August 23, 2014 2:00 PM ET


Company Overview of The Washington Trust Company

Company Overview

The Washington Trust Company, a state-chartered bank, provides banking products and services in Rhode Island, Connecticut, and Massachusetts. The company offers checking, money market, savings, CDARS, and certificates of deposit accounts. Its lending portfolio includes mortgages, reverse mortgages, home improvement and debt consolidation loans, home equity lines, home equity loans, auto/boat/RV loans, term loans, business lines of credit, commercial real estate loans, and small business administration loans. The company also provides debit and credit cards, insurance brokerage, retirement planning, financial and tax planning, investment management, trust, online and mobile banking, bill paym...

23 Broad Street

Westerly, RI 02891

United States

Founded in 1800





Key Executives for The Washington Trust Company

Age: 63
Chief Financial Officer
Age: 59
Chief Operating Officer and Director of Investments
President of Weston Financial Group and Chief Operating Officer of Weston Financial Group
Executive Vice President of Operations & Technology and Executive Vice President of Operations and Technology
Age: 52
Compensation as of Fiscal Year 2014.

The Washington Trust Company Key Developments

Washington Trust Company Opens New Branch in Johnston, Rhode Island

Washington Trust Company has opened its 19th branch at 1383 Atwood Avenue in Johnston, Rhode Island.

Washington Trust Co. Promotes Joseph Confessore to Senior Vice President

Washington Trust Co. promoted Joseph Confessore to Senior Vice President. Confessore will also serve as team leader of the Westerly, R.I.-based bank's C&I commercial banking group in Providence, R.I. In his new position, he will be responsible for maintaining existing commercial banking relationships and developing new relationships with clients throughout New England. He was previously vice president for commercial lending at the Washington Trust Bancorp Inc.

Washington Trust Announces Board Promotions

Washington Trust announced the promotion of employees. Elaine Fiore of Mystic, Conn. has been appointed Vice President, Deposit Operations. In addition to her supervisory responsibilities, Fiore is actively involved in key projects, Deposit Operations efficiencies and cross-training her staff. She joined the Bank in August 2003 as a GL Reconciliation Associate in Financial Administration and was promoted to Deposit Operations Supervisor In October 2006 and to Deposit Operations Officer in June 2009. Kevin M. Hanrahan of Warwick, R.I. has been appointed Assistant Vice President, Commercial Real Estate. Hanrahan joined the Bank in July 2010 as an Intern with the Commercial Real Estate team. He joined the Bank full-time as a Credit Analyst in January 2011, and was promoted to Commercial Real Estate Officer in June 2012. Holly M. Knott of Carolina, R.I. has been appointed Assistant Vice President, Wealth Management Business Planning Officer. Knott joined the Bank in 2001 as a Teller for the Narragansett Branch. In 2002, she moved to Merchant Service Sales for the Franklin St. office in Westerly and then in 2005 to the role of Mortgage Loan Officer for the Richmond Branch. Jennifer M. LaBore of Narragansett, R.I. has been appointed Treasury Support Officer. LaBore joined the Bank in June 2009 as a Loan Servicing Specialist. In March 2010, she joined the Financial Administration team as a Treasury Specialist. She is responsible for cash management, regulatory reporting and administration of the investment portfolio accounting system. Courtney G. Marr of Carolina, R.I. has been appointed Online Servicing Officer. Marr joined the Bank in February 2007 as a Flex Banker at the Mystic McQuades Branch. After working at several branch locations, in October 2011 she transferred to the Call Center as an Online Services Specialist. Lina C. O'Leary of Westerly, R.I. has been appointed Vice President, Online Services and is responsible for managing Personal Online Services, providing online banking training to new employees and internal departments and communicating and managing online banking growth and retention initiatives. O'Leary joined the Bank in 1995 as an Administrative Assistant in the Consumer Credit Department. Andrew L. Thompson of North Kingstown, R.I. has been appointed Special Assets Officer. Thompson joined the Bank in September 2013 as a Risk Management and Special Assets Trainee. He has extensive experience in collections, loss mitigation, loan workout, foreclosure and bankruptcy knowledge. Most recently, he worked at Textron Financial Corporation managing a large group of workout personnel. In his new role as Special Assets Manager, he will oversee all consumer collection for the Bank. Elizabeth M. Turner of Groton, Conn. has been appointed Vice President, Risk Management and is responsible for many risk management functions including monthly reserve calculations, migration analysis, watch list preparation and preparation of quarterly reports on loan review. Turner joined the Bank in February of 2009 as a Risk Management Analyst and was promoted to Risk Management Officer in December 2009.

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Recent Private Companies Transactions

March 3, 2014
The Washington Trust Company, Merchant Services Portfolio

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