Washington Trust Named One of Rhode Islands Best Places to Work for Eighth Year in a Row

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May 7, 2018

Rhode Island– Last week, Washington Trust was named as one of Rhode Island’s Best Places to Work by Providence Business News. This marks the eighth year in a row that Washington Trust has been named to the list, which recognizes the outstanding places of employment throughout Rhode Island and Southeastern, Massachusetts.

May 7, 2018

Rhode Island– Last week, Washington Trust was named as one of Rhode Island’s Best Places to Work by Providence Business News. This marks the eighth year in a row that Washington Trust has been named to the list, which recognizes the outstanding places of employment throughout Rhode Island and Southeastern, Massachusetts.

Washington Trust was named within the Enterprise Employer category of Best Places to Work; reserved for employers with 500 or more employees in the region. The selection of the Bank was based on its workplace policies and practices, as well as a survey of its employees regarding life at Washington Trust – work environment, morale, benefits, and growth opportunities. To compile the list, 52 companies were judged based on confidential surveys of employees and management reports compiled by the Best Companies Group.

“We are thrilled to be recognized as an employer of choice in Rhode Island - a distinction we celebrate with our employees,” said Edward O. Handy III, Chairman and Chief Executive Officer, Washington Trust. “The fact that this is our eighth year in a row as one of the State’s ‘best’ employers is a testament to the hard work and consistency of our team, and our dedication to them as a Company.”

Washington Trust will be recognized at an awards ceremony on June 14th. For more information on the Best Places to Work in Rhode Island program, visit www.BestPlacesToWorkRI.com.

ABOUT WASHINGTON TRUST
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.

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  • Washington Trust Earns Worksite Health Award from Blue Cross & Blue Shield of Rhode Island and the Greater Providence Chamber of Commerce

    Washington Trust Earns Worksite Health Award from Blue Cross & Blue Shield of Rhode Island and the Greater Providence Chamber of Commerce

    June 21, 2017

    Westerly, RI– The Washington Trust Company was recognized with an Exemplary Worksite Health Award from Blue Cross & Blue Shield of Rhode Island (BCBSRI) and the Greater Providence Chamber of Commerce (the Chamber) for effective programs encouraging employee health and well-being in a meaningful way.

    Washington Trust was one of more than 75 Rhode Island businesses honored by BCBSRI and the Chamber with a Worksite Health Award at a breakfast attended by hundreds of state business leaders. The event celebrated local businesses who have demonstrated a commitment to improving Rhode Islanders’ overall health through innovative wellness programs.

    “We believe that it’s important to invest in the health and wellness of our workforce,” said Kristen L. DiSanto, executive vice president of human resources for Washington Trust. “It’s encouraging to see so many of our employees embracing our Wellness Program. It’s also exciting to see employees share stories about their personal wellness journey – quitting smoking, increasing activity, losing weight, having a screening that changed their health, etc. Many of these stories have been a catalyst to get others on the path to wellness.”

    “We commend Washington Trust for investing in wellness programming and creating a stronger workforce,” said Kim Keck, president and CEO of BCBSRI. “Employees who are encouraged to take charge of their own health and wellness feel empowered and valued. Working as a team to help employees get healthy and stay healthy translates to a more committed, more engaged workforce – and that is a true sign of success.”

    ABOUT WASHINGTON TRUST
    Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.

    ABOUT BLUE CROSS & BLUE SHIELD OF RHODE ISLAND
    Blue Cross & Blue Shield of Rhode Island (bcbsri.com) is a non-profit, community-focused health plan founded in 1939 to help Rhode Islanders finance their healthcare needs. Today, that’s still a big part of what we’re all about. We are committed to improving the health and peace of mind of our more than 400,000 members by facilitating their access to affordable, high-quality healthcare. Our goal is to improve the quality of life of our customers and of the people of Rhode Island by improving their health for generations to come. We are an independent licensee of the Blue Cross and Blue Shield Association. Connect with us on Twitter, Facebook, LinkedIn and Instagram.

    ABOUT THE GREATER PROVIDENCE CHAMBER OF COMMERCE
    The Greater Providence Chamber of Commerce is Rhode Island’s only statewide chamber. The Chamber is the hub of connections for Rhode Island businesses of all sizes, in all industries and in all sectors. For more information, visit www.provchamber.com, follow us on Twitter @Provchamber, and like us on Facebook.

  • Washington Trust Named to KBW "Bank Honor Roll" for Fifth Consecutive Year

    April 15, 2016

    Westerly, RI – For the fifth consecutive year, Keefe, Bruyette & Woods, Inc. (KBW) has named Washington Trust Bancorp, Inc. (NASDAQ OMX®: WASH) to its “2015 Bank Honor Roll” of superior performers. Selected from a list of nearly 400 companies listed on the NYSE and Nasdaq exchanges, Washington Trust is one of only 18 companies nationwide to be chosen for the Honor Roll; it is also the only Rhode Island bank, and one of only three financial service companies in New England to be selected.

    “We found that the KBW Bank Honor Roll members have better-than-industry performance ratios and growth rates when compared to the publicly traded bank universe with total assets over $500 million,” stated Melissa A. Roberts, KBW Managing Director of Quantitative Research. Adding, “In terms of stock price performance, Bank Honor Roll companies significantly outperformed the banking industry during the five-year period between 2010 and 2015.”

    “Strength and consistency have guided Washington Trust’s success throughout our 215-year history,” said Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer. “It’s an honor to once again be recognized by KBW for our performance and to be included alongside the 17 other financial institutions that were selected for the 2015 Bank Honor Roll.”

    To qualify for inclusion on the KBW Bank Honor Roll, publicly traded banking institutions with at least $500 million in total assets had to meet the following three conditions as of year-end 2015:

    • No annual loss reported in net income per share before extraordinary items over the past 10 years;
    • 2015 annual reported net income per share before extraordinary items equal to or greater than peak net income per share over the past 10 years; and
    • Consecutive increases in net income per share before extraordinary items since 2009.

    ABOUT KBW
    KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

    ABOUT WASHINGTON TRUST BANCORP, INC.
    Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, with $3.8 billion in assets as of December 31, 2015. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation’s common stock trades on The NASDAQ OMX® under the symbol WASH. Investor information is available on the Corporation’s web site at www.washtrustbancorp.com.

  • Washington Trust Named to KBW “Bank Honor Roll” for Sixth Consecutive Year

    April 28, 2017

    Westerly, RI - For the sixth consecutive year, Keefe, Bruyette & Woods, Inc. (KBW) has named Washington Trust Bancorp, Inc. (NASDAQ: WASH) to its “2016 Bank Honor Roll” of superior performers. Selected from a list of nearly 400 companies listed on the NYSE and Nasdaq exchanges, Washington Trust is one of only 15 companies nationwide to be chosen for the Honor Roll; it is also the only Rhode Island bank, and one of only three financial service companies in New England to be selected.

    “The KBW Bank Honor Roll recognizes a select group of high performers that showed tremendous resilience in what may have been the most challenging decade in modern banking history,” noted Fred Cannon, KBW Director of Research. “These banks were able to differentiate themselves from their peers despite a challenging rate environment and flattening yield curve for the better part of 2016 and remain well-positioned to continue to succeed.”

    “Washington Trust is honored to be recognized for the KBW Honor Roll for the sixth consecutive year,” stated Joseph J. MarcAurele, Washington Trust Chairman and CEO. “Our solid growth and better-than-industry performance ratios continue to rank us among the top financial institutions in our region and peer group.”

    To qualify for inclusion on the KBW Bank Honor Roll, publicly traded banking institutions with at least $500 million in total assets had to meet the following three conditions as of year-end 2016:


    • No annual loss reported in net income per share before extraordinary items over the past 10 years; 
    • 2016 annual reported net income per share before extraordinary items equal to or greater than peak net income per share over the past 10 years; and 
    • Consecutive increases in net income per share before extraordinary items since 2002 

    ABOUT KBW
    KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

    ABOUT WASHINGTON TRUST BANCORP, INC.
    Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, with $4.4 billion in assets as of March 31, 2017. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation’s common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation’s web site at www.washtrustbancorp.com.

  • Washington Trust Provides Commercial Financing to Rhode Island Based IT Consulting Firm; Vertikal6

    December 1, 2016

    Westerly, RI – The Washington Trust Company recently provided commercial financing to Vertikal6, a full service IT consultant located in Warwick, Rhode Island. Vertikal6 provides IT outsourcing, professional services and software development to the Greater New England area, and was designated one of Rhode Island’s fastest growing and most innovative companies by Providence Business News in 2014 and one of the state’s best places to work by Providence Business News in 2016.

    “We are excited to be the banking partner for Vertikal6 and to help them reach their strategic visions,” said Joseph M. Confessore, Senior Vice President & Team Leader, Washington Trust Commercial Banking Group. “We look forward to growing our relationship with the company and being a true part of their evolution.”

    “Vertikal6 is proud to be a Washington Trust client,” added Rick Norberg, CEO, Vertikal6. “From day one, Washington Trust has understood our needs and have taken the time to understand our plan for the future. They have gone above and beyond in every aspect of their service and look out for our best interest at all times.”

    Washington Trust’s commercial banking group offers a full line of commercial, industrial and real estate lending and cash management services to leading companies, real estate developers, not-for-profits and municipalities throughout the Northeast. For more information, contact Joseph M. Confessore, Senior Vice President & Team Leader, Washington Trust Commercial Banking Group, at 401-348-1439 or Luba Stolyarova, Vice President, Washington Trust Commercial Banking Group, at 401-348-1223.

    ABOUT WASHINGTON TRUST®
    Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at www.washtrust.com.

  • Washington Trust Donates $100,000 To Westerly Higher Education and Job Skills Center

    Washington Trust Donates $100,000 To Westerly Higher Education and Job Skills Center

    March 22, 2017

    Westerly, RI - Washington Trust chairman and CEO Joseph MarcAurele, Washington Trust president and COO Edward Handy and Washington Trust senior vice president Dennis Algiere presented a $100,000 check to Amy Grzybowski, executive director of the Westerly Education Center, and Neil Steinberg, president and CEO of the Rhode Island Foundation, on behalf of the Washington Trust Charitable Foundation. The donation represents a multi-year commitment to support the Westerly Higher Education and Job Skills Center, which opened in January 2017.

    "Because of Washington Trust's support of the Center, thousands of women and men in need of workforce and skills training will know a better future for themselves and their families as a result of the access to quality education provided to them," said Grzybowski. "We are truly grateful for the investment Washington Trust has made in their futures and ours."

    “Washington Trust’s very generous commitment to the Center will support the growth of this important educational and skills training facility initiated by the Royce family,” said Steinberg. “Students are already attending the classes and training that will create the workforce necessary for manufacturers like Electric Boat to expand and thrive.” The Rhode Island Foundation accepted the donation on behalf of the charity that was created to support the project.

    The Center is an innovative facility designed to bring together higher education, business, industry, and community partners to serve the workforce and community needs of southwestern Rhode Island and the State. The 34,500-square-foot facility will be the base for providing high-quality educational programs in key sectors to meet projected workforce growth in the region. The anchor tenant is the Community College of Rhode Island in partnership with General Dynamics Electric Boat.

    The Washington Trust Charitable Foundation provides charitable grants to 501(c)3 organizations whose work benefits the communities served by the bank.

    ABOUT WASHINGTON TRUST®
    Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.

    PHOTO CAPTION (from left to right): Amy Grzybowski, executive director, Westerly Education Center, Edward Handy, Washington Trust president and COO, Joseph MarcAurele, Washington Trust chairman and CEO, Neil Steinberg, president and CEO of the Rhode Island Foundation and Dennis Algiere, Washington Trust senior vice president at the Westerly Higher Education and Job Skills Center.

  • Washington Trust Expands Leadership Team

    Washington Trust Expands Leadership Team

    June 5, 2017

    Westerly, RI– Washington Trust Bancorp, Inc. (NASDAQ: WASH) the publicly-owned holding company of The Washington Trust Company, today announced Ronald S. Ohsberg has been appointed Executive Vice President and Treasurer, and Mark K.W. Gim has been named Senior Executive Vice President, Wealth Management and Chief Strategy Officer. In these new positions, Ohsberg and Gim will serve as executive officers of both the corporation and the Bank.

    Ohsberg, a Cranston, R.I. resident, joins Washington Trust from Linear Settlement Services, where he served as Executive Vice President, Finance for the past year. Prior to Linear, Ohsberg was employed at Citizens Bank for 12 years, leaving in 2016 as Executive Vice President, Corporate Controller and Chief Accounting Officer. One of his key responsibilities at Citizens was the execution of key financial matters related to Citizens Financial Group (NYSE: CFG) becoming a publicly-traded company in September 2014. The transaction is regarded as the largest commercial bank initial public offering (IPO) in U.S. history. Ohsberg also spent 12 years at FleetBoston Financial/Bank of America where he served as Senior Vice President, Director of Accounting and Financial Analysis, and, prior to that, served as Audit Manager at KPMG Peat Marwick. A Certified Public Accountant (CPA), Ohsberg holds B.S. degrees in accounting and finance, and an M.B.A. from the University of Rhode Island. He has served as a member of the Board of Trustees and Treasurer of the Scandinavian Home Nursing and Retirement Center.

    In his new position at Washington Trust, Ohsberg will be responsible for the Treasury area, with oversight of balance sheet management strategies, interest rate risk management, liquidity and corporate budgeting.

    Gim, a Barrington, R.I. resident, has been with Washington Trust since 1993 and has headed up Washington Trust Wealth Management since 2013. Under his leadership, Washington Trust Wealth Management has increased assets under administration from $4.8 billion to a record $6.1 billion at year-end 2016. During this time, he oversaw the company’s acquisition and integration of Halsey Associates, Inc., a New Haven, Connecticut-based Registered Investment Advisor (RIA). He has added new talent, technology, and a more comprehensive breadth of wealth management service offerings to enhance the client experience and position Washington Trust Wealth Management as a best-in-class wealth management service provider.

    A magna cum laude graduate of Brown University, Gim earned a master's degree from the London School of Economics in London, England. He serves as President of the Rhode Island Free Clinic and past President of the Community College of Rhode Island Charitable Foundation. He is a board member of the Trinity Repertory Company, the Rhode Island Philharmonic & Music School, Rhode Island Public Radio, Providence Athenaeum, and The Wolf School. He also serves as Lecturer on the faculty of the Morin Center for Banking at the Boston University School of Law.

    “The expansion of our leadership team is critical to Washington Trust’s continued growth,” stated Joseph J. MarcAurele, Washington Trust Chairman and CEO. “We’re fortunate to have a local professional, with Ron’s credentials, join our executive team. His extensive corporate accounting and financial reporting experience will be critical in helping us manage the corporation in today’s heavily regulated environment. In recent years, Mark has played a significant role in growing our Wealth Management division, which is a key business line and revenue driver for us. He has provided tremendous insight into our corporate strategic planning process and we look forward to his continued contributions and guidance.”

    ABOUT WASHINGTON TRUST BANCORP, INC.
    Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, with $4.4 billion in assets as of March 31, 2017. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation’s common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation’s web site at www.washtrustbancorp.com.

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