Washington Trust Bancorp, Inc. (WASH)

26.14 +0.15 (+0.58%) At close: 04:00PM EDT

Washington Trust Bancorp, Inc.

23 Broad Street
Westerly, RI 02891
United States
401 348 1200
https://www.washtrust.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 665

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Edward Otis Handy III	Chairman & CEO	981.44k	N/A	1962
Ms. Mary E. Noons	President & COO	466.39k	N/A	1962
Mr. Ronald Stephen Ohsberg CPA	Senior EVP, CFO & Treasurer	447.35k	N/A	1965
Ms. Maria N. Janes CPA	Executive VP, Chief Accounting Officer & Controller	N/A	N/A	1971
Ms. Elizabeth Boyle Eckel	Executive VP and Chief Marketing & Corporate Communications Officer	N/A	N/A	1960
Ms. Kristen L. DiSanto	Senior EVP, Chief Human Resources Officer & Corporate Secretary	N/A	N/A	1970
Mr. Joseph M. Confessore	Senior Vice President of Wealth Management & Commercial Banking	N/A	N/A	N/A
Mr. Rolando A. Lora	Executive VP & Chief Retail Lending Officer	N/A	N/A	1971

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

Corporate Governance

Washington Trust Bancorp, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 3. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.