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Saturday, December 5, 2009, 3:46PM ET - U.S. Markets Closed. Dow Up 0.22% Nasdaq Up 0.98%
Washington Trust Bancorp Inc. (WASH)On Dec 4: 14.56  Up 0.30 (2.10%)  
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Washington Trust Bancorp Inc.
23 Broad Street
Westerly, RI 02891
United States - Map
Phone: 401-348-1200
Fax: 401-348-1262
Web Site: http://www.washtrust.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Northeast Banks
Full Time Employees:440

BUSINESS SUMMARY 
Washington Trust Bancorp, Inc. operates as the holding company for The Washington Trust Company that offers a range of banking and related financial services to individuals and businesses in the United States. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit products, including commercial and consumer demand, savings, time, negotiable order of withdrawal, and money market deposits; retirement accounts; and certificates of deposit. Its portfolio of loans includes residential mortgages, commercial real estate loans, residential loans, reverse mortgages, commercial loans, construction loans, home equity lines of credit, home equity loans, and consumer installment loans. This segment also offers automated teller machine (ATM), merchant credit card processing, telephone banking, Internet banking, cash management, remote deposit capture, and safe deposit boxes services. The Wealth Management Services segment provides asset management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; investment management, advisory, and financial planning services; and corporate/institutional trust services, such as services as trustee for pension and profit sharing plans. As of December 31, 2008, Washington Trust Bancorp operated 17 branch offices in Rhode Island, Massachusetts, and southeastern Connecticut. The company was founded in 1800 and is headquartered in Westerly, Rhode Island.
Key Statistics

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    CORPORATE GOVERNANCE 
    Washington Trust Bancorp Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 80.6% of Russell 3000 companies and 87.6% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. John C. Warren , 63
    Chairman, Chief Exec. Officer, Member of Exec. Committee, Chairman of The Washington Trust Company and Chief Exec. Officer of the Washington Trust Company
    $ 637.00K $ 167.00K
    Mr. David V. Devault , 54
    Chief Financial Officer, Principal Accounting Officer, Exec. VP, Sec., Chief Financial Officer of Washington Trust Company, Exec. VP of Washington Trust Company and Sec. of Washington Trust Company
    $ 268.00K $ 0
    Mr. James M. Vesey , 61
    Exec. VP and Chief Credit Officer of Washington Trust Company
    $ 206.00K $ 0
    Mr. Galan George Daukas CFA,
    Exec. VP of Wealth Management and Exec. VP of Wealth Management -Washington Trust Company
    $ 552.00K $ 0
    Mr. Joseph J. MarcAurele , 58
    Pres, Chief Operating Officer
    N/A N/A
    Dollar amounts are as of 31-Dec-08 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.
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