WASH - Washington Trust Bancorp, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Washington Trust Bancorp, Inc.

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

SectorFinancial Services
IndustryBanks—Regional
Full Time Employees601

Key Executives

NameTitlePayExercisedYear Born
Mr. Edward O. Handy IIIChairman & CEO1.03MN/A1962
Mr. Mark K. W. GimPres & COO530.42kN/A1966
Mr. Ronald S. Ohsberg CPASr. EVP, CFO & Treasurer424.98kN/A1965
Mr. James M. Hagerty CPAExec. VP & Chief Lending Officer of Washington Trust Company of Westerly424.56k60.15k1958
Ms. Kathleen A. Ryan Esq.Exec. VP & Chief Wealth Management Officer of Washington Trust Company of Westerly456.72kN/A1966
Amounts are as of December 31, 2018 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 offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate 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 offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, ATM, telephone and Internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides 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. This segment serves personal and institutional, and mutual funds clients. The company also operates as a licensed broker-dealer that offers variable annuities, college savings plans, and mutual funds. As of December 31, 2018, it had 10 branch offices located in southern Rhode Island; 11 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. 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 October 4, 2019 is 3. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 7; Compensation: 2.

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.