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Summary
location iconWesterly, Rhode Island
company sizeCompany size: 501-1000
total assetsTotal Assets: $5B - $10B

The Washington Trust Company is a state chartered bank based in Westerly, Rhode Island and wholly-owned subsidiary of Washington Trust Bancorp, Inc., a publicly traded financial services holding company. The Washington Trust Company provides business and personal banking services including mortgages, auto loans, personal loans, credit cards, commercial loans and lines of credit, cash management services, private banking, trust and estate services, wealth management services, and other financial services for customers. The Washington Trust Company serves customers with location throughout Rhode Island, Connecticut and Massachusetts.

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Washington Trust - Recent News & Articles

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May 4, 2024
Private equity firms step up plans to edge banks out of low-risk lending

Private equity firms including Apollo Global, KKR, Blackstone and Brookfield are accelerating efforts to make low-risk loans, encroaching on territory...

Apr 27, 2024
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Republic First is seized, assets sold to Fulton Bank

The first bank failure of 2024 punctuates the discord that has brewed at Republic First for more than two years. Fulton, meanwhile, will double its Ph...

Source: BankingDive
Apr 27, 2024
Fed courts nonbanks for FedNow growth

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow. The...

Apr 12, 2024
How FedNow is Shaping Payments Since its Groundbreaking Launch

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a sign...

Source: Finextra
Mar 13, 2024
Goldman Sachs Aims for $300 Billion Private Credit Portfolio

Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portf...

Source: PYMNTS
Nov 11, 2023
China’s ICBC, the world’s biggest bank, hit by cyberattack that reportedly disrupted Treasury markets

The U.S. financial services division of Chinese bank ICBC was hit by a cyberattack that reportedly affected the trade of U.S. Treasurys. ICBC, the wor...

Source: CNBC
Oct 23, 2023
Fed says bond market’s term premium is the reason behind rise in Treasury yields. Why investors should take it with a dose of caution.

U.S. Federal Reserve officials and some investors are increasingly focused on something that can’t be easily explained by the economy or monetary-poli...

Source: CNBC
Sep 29, 2023
Marathon Asset Management Closes $1.7 Billion Asset-Based Lending Fund

Marathon Asset Management, a leading global credit investment manager, today announced the final close for the third vintage of a closed-end asset-bas...

Source: Businesswire
Sep 12, 2023
$7.6 trillion of publicly held U.S. government debt matures in next 12 months. What does the Treasury do next?

Close to a third of all publicly-held, outstanding U.S. government debt is set to mature in the next 12 months, raising questions about where Treasury...

Source: MarketWatch
Aug 29, 2023
Goldman Sachs unloads another business acquired under CEO David Solomon

Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The transaction is e...

Source: CNBC