Washington Trust Bank Explained

Washington Trust Bank
Former Name:Washington Trust Company (1902-1951)
Type:Private
Foundation: in Spokane, Washington, U.S.
Founders:J. Grier Long
Martin B. Connelly
R.L.Webster
Location:717 W Sprague Ave
Hq Location City:Spokane Washington
Hq Location Country:U.S.
Key People:Peter Q. Stanton (Executive Chairman)
John E. (Jack) Heath, III (CEO)
Kevin Blair (President)
Jim Branson (COO)
Num Employees:1,021
Products:Personal Banking, Commercial Banking, Private Banking, Home Loans, Wealth Management, Wealth Advisory, Investment Services, Trust Services
Homepage:watrust.com

Washington Trust Bank is an American diversified financial services holding company headquartered in Spokane, Washington. It is the oldest and largest privately held commercial bank in the Pacific Northwest, and has more than 40 financial centers and offices in Washington, Idaho and Oregon with over 1,000 employees.[1] As of December 2014, the bank had assets in excess of $4.77 billion.[2]

Background

Washington Trust opened in 1902 as The Washington Trust Company. Current Executive Chairman Peter F. Stanton is the fourth generation of the Stanton family to lead the bank.[3] [4]

The bank operates offices throughout Washington, Oregon and Idaho. The first branches in Idaho opened in 1989, while the first branch in Portland opened in 2004.[5] Washington Trust also expanded to the Puget Sound area, opening offices in Seattle in 2000 and in Bellevue in 2004.[6]

Services

Services offered by the bank include personal and commercial banking, home loans, private banking, wealth management and advisory services, trust services and investment services.[7] Washington Trust has ranked first in deposits in Spokane County since 2009.[8]

Notes and References

  1. Web site: A wealth of growth in Washington Trust unit. Ross. Katie. 4 December 2014. The Spokane Journal of Business. The Spokane Journal of Business. 9 March 2016.
  2. Web site: Banks. Forshee. Stephanie. 17 April 2015. Puget Sound Business Journal. American City Business Journals. 15 March 2016.
  3. Web site: Carrying on a family tradition. Parish. Linn. 29 July 2004. The Spokane Journal of Business. The Spokane Journal of Business. 5 January 2016.
  4. Web site: Washington Trust Bank's western exposure. April 2014. Seattle Business Magazine. Tiger Oak Media. 5 January 2016.
  5. Web site: A wealth of growth in Washington Trust unit. Ross. Katie. 4 December 2014. The Spokane Journal of Business. The Spokane Journal of Business. 9 March 2016.
  6. Web site: Washington Trust Bank's western exposure. April 2014. Seattle Business Magazine. Tiger Oak Media. 5 January 2016.
  7. Web site: Washington Trust Bank: Private Company Information. Bloomberg Businessweek. Bloomberg L.P.. 6 January 2016.
  8. Web site: Washington Trust leads Spokane County in deposits for sixth straight year. Bjerken. LeAnn. 8 October 2015. The Spokane Journal of Business. The Spokane Journal of Business. 21 December 2015.