Washington Trust Bank
FormerlyWashington Trust Company (1902-1951)
Company typePrivate
Founded1902; 122 years ago (1902) in Spokane, Washington, U.S.
FoundersJ. Grier Long
Martin B. Connelly
R.L.Webster
Headquarters717 W Sprague Ave,
Spokane Washington
,
U.S.
Key people
Peter Q. Stanton (Chairman & CEO)
John E. (Jack) Heath, III (President & COO)
ProductsPersonal Banking, Commercial Banking, Private Banking, Home Loans, Wealth Management, Wealth Advisory, Investment Services, Trust Services
Number of employees
1,021
Websitewatrust.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 CEO 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]

References

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