Washington Trust Bancorp is a community bank holding company headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the U.S. and the largest state-chartered bank in Rhode Island. The company operates primarily across southern New England — Rhode Island, Connecticut, and Massachusetts — and runs three core businesses: commercial banking, residential mortgage banking, and wealth management. Commercial banking centers on CRE and C&I loans to businesses, nonprofits, and municipalities, funded by $5.3B in deposits across a 29-branch network. Wealth management serves individuals and institutions with investment management, financial planning, and trust and estate services, managing $7.8B in assets under advisement and generating fee income at roughly 60 bps on average. Mortgage banking originates residential loans, selling approximately 75% into the secondary market and retaining the rest. Washington Trust earns revenue through two channels: net interest income from its loan and investment portfolio, and noninterest fee income from wealth management and mortgage banking. The company is actively shifting its loan mix toward C&I, which tends to bring deposit relationships alongside credit, and recently hired a new commercial banking leadership team focused on healthcare, education, and nonprofit clients in the Northeast. Washington Trust also completed a tuck-in acquisition of Lighthouse Financial Management in 2025 and executed a balance sheet restructuring in late 2024 to reduce reliance on expensive wholesale funding and expand its net interest margin.