Washington Trust Bank

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Washington Trust Bank
Private
FoundedSpokane, Washington, United States (1902)
HeadquartersSpokane, Washington
Key people
Peter F. 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. There are more than 40 financial centers and offices in Washington, Idaho and Oregon[1] with nearly 850 employees. As of December 2014, Washington Trust Bank has assets in excess of $4.77 billion.[2]

Background[edit]

Washington Trust opened its doors 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 expanded to the Puget Sound area, including opening offices in Seattle in 2000 and in Bellevue in 2004.[6]

Services[edit]

Services include personal and commercial banking, home loans, private banking, wealth management and advisory services, trust services and investment services.[7]

The bank has ranked first in deposits in Spokane County since 2009.[8]

References[edit]

  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.