Newsweek Names Washington Trust Best Small Bank in Rhode Island

Rhea-AI Summary

The Washington Trust Company has been named the Best Small Bank in Rhode Island by Newsweek in their annual Best Banks listing. The evaluation involved over 2,600 FDIC-insured institutions assessing overall health, customer service, digital presence, and loan options. Chairman Edward Handy expressed pride in this recognition, highlighting the bank's commitment to quality service over its 220-year history.

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• Named Best Small Bank in Rhode Island by Newsweek, enhancing brand reputation.
• Recognition based on evaluation of over 2,600 financial institutions, reinforcing trust in service quality.

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• None.

WESTERLY, R.I., Oct. 6, 2021 /PRNewswire/ -- The Washington Trust Company was recently named the Best Small Bank in Rhode Island by Newsweek as part of its annual Best Banks listing.

"For more than 220 years, we have been committed to delivering the highest quality service and financial solutions for our customers and our communities," said Edward "Ned" O. Handy III, Chairman and Chief Executive Officer, Washington Trust. "We are honored to receive this award, as it is testament to our team's hard work and commitment to our core values of Quality, Integrity and Community. This recognition also confirms Washington Trust's status as the Bank of Choice for Rhode Islanders."

The 'America's Best Banks' list was compiled by Newsweek, in partnership with Lending Tree, and examined more than 2,600 FDIC-insured financial institutions. Relevant information about the overall health of the bank, customer service performance and features, digital and branch presence, account and loan options, interest rate offerings and more were evaluated in order to determine the winners.

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ABOUT WASHINGTON TRUST^®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/. 

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SOURCE The Washington Trust Company

FAQ

What recent award did Washington Trust receive?

Washington Trust was named the Best Small Bank in Rhode Island by Newsweek.

How many banks were evaluated for the Newsweek Best Banks listing?

Over 2,600 FDIC-insured financial institutions were evaluated.

What factors contributed to Washington Trust's recognition?

Factors included overall health, customer service performance, digital presence, and loan options.

Who announced the Best Small Bank award for Washington Trust?

The award was announced by Newsweek in partnership with Lending Tree.

What is the significance of Washington Trust being named Best Small Bank?

This award enhances Washington Trust's reputation and confirms its status as a preferred bank in Rhode Island.