Newsweek Selects Washington Trust as "America's Best Small Bank 2023" in Rhode Island for Second Straight Year

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Washington Trust Company has been selected by Newsweek as one of 'America's Best Small Banks 2023' for the State of Rhode Island for the second consecutive year. The recognition is based on factors such as good customer experience, competitive rates, low fees, and a variety of financial products.

WESTERLY, R.I., May 23, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Bank was once again selected by Newsweek to the annual list of "America's Best Small Banks 2023" for the State of Rhode Island. This is the second straight year Washington Trust has received recognition from Newsweek, who partnered with LendingTree, in evaluating 4,800 FDIC-insured banks and NCUA-insured credit unions for the annual "Best Banks" rankings. According to Newsweek, as a State winner, Washington Trust is recognized for delivering "all the best of banking small: a more personal touch, good customer experience, competitive rates, low fees, and a variety of financial products."

"We're honored to receive recognition once again from Newsweek as "America's Best Small Bank," representing Rhode Island," stated Edward O. "Ned" Handy, III, Washington Trust Chairman and Chief Executive Officer. "This award is a testament to the dedication of our Washington Trust team, who are committed to providing our customers with sound financial advice and solutions, which are especially important during these difficult economic times."

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 can be found at washtrust.com. 

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SOURCE The Washington Trust Company

FAQ

What is the news about Washington Trust Company?

Washington Trust Company has been selected as one of 'America's Best Small Banks 2023' for the State of Rhode Island by Newsweek.

How did Newsweek evaluate the banks for the annual rankings?

Newsweek evaluated 4,800 FDIC-insured banks and NCUA-insured credit unions in partnership with LendingTree.

What criteria were considered for the selection?

The selection was based on factors such as good customer experience, competitive rates, low fees, and a variety of financial products.

Who is Edward O. 'Ned' Handy, III?

Edward O. 'Ned' Handy, III is the Chairman and Chief Executive Officer of Washington Trust.

What does this award mean for Washington Trust?

This award is a testament to the dedication of the Washington Trust team in providing customers with sound financial advice and solutions, especially during difficult economic times.