Washington Trust Appoints Anthony Botelho To Lead Bank's Commercial Banking Division

Rhea-AI Summary

Washington Trust has appointed Anthony A. Botelho as Executive Vice President and Chief Lending Officer, overseeing the Bank's Commercial and Industrial Lending, Commercial Real Estate Lending, Business Banking, and Cash Management groups. Botelho brings over 35 years of banking experience to the role, having joined Washington Trust in 2021 from Freedom National Bank, where he served as President and CEO. He holds an MBA from Bryant University and a bachelor's degree from the University of Rhode Island.

Botelho is actively involved in community leadership, serving on the Board of Directors at the United Way of Rhode Island and chairing its Governance Committee. He previously served as President of the Rhode Island Bankers Association and on the Board of Directors at the Northern Rhode Island Chamber of Commerce.

Positive

• Appointment of experienced banking executive (35+ years) to lead commercial banking division
• New Chief Lending Officer has prior experience as President and CEO of another bank
• Botelho's community involvement and leadership roles in industry associations

Negative

• None.

News Market Reaction

-5.72%

1 alert

-5.72% News Effect

On the day this news was published, WASH declined 5.72%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WESTERLY, R.I., July 24, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced Anthony A. Botelho, Executive Vice President, has been appointed Chief Lending Officer and assumed responsibility for the Bank's Commercial and Industrial Lending, Commercial Real Estate Lending, Business Banking and Cash Management groups.

Botelho has more than 35 years of banking experience, having joined Washington Trust in 2021 from Freedom National Bank, where he served as President and CEO before that financial institution was acquired. Botelho holds an MBA from Bryant University and a bachelor's degree from the University of Rhode Island. He currently serves on the Board of Directors at the United Way of Rhode Island, where he also chairs the Governance Committee, and formerly served as President of the Rhode Island Bankers Association and on the Board of Directors at the Northern Rhode Island Chamber of Commerce.

ABOUT WASHINGTON TRUST^®

Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust values its role as a community bank and is committed to helping the people, businesses, and organizations of New England improve their financial lives. The Bank offers a wide range of commercial banking, mortgage banking, personal banking and wealth management services through its offices in Rhode Island, Connecticut and Massachusetts and a full suite of convenient digital tools. Washington Trust is a member of the FDIC and an equal housing lender. Washington Trust is a subsidiary of Washington Trust Bancorp, Inc., a publicly-owned holding company which trades on NASDAQ: WASH. For more information, visit the Bank's website at www.washtrust.com or the Corporation's website at ir.washtrust.com.

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SOURCE The Washington Trust Company

FAQ

Who is Anthony Botelho and what is his new role at Washington Trust (WASH)?

Anthony Botelho has been appointed as Executive Vice President and Chief Lending Officer at Washington Trust (WASH), leading the bank's Commercial Banking Division, including Commercial and Industrial Lending, Commercial Real Estate Lending, Business Banking, and Cash Management groups.

What is Anthony Botelho's professional background before joining Washington Trust (WASH)?

Before joining Washington Trust in 2021, Anthony Botelho served as President and CEO of Freedom National Bank until its acquisition. He has over 35 years of banking experience.

What educational qualifications does Anthony Botelho hold?

Anthony Botelho holds an MBA from Bryant University and a bachelor's degree from the University of Rhode Island.

What community and industry leadership roles has Anthony Botelho held?

Anthony Botelho serves on the Board of Directors at the United Way of Rhode Island, chairs its Governance Committee, and previously served as President of the Rhode Island Bankers Association and on the Board of Directors at the Northern Rhode Island Chamber of Commerce.