Washington Trust opens 28th branch in Olneyville neighborhood of Providence, R.I.

Rhea-AI Summary

Washington Trust, the nation's oldest community bank, has opened its 28th branch in the Olneyville neighborhood of Providence, R.I. The branch, located at 1917 Westminster St, was officially inaugurated on September 13th, 2024, with a ribbon-cutting ceremony attended by bank executives and local dignitaries.

The new branch, managed by Eddy Grijalva, offers a full range of financial services, including deposits, loans, business banking, and wealth management. Notably, the branch staff is bilingual in English and Spanish. During the opening event, Washington Trust Charitable Foundation presented a $20,000 contribution to the Olneyville Neighborhood Association to support their efforts in acquiring a new mixed-use space.

This expansion reflects Washington Trust's commitment to deepening existing relationships and building new ones within the Olneyville community.

News Market Reaction – WASH

+1.09%

1 alert

+1.09% News Effect

On the day this news was published, WASH gained 1.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PROVIDENCE, R.I., Sept. 17, 2024 /PRNewswire/ -- Washington Trust officially announced the opening of its 28^th branch location located in the Olneyville neighborhood of Providence at 1917 Westminster St, Providence, RI.

Edward O. "Ned" Handy III, Washington Trust Chairman and Chief Executive Officer, and Mary E. Noons, Washington Trust President and Chief Operating Officer, as well as other members of the Bank's executive team, were joined by community leaders and local and state dignitaries, including RI General Treasurer, James Diossa, and RI Speaker of the House, Joseph Shekarchi, to celebrate the branch opening with a ribbon-cutting on Friday, September 13^th, 2024.

"We are thrilled to celebrate the opening of our Olneyville branch, an effort that has been years in the making," said Handy. "As the nation's oldest community bank, being a true financial partner to individuals, families, and businesses is at the heart of what we do.  We're eager to deepen our existing relationships, build new ones, and help the vibrant Olneyville community thrive."

During the event, representatives from the Olneyville Neighborhood Association were presented with a $20,000 contribution from the Washington Trust Charitable Foundation to support their efforts to acquire a new, mixed-use space that will serve as the nonprofit's headquarters while also offering 1-2 residential apartments for rent.

Eddy Grijalva serves as Officer and Branch Manager of the Olneyville branch, which offers a full suite of financial solutions, including deposit services, mortgage and home equity loans, business banking services, and wealth management and trust services. Grijalva and his team, all of whom are bilingual in English and Spanish, help customers achieve their financial goals through personal in-branch service and convenient digital banking solutions.

Visit http://www.washtrust.com/olneyville for more information.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/washington-trust-opens-28th-branch-in-olneyville-neighborhood-of-providence-ri-302249660.html

SOURCE The Washington Trust Company

FAQ

When did Washington Trust (WASH) open its new branch in Olneyville, Providence?

Washington Trust (WASH) opened its new branch in Olneyville, Providence on September 13th, 2024, with an official ribbon-cutting ceremony.

How many branches does Washington Trust (WASH) now have after the Olneyville opening?

With the opening of the Olneyville branch, Washington Trust (WASH) now has 28 branch locations.

What services does the new Washington Trust (WASH) branch in Olneyville offer?

The new Olneyville branch offers a full suite of financial solutions, including deposit services, mortgage and home equity loans, business banking services, and wealth management and trust services.

How much did Washington Trust (WASH) donate to the Olneyville Neighborhood Association?

Washington Trust Charitable Foundation donated $20,000 to the Olneyville Neighborhood Association during the branch opening event.

Who is the branch manager of Washington Trust's (WASH) new Olneyville location?

Eddy Grijalva serves as Officer and Branch Manager of the new Washington Trust (WASH) Olneyville branch.