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Washington Trust Announces April "I Luv RI" Photo Contest Winner

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By Business Wirevia The Motley Fool

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Washington Trust Announces April “I Luv RI” Photo Contest Winner


“Favorite Memories” Theme Attracts Hundreds of RI Photos

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust and Rhode Island Monthly have selected a photo by Mary Buetow of Woonsocket, RI as April’s I Luv Rhode Island photo contest winner. The photo, entitled “Father’s Day at Brenton Point,” was chosen from hundreds of entries in the “Favorite RI Memories” category. The photo, which appears in this month’s edition of Rhode Island Monthly Magazine, displays colorful kites being flown at Brenton Point State Park in Newport, Rhode Island.

April’s winning I Luv RI photo “Father’s Day at Brenton Point,” taken by Mary Buetow features an array of colorful kites. (Photo: Business Wire)

“Going to Brenton Point on Father’s Day has been a tradition in my family for about five years now,” said Buetow. Adding, “All of my children and grandchildren head to Brenton Point with our kites — there are about 15 of us —and we spend the day together.”

“Rhode Island has many beautiful places, like Brenton Point in Newport, for families to create life-long memories,” stated Joseph J. MarcAurele, Washington Trust Chairman, President and CEO. “This photo captures both the beauty of Rhode Island and the spirit of family fun.”

The “I Luv RI” photo contest is sponsored by Washington Trust in conjunction with Rhode Island Monthly. Photographers may enter by sending their favorite Rhode Island photo to: www.rimonthly.com/ILUVRI , or by visiting www.iluvri.com . Each month in 2013, a winning photo will be selected and published in Rhode Island Monthly magazine. Monthly photo winners also receive an “I Luv RI” gift basket full of Rhode Island items.

To enter a photo in the contest, visit the I Luv RI photo contest page . For more information about I Luv RI, visit www.iluvri.com .

…read more
Source: FULL ARTICLE at DailyFinance

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Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Conne

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By Business Wirevia The Motley Fool

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Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Connecticut

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust’sCommercial Real Estate Group recently provided $1,725,000 in commercial mortgage financing to EP Apartments, LLC for the acquisition of 42 units at East Pointe Condominiums, a 64-unit condominium complex located in Waterbury, Connecticut.

Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Connecticut (Photo: Business Wire)

“This property is located on the eastern side of Waterbury, less than a ½ mile from I-84, with easy access to employment centers such as Hartford, New Haven, Middletown, Bridgeport and Danbury,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.

Washington Trust’s Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Timothy Pickering, Senior Vice President, Commercial Real Estate Group, 401-348-1482 or 1-800-475-2265 ext. 1482.

Founded in 1800, Washington Trust is one of New England‘s premier financial services companies, providing commercial banking,personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc. (NASDAQ Global Select, symbol: WASH).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
Senior Vice President, Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Connecticut  Rhode Island

INDUSTRY KEYWORDS:

The article Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Connecticut originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 …read more
Source: FULL ARTICLE at DailyFinance

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Washington Trust Again Offers Free RI Beach Pass with New Checking Account Bank's I Luv RI Campaign

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By Business Wirevia The Motley Fool

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Washington Trust Again Offers Free RI Beach Pass with New Checking Account Bank’s I Luv RI Campaign Celebrates Rhode Island’s State Beaches

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust is once again offering a free Rhode Island State Beach Pass Season’s Pass to anyone who opens up a new checking account with a $50 recurring direct deposit. The beach pass can be used this summer any of Rhode Island‘s eight state beaches, including: Charlestown Breachway, East Beach, East Matunuck, Misquamicut, Roger Wheeler, Salty Brine, and Scarborough North and South.

“Washington Trust is Rhode Island’s bank,” said Joseph J. MarcAurele, Washington Trust‘s Chairman, President and CEO. “Founded in Rhode Island in 1800, we’re the largest independent bank headquartered in the State. Our ‘I Luv RI‘ campaign celebrates everything that’s great about Rhode Island. What better way to share our love of the Ocean State than provide people with an opportunity to obtain free beach passes?”

Washington Trust checking account customers will receive a gift certificate for a Rhode Island state beach pass when their first $50 direct deposit is posted to their new checking account. A Washington Trust checking account also includes free online banking and bill payment, a free debit card with rewards, free mobile banking and more than 100 convenient ATM locations.

The gift certificate, valued at $60, may be redeemed for a state beach pass beginning May 18, 2013 (weekends only) through Memorial Day at Misquamicut, Roger Wheeler, Scarborough, and East Matunuck state beaches. Passes will be available daily at all State beaches after Memorial Day. The gift certificates are transferable and do not expire. Non-Rhode Island residents may redeem the gift certificate towards the cost of an out-of-state season’s beach pass.

“We are delighted that Washington Trust is once again featuring Rhode Island state beaches as part of its ‘I Luv RI’ campaign,” said Department of Environmental Management Director Janet Coit. “Rhode Island has some of the most spectacular beaches that can be found anywhere, and sharing them with family, friends and visitors creates memories that last a lifetime. Our world-class, state-of-the-art beach facilities are among the state’s major tourist attractions and generate billions of dollars for the local and state economy every year.”

For more information about Washington Trust‘s Free Rhode Island State Beach Pass promotion, or the Bank’s “I Luv RI” campaign, visit www.washtrust.com or email the Bank at marketing@washtrust.com.

The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $3.0 billion corporation headquartered …read more
Source: FULL ARTICLE at DailyFinance

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Washington Trust Bancorp, Inc. Declares First Quarter Dividend

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By Business Wirevia The Motley Fool

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Washington Trust Bancorp, Inc. Declares First Quarter Dividend

Company Increases Dividend to 25 Cents Per Share

WESTERLY, R.I.–(BUSINESS WIRE)– The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ Global Select®; symbol: WASH), today declared a quarterly dividend of 25 cents per share for the quarter ending March 31, 2013. This represents a one cent increase over the dividend paid last quarter and is the Corporation’s third dividend increase in the past year. The dividend will be paid on April 12, 2013 to shareholders of record on April 1, 2013.

Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, a state-chartered bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. Washington Trust offers a full range of financial services, including commercial banking, small business banking, personal banking, and wealth management and trust services through its offices located in Rhode Island, southeastern Connecticut and eastern Massachusetts. The Corporation’s common stock trades on The NASDAQ Global Select® Stock Marketunder the symbol WASH. Investor information is available on the Corporation’s web site: www.washtrust.com.

Washington Trust Bancorp, Inc.
Elizabeth B. Eckel, 401-348-1309
Senior Vice President, Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Rhode Island

INDUSTRY KEYWORDS:

The article Washington Trust Bancorp, Inc. Declares First Quarter Dividend originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

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Washington Trust Finances $4.5 Million Acquisition of Blackstone Place in Pawtucket, R.I.

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By Business Wirevia The Motley Fool

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Washington Trust Finances $4.5 Million Acquisition of Blackstone Place in Pawtucket, R.I.

Current tenants include Rite Aid pharmacy

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust‘sCommercial Real Estate Group recently provided $4,500,000 in commercial mortgage financing to Blackstone Place Limited Partnership for the acquisition of Blackstone Place, a 38,000 square foot retail building located at 727 East Avenue, Pawtucket, R.I.The retail space is currently occupied by Rite Aid, Hillside Avenue Family & Community Medicine, and Dunkin Donuts.

“This property is located at the end of Hope Street at the junction of Blackstone Boulevard in the affluent East Side of Providence neighborhood,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. Adding, “It has excellent tenants, including Rite Aid, the third largest drugstore chain in the country.”


Washington Trust‘s
 Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Mary Ettinger , Vice President, Commercial Real Estate Group, 401-348-1415 or 1-800-475-2265 ext. 1415.

Founded in 1800, Washington Trust is the largest independent bank headquartered in Rhode Island and the oldest community Bank in the nation. Washington Trust provides commercial banking, small business banking, personal banking, mortgage banking, and wealth management and trust services to individuals and institutions throughout the Northeast. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Washington Trust is an SBA preferred lender. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Connecticut  Massachusetts  New York  Rhode Island

INDUSTRY KEYWORDS:

The …read more
Source: FULL ARTICLE at DailyFinance

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Washington Trust Promotes DiSanto to EVP, Human Resources

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By Business Wirevia The Motley Fool

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Washington Trust Promotes
 DiSanto to EVP, Human Resources

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust has announced that Kristen L. DiSanto, of South Kingstown, has been appointed Executive Vice President of Human Resources. DiSanto is responsible for leading all human resources functions, including staffing, training, organizational development and employee relations. In addition, she assists the board with executive compensation matters and SEC disclosures.

Kristen DiSanto, a URI alum, has worked for Washington Trust since 1994. She previously served Senior Vice President of Human Resources. (Photo: Business Wire)

DiSanto joined Washington Trust in 1994, and most recently served as Senior Vice President. A graduate of the University of Rhode Island, DiSanto has a Bachelor of Arts in speech communication. She is also a member of the Society for Human Resource Management and a graduate of Leadership Rhode Island. DiSanto serves on the legislative committee of the Rhode Island Business Group on Health, on the finance committee of Saint Elizabeth Community and as the Personnel Committee of the Ocean Community YMCA.

Founded in 1800, Washington Trust is the largest independent bank headquartered in Rhode Island and the oldest community Bank in the nation. Washington Trust provides commercial banking, small business banking, personal banking, mortgage banking, and wealth management and trust services to individuals and institutions throughout the Northeast. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Washington Trust is an SBA preferred lender. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Rhode Island

INDUSTRY KEYWORDS:

The article Washington Trust Promotes DiSanto to EVP, Human Resources originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights …read more
Source: FULL ARTICLE at DailyFinance

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Washington Trust Provides $6.2 Million in Financing for Downtown Providence, RI

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By Business Wirevia The Motley Fool

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Washington Trust Provides $6.2 Million in Financing for Downtown Providence, RI


Parking Lot Located in Busy Capital Center District

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust‘s Commercial Real Estate Group is pleased to announce it recently provided $6.2 million in financing to Union Station Parking LLC to assist the Marsella family in acquiring sole ownership of all parking operations at Union Station Plaza located within the Capital Center district of downtown Providence.The loan provided funds for the refinancing of a 160-space parking lot located at 150 Memorial Boulevard which is the major thoroughfare into downtown Providence. The 1.17 acre lot, adjacent to the Marsella family’s Union Station Garage, is nearby a number of restaurants in downtown Providence, including the Capital Grille, RiRa Irish Pub, Bar Louis, and Luxe Burger.

Union Station Parking, located in downtown Providence, was recently re-financed by Washington Trust. The property is close to a number of restaurants, including Bar Louis and Luxe Burger. (Photo: Business Wire)

“Union Station Parking is in a vibrant location in downtown Providence,” said Joseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer. “It offers convenient parking for office workers and anyone coming into Providence to enjoy a night out.”

The property is owned by Ron Marsella, a Rhode Island based commercial real estate developer who has more than 30 years experience developing projects. In the 1970s and 1980s Marsella implemented several urban renewal projects in downtown Providence, most notably, Capital Center.

Washington Trust‘s Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Laurel Bowerman, Vice President, Commercial Real Estate Group, 401-654-4847 or 1-800-475-2265 ext. 8247.

Founded in 1800, Washington Trust is the largest independent bank headquartered in Rhode Island and …read more
Source: FULL ARTICLE at DailyFinance

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Washington Trust Finances Historic Office Building and Nearby Parking Lots in Financial District of

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By Business Wirevia The Motley Fool

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Washington Trust Finances Historic Office Building and Nearby Parking Lots in Financial District of Providence

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust‘sCommercial Real Estate Group recently provided commercial mortgage financing to One Financial Center Plaza, LLC, a 12 story office building which is located at 10 Weybosset Street in the center of Providence, RI‘s financial district.  The property is comprised of a 128,000 square foot multi-tenanted office building and includes public lots with 170 parking spaces and an executive lot with 30 spaces.  This distinctive and historic property is well located in downtown Providence along Memorial Boulevard and the Providence River situated at the mouth of Narragansett Bay. 

One Financial Plaza (third from left, in back) has been a part of the Providence skyline since 1896. The building was recently financed by Washington Trust. (Photo: Business Wire)

Built in 1896, the building is the City of Providence’s first fireproof steel-framed “skyscraper”.  The building was originally used as a multi-tenanted office and retail building until purchased by Amica Insurance Company in the 1950s. One Financial Center Plaza, LLC purchased the property from Amica in the 1990s and under the leadership of Aram G. Garabedian, President, reconverted the property to multi-tenant office use.

“This is an exceptional property— not only is it well positioned in Providence’s Financial District, but it is has good quality interior finishes and has the ability to offer parking onsite or in nearby owned lots,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.  


Washington Trust‘s
 Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Laurel Bowerman , Vice President, Commercial Real Estate Group, 401-654-4847 or 1-800-475-2265 ext. 8247.

Founded in 1800, Washington Trust is the largest independent bank headquartered in Rhode Island and the oldest community Bank in the …read more
Source: FULL ARTICLE at DailyFinance