Washington Trust Bank

Last updated
Washington Trust Bank
FormerlyWashington Trust Company (1902-1951)
Company type Subsidiary
Founded1902;123 years ago (1902) in Spokane, Washington, U.S.
FoundersJ. Grier Long
Martin B. Connelly
R.L.Webster
Headquarters717 W Sprague Ave,
Spokane Washington
,
U.S.
Key people
Peter Q. Stanton (Executive Chairman)
John E. (Jack) Heath, III (CEO)
Kevin Blair (President)
Jim Branson (COO)
ProductsPersonal Banking, Commercial Banking, Private Banking, Home Loans, Wealth Management, Wealth Advisory, Investment Services, Trust Services
Number of employees
1,021
Parent W.T.B. Financial Corporation
Website www.watrust.com

Washington Trust Bank is an American commercial bank headquartered in Spokane, Washington and is a subsidiary of W.T.B. Financial Corporation. [1] [2] [3] It has more than 40 financial centers and offices in Washington, Idaho and Oregon with over 1,000 employees. [4] As of December 2014, the bank had assets in excess of $4.77 billion. [5]

Contents

Background

Washington Trust opened in 1902 as The Washington Trust Company. Current Executive Chairman Peter F. Stanton is the fourth generation of the Stanton family to lead the bank. [6] [7]

The bank operates offices throughout Washington, Oregon and Idaho. The first branches in Idaho opened in 1989, while the first branch in Portland opened in 2004. [4] Washington Trust also expanded to the Puget Sound region, opening offices in Seattle in 2000 and in Bellevue in 2004. [7]

W.T.B. Financial Corporation parent company of Washington Trust Bank went public on the OTC Markets in 2001, under the Ticker symbols WTBFA (Class A voting shares) and WTBFB (Class B non-voting shares). [1] [2]

Services

Services offered by the bank include personal and commercial banking, home loans, private banking, wealth management and advisory services, trust services and investment services. [8] Washington Trust has ranked first in deposits in Spokane County since 2009. [9]

References

  1. 1 2 "Investor Relations | Washington Trust Bank". www.watrust.com. Retrieved 2025-06-30.
  2. 1 2 "Institution Profile". www.ffiec.gov. Retrieved 2025-06-30.
  3. ↑ "OTC Markets | Official site of OTCQX, OTCQB and Pink Markets". www.otcmarkets.com. Retrieved 2025-06-30.
  4. 1 2 Ross, Katie (4 December 2014). "A wealth of growth in Washington Trust unit". The Spokane Journal of Business. The Spokane Journal of Business. Retrieved 9 March 2016.
  5. ↑ Forshee, Stephanie (17 April 2015). "Banks". Puget Sound Business Journal. American City Business Journals. Retrieved 15 March 2016.
  6. ↑ Parish, Linn (29 July 2004). "Carrying on a family tradition". The Spokane Journal of Business. The Spokane Journal of Business. Retrieved 5 January 2016.
  7. 1 2 "Washington Trust Bank's western exposure". Seattle Business Magazine. Tiger Oak Media. April 2014. Retrieved 5 January 2016.
  8. ↑ "Washington Trust Bank: Private Company Information". Bloomberg Businessweek. Bloomberg L.P. Retrieved 6 January 2016.
  9. ↑ Bjerken, LeAnn (8 October 2015). "Washington Trust leads Spokane County in deposits for sixth straight year". The Spokane Journal of Business. The Spokane Journal of Business. Retrieved 21 December 2015.
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