Washington Trust Bank
| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Founded | 1902 |
| Headquarters | Spokane, Washington , United States |
Area served | Washington, Idaho, Oregon |
Key people | Peter F. Stanton (Executive Chairman) |
| Products | Personal and business banking, mortgage lending, private banking, wealth management and advisory services, trust administration, investment products |
Number of employees | 1000+ |
| Parent | W.T.B. Financial Corporation |
Washington Trust Bank is a commercial banking institution based in Spokane, Washington, functioning as a subsidiary of W.T.B. Financial Corporation. The bank operates more than 40 branches throughout Washington, Idaho, and Oregon, employing over 1,000 staff members. By the end of 2014, its total assets had grown beyond $4.77 billion.
Background
Established in 1902 under the name The Washington Trust Company, the bank is currently overseen by Executive Chairman Peter F. Stanton, representing the fourth generation of the Stanton family to lead the organization.
Washington Trust has broadened its footprint across Washington, Oregon, and Idaho. It launched its initial branches in Idaho in 1989 and expanded into the Portland area in 2004. Growth within the Puget Sound region included opening offices in Seattle in 2000 and Bellevue in 2004.
The parent entity, W.T.B. Financial Corporation, became publicly traded on the OTC Markets in 2001, with Class A voting shares listed as WTBFA and Class B non-voting shares as WTBFB.
Services
Washington Trust provides a range of offerings including personal and business banking, mortgage lending, private banking, wealth management and advisory services, trust administration, and investment products. Since 2009, it has consistently held the leading position for deposits within Spokane County, highlighting its significant market influence.