Washington Trust Bancorp (WASH) Misses Q2 EPS by 2c

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Washington Trust Reports Second Quarter 2016 Earnings

July 25, 2016 4:06 PM EDT

WESTERLY, R.I., July 25, 2016 (GLOBE NEWSWIRE) -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced net income of $11.1 million, or $0.64 per diluted share, for the second quarter of 2016, compared to net income of $10.9 million, or $0.64 per diluted share, reported for the first quarter of 2016. 

"Washington Trust posted solid second quarter earnings in a challenging economic environment," stated Joseph J. MarcAurele, Washington Trust Chairman and CEO.  "Total loans reached a record level, as a result of strong commercial loan and residential mortgage activity during the quarter. ... More

Washington Trust Expands Massachusetts Presence

July 25, 2016 9:29 AM EDT

WESTERLY, R.I., July 25, 2016 (GLOBE NEWSWIRE) -- Washington Trust today announced the opening of its new mortgage production office located at 62 Walnut Street, 3rd Floor, in Wellesley, Massachusetts. The office is managed by Washington Trust Mortgage Company Vice President and Regional Manager... More