The Washington Trust Company, Of Westerly
FDIC #23623
📍 Westerly, Rhode Island
The Washington Trust Company, Of Westerly is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1800. With assets of $7.18 Billion, it operates 30 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
May 1, 2024
Satisfactory
January 1, 2020
Satisfactory
September 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$7.18 Billion
Total Deposits$5.43 Billion
Equity Capital$447.01 Million
Net Income$36.52 Million
📈 Performance
ROA0.70%
ROE10.58%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1800
FDIC Cert23623
Holding CoWashington Trust Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 6:00 PM
Saturday8:30 AM - 12:00 PM
SundayClosed
📜 Institutional History
2017
Name Change
Name became: Changed Institution Name To The Washington Trust Company, Of Westerly.
2002
Merger / Acquisition
Acquired: First Bank And Trust Company
1999
Merger / Acquisition
Acquired: Pierbank