Washington Trust Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023
January 24, 2024 at 04:05 pm EST
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Washington Trust Bancorp, Inc. reported net charge-offs for the fourth quarter ended December 31, 2023. In the fourth quarter of 2023, net charge-offs of $406,000 were recognized, compared to $30,000 in the preceding quarter.
Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedentsâ estates; and institutional trust services, including custody and fiduciary services.
WASHINGTON TRUST BANCORP, INC. 
