Washington Trust Announces Balance Sheet Repositioning

WESTERLY, R.I., Dec. 20, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced Bank balance sheet repositioning transactions to support continued organic growth and capital generation. "Like many banks, we have been carrying low-yielding assets on our balance sheet following rapid increases in interest rates over the past few years.  These assets have been earning interest below curren ...