WESTERLY – The Washington Trust Co. reported that it has provided commercial mortgage financing to EP Apartments LLC to acquire 42 units at East Pointe Condominiums, a Waterbury, Conn., complex with 64 units.
The bank also announced that it is bringing back its program supporting customers who like to go to the beach. Anyone who opens a new checking account with the bank with a $50 recurring deposit will receive a free season pass to Rhode Island state beaches.
“Our ‘I Luv RI’ campaign celebrates everything that’s great about Rhode Island,” said bank Chairman, President and CEO Joseph J. MarcAurele. “What better way to share our love of the Ocean State than provide people with an opportunity to obtain free beach passes?”
In addition, Washington Trust Bancorp Inc., parent of The Washington Trust Company, has declared a quarterly dividend of 25 cents per share for the quarter ended March 31.
The dividend represents a 1 cent increase over the last quarter.
It will be paid on April 12 to shareholders of record on April 1. It is Washington Trust’s third 1 cent dividend increase in the past four quarters.