Business Excellence Awards
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By Kelly L. Anderson
PBN Staff Writer
WESTERLY – Three Washington Trust Bancorp executives, including Joseph J. MarcAurele, recently addressed their peers in the investment community, touting the financial institution’s recent successes.
Washington Trust Bancorp Inc. was invited Nov. 3-4 to visit Denver and New York to meet with members of the investment community who were interested in learning more about Washington Trust.
Chairman, President and CEO MarcAurele ; Senior Executive Vice President and Chief Financial Officer David V. Devault; and Executive Vice President Mark K. W. Gim were invited to New York by Laurie Hunsicker, managing director for Stifel Nicolaus. Hunsicker covers Washington Trust stock and sets up meetings with investors who may be interested in purchasing Washington Trust stock for their investment portfolios.
Stifel Financial Corp. is a regional brokerage and investment banking firm. The company provides securities brokerage, investment banking, trading, investment advisory, and related financial services through its wholly owned subsidiaries, primarily Stifel, Nicolaus & Co., Inc. to individual investors, professional money managers, businesses and municipalities.
“Washington Trust has a great story,” said Elizabeth Eckel, a spokeswoman for Washington Trust. “We are 211 years old, the oldest community bank in the nation. We have had good growth in recent years, despite a slow growth economy and volatile financial markets.”
Maintaining its conservative approach to credit helped Washington Trust Bancorp Inc. increase its profit 19 percent, to $7.6 million, in the third quarter 2011, compared to the previous year, and maintain a positive yet cautious outlook for the future.
The bank’s executives talked about their diversified financial services, the successful wealth management firm and the addition of a new branch in East Providence.