Washington Trust named top performing midsized bank in N.E.

WESTERLY – American Banker, a financial services trade publication, last month named Washington Trust Bancorp the top performing midsized bank in New England and 34th in the nation.
The ranking, based on three-year return on average equity, shows that banks with assets of $2 billion to $10 billion have been more profitable than financial institutions of larger and smaller sizes, especially since the Dodd-Frank Act passed in 2010.

The newspaper looked at the finances of holding companies, banks and thrifts as of Dec. 31, 2015. Westerly-based Washington Trust reported an 11.8 percent three-year return on average equity, ranking No. 34 out of 217 financial institutions and best in New England.
Others New England midsized financial institutions include:

  • No. 38, Institution for Savings, Newburyport, Mass.
  • No. 39, Century Bancorp, Medford, Mass.
  • No. 55, Boston Private Financial, Boston
  • No. 57, Merchants Bankshares, South Burlington, Vt.
  • No. 89, Enterprise Bancorp, Lowell, Mass.
  • No. 92, Camden National Corp., Camden, Mass.
  • No. 95, Independent Bank Corp., Rockland, Mass.
  • No. 108, Commerce Bancshares, Worcester, Mass.
  • No. 147, Salem Five Bancorp, Salem, Mass.
  • No. 150, Brookline Bancorp, Boston
  • No. 160, Bangor Bancorp, Bangor, Maine
  • No. 168, Green Bancorp, Cambridge, Mass.
  • No. 170, Middlesex Bancorp, Natick, Mass.
  • No. 171, Berkshire Hills Bancorp, Pittsfield, Mass.
  • No. 176, Cape Cod Five Mutual Co., Orleans, Mass.
  • No. 177, Meridian Bancorp, Peabody, Mass.
  • No. 185, Eastern Bank Corp., Boston
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