Updated February 28 at 10:26am

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financial services

Washington Trust opens new loan center

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WARWICK – Washington Trust has opened a new mortgage-loan production office located at 171 Service Ave., in Warwick. Mortgage loan processing and underwriting will be done on-site allowing for a faster and more efficient service. The bank announced the addition March 19.

The office is managed by longtime Rhode Island mortgage professional Al Grant and his team of experienced mortgage specialists. The bank also announced it is committed to substantially increasing its lending to Rhode Island homeowners by originating more than $300 million in mortgage loans in the Ocean State. The Bank is also plans on hiring 12 mortgage lending professionals to work in its expanding mortgage area.

“Rhode Island is our home and Washington Trust is committed to helping Rhode Islanders with their mortgage needs,” said Joseph J. MarcAurele, Washington Trust chairman, president and CEO. “Our new Warwick mortgage office is centrally located within the state, so it is convenient for homeowners seeking mortgage advice, competitive loan products, and outstanding personal service.”

Washington Trust, Joseph J. MarcAurele, Washington Trust chairman, president and CEO, mortgage-loan production¸

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