Former RBS Citizens Banker to Lead Rhode Island Bank's Commercial Lending Division

WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust has announced that James M. Hagerty, of Warwick, R.I., has been appointed Executive Vice President Commercial Lending and Chief Lending Officer, replacing James M. Vesey who retired at the end of June after a 40-year Rhode Island banking career. Hagerty will oversee all commercial banking activities including commercial and industrial lending, commercial real estate lending, cash management and related commercial banking activities. His office is located at Washington Trusts Main Office in Westerly, R.I.

James M. Hagerty EVP Commercial Lending and Chief Credit Officer Washington Trust (Photo: Business Wire)

Prior to joining Washington Trust (WASH), Hagerty served as the Rhode Island Regional Manager at RBS Citizens Bank, where he was responsible for managing middle market and not-for-profit business in Rhode Island. In addition, Hagerty also more than 13 years of commercial lending experience with BankBoston with specialization in healthcare, energy, public finance and education. Prior to his banking career, Hagerty served as Finance Director for the City of Warwick.

A graduate of Providence College, Hagerty holds a Bachelor of Science in Accounting and a Masters of Business Administration from the University of Rhode Island. He is also a member of the American Institute of Certified Public Accountants and the Rhode Island Society of Certified Public Accountants.

Hagerty serves on the boards of the Rhode Island Clean Water Finance Agency, the Boys and Girls Club of Warwick, the Rhode Island Public Health Institute and Amos House. Additionally, he serves on the Finance Committee of the Providence Public Library, Care New England, and Saint Rose and Clement Parish, as well as the Executive Committee of the Anchor of Hope Fund.

The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $3 billion corporation headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. A state-chartered bank, Washington Trust offers a full range of financial services, including commercial banking, small business banking, personal banking, and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporations common stock trades on The NASDAQ Global Select® Stock Market under the symbol WASH. Web site address: www.washtrust.com.

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Washington Trust
Elizabeth B. Eckel, 401-348-1309
Senior Vice President, Marketing and Investor Relations
ebeckel@washtrust.com

Source: Washington Trust Bancorp, Inc.

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