The Washington Trust Company hires two vice presidents for commercial banking team

The Washington Trust Company (NASDAQ:WASH) on May 1, 2026 hired two vice presidents for its commercial banking team: Daniel Hagerty and Thomas Quinlan.

Rhea-AI Summary

The Washington Trust Company (NASDAQ:WASH) on May 1, 2026 hired two vice presidents for its commercial banking team: Daniel Hagerty and Thomas Quinlan. Both join to serve regional businesses with tailored commercial and industrial lending, deposit, cash‑management, SBA lending, portfolio management and advisory services.

The hires emphasize expanded commercial lending and client relationship capabilities across the region.

Argus May 1 session

+1.62% close to close Open Argus

Details

News Market Reaction – WASH

In the May 1 session, WASH gained 1.62%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights expansion of Washington Trust’s commercial banking leadership, adding e...

Analysis

This announcement highlights expansion of Washington Trust’s commercial banking leadership, adding experience in C&I lending, SBA lending, and cash‑management solutions. In recent months the bank reported Q1 2026 net income of $12.6M, maintained a $0.56 quarterly dividend, and elected a new director. Investors may watch how these hires influence loan growth, credit quality, and business relationships relative to recent earnings trends and governance developments.

Key Figures

Banking experience: more than 35 years Banking tenure: more than two decades

Banking experience

more than 35 years

Daniel Hagerty’s background in commercial banking

Banking tenure

more than two decades

Thomas Quinlan’s experience in business and commercial banking

Historical Context

5 past events · Latest: Apr 28

5 events

1. Apr 28

   Board appointment

   24h Move

   -3.0%

   Election of Jeffrey M. Wilhelm to company and bank boards.

2. Apr 20

   Quarterly earnings

   24h Move

   -16.9%

   Q1 2026 results with net income, EPS growth and dividend declaration.

3. Apr 09

   Earnings call notice

   24h Move

   +2.1%

   Announcement of Q1 2026 earnings release, conference call, and webcast timing.

4. Mar 19

   Dividend declaration

   24h Move

   +0.7%

   Quarterly cash dividend of $0.56 per share for March 31, 2026.

5. Feb 09

   Annual meeting notice

   24h Move

   -0.3%

   Announcement of virtual 2026 Annual Meeting of Shareholders date and eligibility.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

sba lending

1 terms

sba lending regulatory

"including SBA lending, portfolio management, and relationship development."

SBA lending consists of loans that are partially guaranteed by the U.S. Small Business Administration, making it easier for small businesses to get financing from banks and other lenders. Think of the government guarantee as a safety net that encourages lenders to make loans they might otherwise avoid; investors watch SBA lending because it supports small-business growth, reduces default risk for lenders, and can affect the loan portfolios and earnings of banks and funds that participate.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WESTERLY, R.I., May 1, 2026 /PRNewswire/ -- Two seasoned commercial bankers recently joined The Washington Trust Company (Washington Trust) to serve the lending, banking and advisory needs of businesses throughout the region.

Daniel Hagerty is vice president, commercial banking, focusing on providing tailored financing solutions for commercial and industrial (C&I) needs. He has more than 35 years of banking experience, with a background spanning commercial lending, credit administration, and market leadership. Most recently he managed complex loan portfolios for a Massachusetts-headquartered bank, structuring and negotiating credit facilities, and working closely with business owners to support growth while maintaining strong credit quality. 

Thomas Quinlan is vice president, commercial banking, focusing on providing small and mid‑sized businesses with lending, deposit, and cash‑management solutions. Most recently he was a commercial lender for a Massachusetts-headquartered bank, where he focused on C&I loans. Quinlan has more than two decades of experience in business and commercial banking, including SBA lending, portfolio management, and relationship development. His career reflects a strong emphasis on helping businesses navigate financing needs and achieve long‑term success.

"Dan and Tom are strong additions to Washington Trust's commercial banking team, bringing extensive experience and proven ability to deliver customized solutions for business clients," said Jim Brown, Washington Trust senior executive vice president and chief commercial banking officer. "Their deep industry knowledge, long-standing relationships, and commitment to exceptional client service are valuable assets as we continue to support the growth and financing needs of businesses throughout the region." 

ABOUT THE WASHINGTON TRUST COMPANY^®
Founded in 1800, The Washington Trust Company ("Washington Trust") is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. In 2025, Washington Trust reached a milestone of 225 years in operation, marking its commitment to helping the people, businesses, and organizations of New England improve their financial lives. The Bank offers a wide range of commercial banking, mortgage banking, personal banking and wealth management services through its offices in Rhode Island, Connecticut and Massachusetts and a full suite of convenient digital tools. Washington Trust is a member of the FDIC and an equal housing lender. Washington Trust is a subsidiary of Washington Trust Bancorp, Inc., a publicly-owned holding company which trades on NASDAQ: WASH. For more information, visit the Bank's website at www.washtrust.com or the Corporation's website at ir.washtrust.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-washington-trust-company-hires-two-vice-presidents-for-commercial-banking-team-302760379.html

SOURCE The Washington Trust Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who did The Washington Trust Company (WASH) hire for its commercial banking team on May 1, 2026?

Direct answer: Washington Trust hired Daniel Hagerty and Thomas Quinlan as vice presidents in commercial banking. According to Washington Trust, Hagerty brings 35+ years in commercial lending and credit administration, and Quinlan brings two decades of experience including SBA lending and portfolio management.

What roles will Daniel Hagerty and Thomas Quinlan perform at Washington Trust (WASH)?

Direct answer: Both serve as vice presidents focused on commercial banking and client lending solutions. According to Washington Trust, Hagerty will focus on C&I financing and complex credit facilities while Quinlan will focus on lending, deposits and cash‑management for small and mid‑sized businesses.

How does Washington Trust (WASH) describe the experience of its new commercial banking hires?

Direct answer: Washington Trust describes both hires as seasoned bankers with decades of experience. According to Washington Trust, Hagerty has more than 35 years in lending and credit administration; Quinlan has over 20 years including SBA lending and relationship development.

When did Washington Trust (WASH) announce the commercial banking hires and where are they based?

Direct answer: The announcement was made on May 1, 2026 and originates from Westerly, Rhode Island. According to Washington Trust, the hires will support businesses throughout the region with lending and advisory services from the bank's commercial team.

What types of clients and solutions will the new Washington Trust (WASH) vice presidents support?

Direct answer: They will support commercial, industrial, small and mid‑sized business clients with financing and cash solutions. According to Washington Trust, services include C&I loans, SBA lending, deposit and cash‑management solutions, and structuring negotiated credit facilities.