The Washington Trust Company hires two vice presidents for commercial banking team
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.
Positive
- None.
Negative
- None.
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.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 28 | Board appointment | Positive | -3.0% | Election of Jeffrey M. Wilhelm to company and bank boards. |
| Apr 20 | Quarterly earnings | Positive | -16.9% | Q1 2026 results with net income, EPS growth and dividend declaration. |
| Apr 09 | Earnings call notice | Neutral | +2.1% | Announcement of Q1 2026 earnings release, conference call, and webcast timing. |
| Mar 19 | Dividend declaration | Positive | +0.7% | Quarterly cash dividend of $0.56 per share for March 31, 2026. |
| Feb 09 | Annual meeting notice | Neutral | -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.
Recent news with generally constructive tone (board changes, earnings, dividends) has sometimes seen negative price reactions, especially around earnings and governance updates.
Over the past few months, Washington Trust has focused on governance, capital returns, and earnings communication. A Feb 9 notice set its virtual annual meeting for Apr 28, 2026. The bank maintained a quarterly dividend of $0.56 per share on Mar 19. Q1 2026 results on Apr 20 reported net income of $12.6M and EPS of $0.66, yet the stock fell 16.9%. A director election on Apr 28 also saw a negative reaction, showing occasional divergence between news tone and price moves.
Key Terms
sba lending regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
"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
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
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