Washington Trust Employees Build Welcome Home Kits to Benefit Crossroads RI

Rhea-AI Summary

Washington Trust employees have assembled and donated 35 'Welcome Home Kits' valued at over $4,000 to support Crossroads Rhode Island clients transitioning from homelessness to stable housing. More than 100 employees, including top executives, participated in this initiative. The kits contain essential personal care items and household supplies for new apartment residents.

Additionally, the company has pledged a $50,000 grant to support Crossroads' 'Roads to Home' capital campaign, which aims to create nearly 300 affordable permanent supportive apartments for formerly homeless adults across three buildings in Providence.

Positive

• Committed $50,000 grant to support affordable housing development project

Negative

• None.

News Market Reaction

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-1.09% News Effect

On the day this news was published, WASH declined 1.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WESTERLY, R.I., Feb. 6, 2025 /PRNewswire/ -- Washington Trust employees recently built and donated 35 "Welcome Home Kits" to benefit Crossroads Rhode Island clients who are transitioning from homelessness to stable housing. The kits, valued at more than $4,000, contain personal care items and basic household supplies, and are presented to clients to help them get settled into their new apartments.

More than 100 Washington Trust employees participated in the collection drive and kit assembly effort, including Chairman and Chief Executive Officer, Edward O. "Ned" Handy III, and President & Chief Operating Officer, Mary Noons.

"Washington Trust remains committed to supporting programs that provide resources to individuals and families who are seeking safe and affordable housing options, especially in the midst of the current housing crisis in Rhode Island," said Mary Noons, President and Chief Operating Officer at Washington Trust. Adding, "Our employees care deeply about their local communities, and we're proud of this effort to support Crossroads' mission."

"Many of the unhoused people that we serve come to us with little more than the clothes on their backs," said Laura Calenda, Crossroads Chief Marketing & Philanthropy Officer. "Thanks to the generosity of Washington Trust, we will be able to provide 35 households with essential items like paper products, toiletries, and cleaning supplies to help with the transition into new homes. We are grateful for our continued partnership."

Washington Trust has also committed a $50,000 grant to support Crossroads' 'Roads to Home' capital campaign that will create nearly 300 affordable permanent supportive apartments for formerly homeless adults in three different buildings in Providence.

ABOUT WASHINGTON TRUST^®

Founded in 1800, 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. Washington Trust values its role as a community bank and is committed 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.

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SOURCE The Washington Trust Company

FAQ

How much did Washington Trust (WASH) commit to Crossroads' Roads to Home campaign?

Washington Trust committed a $50,000 grant to support Crossroads' Roads to Home capital campaign for creating affordable supportive housing in Providence.

How many Welcome Home Kits did Washington Trust employees donate to Crossroads RI?

Washington Trust employees donated 35 Welcome Home Kits, valued at more than $4,000, to Crossroads Rhode Island.

How many affordable housing units will the Crossroads Roads to Home campaign create with WASH support?

The Roads to Home campaign aims to create nearly 300 affordable permanent supportive apartments across three buildings in Providence.

How many Washington Trust employees participated in the Welcome Home Kits initiative?

More than 100 Washington Trust employees participated in the collection drive and kit assembly effort, including senior executives.