Washington Trust Named Rhode Island's Best-In-State Bank by Forbes for Seventh Year

Rhea-AI Summary

Washington Trust (NASDAQ:WASH) has been named Rhode Island's Best-In-State Bank by Forbes for the seventh consecutive year in 2025, marking their third straight year at #1. The recognition comes from Forbes' annual evaluation conducted with Statista, based on surveys of over 26,000 U.S. consumers.

The assessment criteria included customer satisfaction, trust, fees, digital services, and financial advice. Chairman and CEO Edward O. "Ned" Handy III highlighted the bank's 225-year history of delivering exceptional banking experiences through a combination of innovative technology and personalized service.

Positive

• Ranked #1 Best-In-State Bank in Rhode Island for third consecutive year
• Seven consecutive years on Forbes Best-In-State Banks list
• Strong customer satisfaction and trust metrics in independent survey
• 225-year track record of customer service and stability

Negative

• None.

News Market Reaction

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+0.83% News Effect

On the day this news was published, WASH gained 0.83%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WESTERLY, R.I., June 24, 2025 /PRNewswire/ -- Washington Trust has been recognized as Rhode Island's Best-In-State Bank for 2025 by Forbes, marking the seventh consecutive year the bank has appeared on the list, and the third consecutive year they have been ranked #1.

The annual Forbes Best-In-State Banks list, compiled in partnership with market research firm Statista, evaluates financial institutions based on customer satisfaction, trust, fees, digital services, and financial advice.

"We are deeply honored to be named Rhode Island's Best-In-State Bank again this year," said Edward O. "Ned" Handy III, Washington Trust Chairman and CEO. "This recognition reflects the Bank's two and a quarter centuries of unwavering commitment to delivering exceptional banking experiences, fostering trust, and supporting the financial wellbeing of our customers and communities. By combining innovative technology for convenience and accessibility, with the personalized service of our dedicated team, we strive to meet the evolving needs of those we serve. We thank our employees for their hard work, and our customers for their continued loyalty that has endured for 225 years."

Forbes' 2025 ranking methodology included surveys of more than 26,000 U.S. consumers, assessing banks on criteria such as customer service, trustworthiness, accessibility, and transparency. Washington Trust's consistent dedication to personalized service, innovative digital solutions, and community engagement has solidified its position as a leader in Rhode Island's banking sector.

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

What recognition did Washington Trust (WASH) receive from Forbes in 2025?

Washington Trust was named Rhode Island's Best-In-State Bank by Forbes for the seventh consecutive year, ranking #1 for the third straight year.

How does Forbes determine the Best-In-State Banks rankings for 2025?

Forbes partners with Statista to survey over 26,000 U.S. consumers, evaluating banks on customer satisfaction, trust, fees, digital services, and financial advice.

How long has Washington Trust been in operation?

Washington Trust has been operating for 225 years, demonstrating a long-standing commitment to customer service and community banking.

Who is the current CEO of Washington Trust (WASH)?

Edward O. 'Ned' Handy III serves as the Chairman and CEO of Washington Trust.

What are the key factors that contributed to Washington Trust's top ranking?

The bank's success is attributed to its combination of innovative technology, personalized service, customer trust, and community engagement.