Washington Trust provides financing for Rhode Island Hispanic Chamber of Commerce's new headquarters
Rhea-AI Summary
Washington Trust has provided $800,000 in financing to the Rhode Island Hispanic Chamber of Commerce for the purchase of their new headquarters at 359 Broad Street in Providence, R.I. The property, known as the James Potter House, is a historic Queen Anne Mansion built in 1889 and is located in the Trinity Square National Historic District. The financing represents Washington Trust's commitment to supporting Hispanic and minority-owned businesses, while enabling the Chamber to establish a permanent presence to better serve its community.
Positive
- Secured $800,000 in new commercial lending business
- Strengthened position in Hispanic and minority business banking segment
- Enhanced community banking presence in Providence market
Negative
- None.
News Market Reaction
On the day this news was published, WASH declined 2.53%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PROVIDENCE, R.I., Dec. 17, 2024 /PRNewswire/ -- Washington Trust recently provided
The property, known as the James Potter House, an elaborate Queen Anne Mansion built c. 1889 and designed by Stone, Carpenter and Willson, is located in the Trinity Square National Historic District in the Elmwood section of
"This new headquarters is a testament to the continued growth and success of the Hispanic Chamber of Commerce in the state of RI and serves as a symbol of our unwavering commitment to serve the community and expand our reach," said Oscar Mejias, the Chamber's Chief Executive Officer. "We extend our heartfelt gratitude to those whose unwavering support and belief in our mission made this accomplishment possible."
"Washington Trust is proud to support the Rhode Island Hispanic Chamber of Commerce and its mission to be a resource center for Hispanic and minority-owned businesses," said Edward O. "Ned" Handy, Washington Trust Chairman and CEO. "We look forward to continuing to build strong relationships with the Chamber and its members, as we work together to promote and empower the growing Hispanic business community."
For more information about Washington Trust's full suite of commercial banking services, contact Jason Costa, Vice President, Business Banking at 401-654-4852 or jacosta@washtrust.com.
ABOUT
The Rhode Island Hispanic Chamber of Commerce is an organization created to represent, promote and empower our growing Hispanic business community. Incorporated, under Chapter 7-6, of the General Laws of
ABOUT
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in
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SOURCE The Washington Trust Company
FAQ
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