Washington Trust's 29th branch is coming to Pawtucket, R.I. next year

Rhea-AI Summary

Washington Trust (NASDAQ:WASH) will open a new full-service retail branch at 433 Broadway, Pawtucket, RI, planned for fall 2026. This will be the Bank's 29th branch and aims to expand presence in northern Rhode Island and improve access to deposit, mortgage, business banking, wealth management, and trust services.

The site is under a quarter mile from I-95 ramps and adjacent to a RIPTA bus stop. The move is presented as part of the bank's community investment in a revitalizing Pawtucket.

News Market Reaction

+0.03%

1 alert

+0.03% News Effect

On the day this news was published, WASH gained 0.03%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Branch count: 29th branch Branch address: 433 Broadway Opening timing: Fall 2026 +3 more

6 metrics

Branch count 29th branch New Pawtucket full-service retail location

Branch address 433 Broadway Location of new Pawtucket, Rhode Island branch

Opening timing Fall 2026 Anticipated opening of Pawtucket branch

Distance to I‑95 ramps Less than a quarter mile Proximity of new branch to Interstate 95 access

Company age More than 225 years Washington Trust history since founding in 1800

U.S. anniversary 250th anniversary in 2026 National milestone referenced in connection with opening

Market Reality Check

Price: $35.72 Vol: Volume 111,463 is 12% abo...

normal vol

$35.72 Last Close

Volume Volume 111,463 is 12% above the 20-day average of 99,081 ahead of this branch news. normal

Technical Shares at $30.78 are trading above the 200-day MA of $28.56 before this announcement.

Peers on Argus

WASH was down 0.32% pre-news, while peers showed mixed moves: HONE -1.79%, EGBN ...

WASH was down 0.32% pre-news, while peers showed mixed moves: HONE -1.79%, EGBN -0.97%, SHBI -0.42%, IBCP -0.46%, and BHB +0.30%. The mixed peer action and empty momentum scanner suggest this branch expansion is more company-specific than part of a broad sector move.

Historical Context

5 past events · Latest: Dec 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Wealth team expansion	Positive	+0.2%	Added five senior wealth professionals and reinforced earlier 2025 hires and deal.
Nov 18	CRE financing deal	Positive	+0.1%	Provided <b>$12.4 million</b> financing for a stabilized Norwalk, CT retail plaza.
Nov 14	Product offering update	Positive	+0.1%	Added Clover solutions to broaden merchant payment options for business clients.
Nov 12	Workplace award	Positive	-0.4%	Named one of American Banker’s 2025 Best Banks to Work For in the U.S.
Oct 20	Q3 2025 earnings	Neutral	+3.8%	Reported Q3 net income <b>$10.8M</b>, EPS <b>$0.56</b>, higher NII and credit costs.

Pattern Detected

Recent corporate and franchise-building announcements have generally seen small, positive price reactions, with one divergence on reputational recognition news.

Recent Company History

Over the last few months, Washington Trust has focused on franchise and capability expansion. On Oct 20, 2025, Q3 results showed steady profitability, higher net interest income, and a $0.56 dividend. Subsequent news highlighted a “Best Banks to Work For” recognition, new business banking tools via Clover, a $12.4 million commercial real estate financing, and expansion of the wealth management team including an acquisition with $190 million in assets under management. The new Pawtucket branch continues this pattern of incremental growth and market presence expansion in its core region.

Market Pulse Summary

This announcement highlights Washington Trust’s continued franchise build-out with a new full-servic...

Analysis

This announcement highlights Washington Trust’s continued franchise build-out with a new full-service branch in Pawtucket, its 29th location, targeted for opening in fall 2026. The site sits near Interstate 95 access and public transit, supporting in-person banking demand in a growing community. In the context of recent lending, wealth management expansion, and steady profitability, this move extends the bank’s physical presence in its core Rhode Island market. Investors may watch how deposit growth and local loan activity evolve around the new branch.

AI-generated analysis. Not financial advice.

WESTERLY, R.I., Dec. 15, 2025 /PRNewswire/ -- Washington Trust will add a new full-service retail branch at 433 Broadway in Pawtucket, Rhode Island, with an anticipated opening in fall 2026. The new location—the Bank's 29^th branch—represents a strategic move to expand Washington Trust's presence in northern Rhode Island and expand access to financial services in one of the state's fastest growing communities.

The Pawtucket branch location is on a main thoroughfare less than a quarter mile from on- and off-ramps to Interstate 95, and immediately next to a RIPTA bus stop. It will offer a comprehensive suite of financial solutions, including deposit products and services, mortgage and home equity loans, business banking solutions, and wealth management and trust services. Establishing a physical presence in this key market underscores Washington Trust's commitment to meeting customers where they are and supporting the economic vitality of the region.

Pawtucket is home to Slater Mill, widely regarded as the birthplace of America's Industrial Revolution, and today many of the city's historic mills have been redeveloped into housing, supporting a revitalization of the area. Washington Trust, founded in 1800, shares a similar legacy of progress, having served Rhode Islanders for more than 225 years. As the nation prepares to celebrate its 250th anniversary in 2026, the opening of this branch reflects Washington Trust's ongoing commitment to growth and community investment in Rhode Island.

"We are excited to have a physical presence in Pawtucket that gives customers who want to bank in person convenient access to the resources they need, whether that's trusted financial advice, a loan to buy a home or grow a business, or an account to save for the future," said Washington Trust Chairman and CEO Edward O. "Ned" Handy. "We look forward to being part of the community and a good neighbor for many years to come." 

For more information about Washington Trust and its services, visit washtrust.com.

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. 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/washington-trusts-29th-branch-is-coming-to-pawtucket-ri-next-year-302642353.html

SOURCE The Washington Trust Company

FAQ

When will Washington Trust (WASH) open its Pawtucket branch at 433 Broadway?

Washington Trust plans to open the Pawtucket branch in fall 2026.

What services will the new Washington Trust (WASH) Pawtucket branch offer?

The branch will offer deposit products, mortgage and home equity loans, business banking, and wealth management and trust services.

How many branches will Washington Trust (WASH) have after the Pawtucket opening?

The Pawtucket location will be the bank's 29th branch.

Where is the Pawtucket Washington Trust (WASH) branch located relative to highways and transit?

The site at 433 Broadway is under a quarter mile from I-95 on/off ramps and located immediately next to a RIPTA bus stop.

Why is Washington Trust (WASH) opening a branch in Pawtucket, RI?

The bank says the branch expands its presence in northern Rhode Island and increases access to financial services in a fast-growing, revitalizing community.

How can customers learn more about Washington Trust (WASH) services near the Pawtucket branch?

Customers can visit washtrust.com for more information about services and branch details.