NEW: Washington Trust Named To Bank Director Scorecard
Wednesday, October 03, 2012
Washington Trust Bancorp, Inc., the parent company of The Washington Trust Company, announced that it has once again been selected by Bank Director 2012 Annual Bank Performance Scorecard, as one of the top banks in the United States. The scoring was based on 2011 performance and Washington Trust was ranked 42nd out of 195 financial institutions in the $1 billion to $5 billion category. Washington Trust was also selected in 2011 by Bank Director for its 2010 performance. In both years, Washington Trust was the only Rhode Island bank to earn this recognition.
“Washington Trust has a solid track record and we are proud to be recognized once again by Bank Director for our performance,” said Joseph J. MarcAurele, Chairman, President and CEO of Washington Trust.
Bank Director Scorecard
The scorecard is a ranking of publicly owned U.S. banks and thrifts that are listed on the NASDAQ OMX and NYSE EURONEXT stock exchanges. The 2012 Bank Performance Scorecard uses five key metrics that measure profitability (core return on average assets and core return on average equity); capital strength (ratio of tangible common equity to tangible assets); and asset quality (ratio of nonperforming assets to loans and real estate owned, and the ratio of net charge offs to average loans).
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTIn recent years, Washington Trust was named as one of top 25 small-cap institutions in the United States by Sandler O’Neill + Partners “2011 Bank and Thrift Sm-All-Stars” and was selected to the “2011 Bank Honor Roll” of superior performers by Keefe Bruyette & Woods, Inc.
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