Washington Trust Bancorp is a bank holding company that operates through Washington Trust Company, a community bank serving Rhode Island, Connecticut, and Massachusetts with a comprehensive suite of financial services. The company generates revenue primarily through lending—comprising commercial real estate, commercial and industrial, residential real estate, and consumer loans—along with deposit products and wealth management services including investment management, financial planning, and trust services. The bank funds its lending operations through customer deposits, Federal Home Loan Bank advances, and investment securities, competing on interest rates, service quality, and digital accessibility against commercial banks, credit unions, and fintech companies across southern New England.