W.T.B. Financial Corporation operates as the bank holding company for Washington Trust Bank that provides banking, fiduciary, asset management, mortgage banking, and other financial services to corporate and individual customers. The company's deposit products include checking, savings and money market, health savings, individual retirement, and analyzed accounts, as well as certificates of deposit. It also offers credit and debit cards; home, auto, boat, motorcycle, motor home, home equity, equipment, debt refinancing, term, and agriculture loans; and SBA and commercial real estate financing products, as well as revolving, personal, and home equity lines of credit. In addition, the company provides investment products and services, such as retirement planning, mutual funds, stocks/bonds, life/long-term care insurance, annuities, brokerage, planning, and education funding. Further, it offers wealth management services consisting of investment management, charitable and nonprofit administration, estate settlement, family office, trust administration, retirement planning, employee benefits administration, and custody services, as well as portfolio management services. Additionally, the company provides digital wallets; remote deposit, merchant, treasury management, private banking, and online and mobile banking services; and documentary and standby letters of credit, documentary collection, foreign exchange products, foreign accounts receivable insurance, and SBA export loan guaranty programs. It operates through 42 branches and offices in Washington, Idaho, and Oregon. The company was founded in 1902 and is headquartered in Spokane, Washington.

W.T.B. Financial Corporation

Community driven. Fun. Energetic. Relationship centric. Most likely, when you think of the banking industry these are not terms that come to mind. Washington Trust Bank is different, and we are proud of that difference. We are enthusiastic and passionate about providing rewarding careers and excited about building relationships in the communities we serve.  

We’re an equal opportunity employer offering a comprehensive benefits program and pride ourselves on being an excellent place to work, meeting the financial needs of our individual, business and wealth management clients.

Washington Trust Bank

Making an end-of-year donation? Don't get stung by a charity scam! This time of year, fraudsters often attempt to intercept charitable transactions by impersonating a person in need or an organization offering help. Nonprofit organizations and charities are common targets. Here's what to do to remain on the lookout for these types of scams:

-Verify the organization you are donating to by using resources like www.charitynavigator.org (Charity Navigator) www.give.org (BBB Wise Giving Alliance).

-Double check for misspellings in web addresses, names and other information appearing on a web page. For example, look for the .org extension on a website instead of a .com extension.
 
-Use third-party payment services like PayPal or a credit card to complete transactions. That way, it will be easier to stop, reverse or track your transaction if fraud is suspected.

-Avoid donating on sites like GoFundMe, where anyone can set up a fundraising request without clear, verified identification.

Visit www.watrust.com/security for more cybersecurity tips.

Gearing up for 2024, business leaders are paying close attention to the commercial real estate market. In an article with Portland Business Journal, Alisa Johnston, senior vice president and commercial banking team leader for Washington Trust Bank, makes predictions for the new year, discusses some of the challenges facing the industry, and offers advice for businesses and building operators anticipating a fresh start. Read more:

What's it like to work with a Washington Trust Bank home loan team member? With competitive rates, no hidden fees and a local team ready to help, the only decision left is which mortgage option is right for you.

Learn more: https://lnkd.in/guy6F-BP.

- with Jeff Berglund

Online purchase scams are on the rise! Have you seen a deal that seems too good to be true? That just might be the case. Some scammers will attempt to steal your money directly by posting fake websites that ask for your credit card or other payment or personal information. To avoid online purchase scams, verify the seller by checking the review on a product or by seeing if you can find the same deal multiple ways (such as a Google search in addition to that Facebook ad). You can also use the Better Business Bureau's online scam tracker at www.bbb.org/scamtracker to verify a website's link, sales and return policy before you make a purchase. 

For more cybersecurity tips, visit www.watrust.com/security.

Robert Harvie has joined Washington Trust Bank's Commercial Banking team in Bellevue! With over 20 years of financial industry experience, Robert “Harv” Harvie will serve as Senior Vice President and Commercial Banking Team Leader. In this role, Harv will lead our team of relationship managers and build upon our ability to serve as a financial partner for commercial clients. 

With his commercial banking leadership and experience, the addition of Harv to the team will allow Washington Trust to continue its organic growth and expansion in the east Puget Sound region.

Having spent most of his career in western Washington, Harv has close ties to the area and a passion for building relationships with clients to help them achieve their goals. Outside the office, he enjoys giving back to the community and serves as a board member for Boys & Girls Clubs of Bellevue.

Harv graduated from Western Washington University in Bellingham, where he earned a bachelor's degree in business administration with an emphasis in management. 

Welcome to the team, Harv!

While the holiday season is one of joy and giving, it's important to remember that fraudsters never take a day off. Modern-day grinches are out there, and they'll do their best to steal your season's greetings.

As a proactive financial partner for the Northwest, Washington Trust Bank’s holiday wish is to keep you and your money safe from criminals. We'll be highlighting some of the most common scams we see this time of year and sharing tips for how to avoid them, beginning with package delivery scams.

In addition to those pesky porch pirates – the ones who'll swipe a box right in front of your door – cybercriminals may attempt to impersonate Santa by sending fake package delivery emails, redirection requests, tracking links and more. They're really after your personal information and will ask you to verify details such as your name and address. 

Suspicious links can direct you to phishing sites or even install malware on your computer. According to the Federal Trade Commission, package delivery scams were one of the top-reported text scams in 2022. 

Here are a few tips for avoiding package delivery scams this year:

1. Verify the Sender – Make sure the email, phone number, text, or website you are being directed to is legitimate. Double check links against verified web addresses from your web browser before you click, and don't forget to first hover your mouse over the link. This will tell you where the link is really sending you. Do not assume Caller ID is valid! Information like phone numbers and email addresses can usually be verified on legitimate websites or with the company’s customer service team.

2. Beware of Red Flags – Unusual links, errors in spelling, grammar, or claims of transactions on your accounts with pressure tactics like, “URGENT: Reply Now” are all indicators that the message is likely a scam. 

3. Never Provide Sensitive Information – Legitimate businesses like delivery and fulfilment services will never ask you for personal information over the phone or email. If you get a call requesting sensitive information, hang up and call the number on the website or the one that’s provided on your order receipt or statement.

For more cybersecurity tips, visit www.watrust.com/security.

Are your gifts sitting under a real or artificial tree? Banks never ask that! Remember: any text you get asking for personal information is faker than any tree could ever be. For more fraud prevention advice, visit www.watrust.com/security 

#BanksNeverAskThat

What's it like to work with a Washington Trust Bank home loan team member? With competitive rates, no hidden fees and a local team ready to help, the only decision left is which mortgage option is right for you.

Learn more: https://lnkd.in/guy6F-BP

#ICYMI - The labor participation rate among women is rising, while it's stagnating among men. Steve Scranton, chief investment officer and economist for Washington Trust Bank, is Elevating the Conversation with Spokane Journal of Business.

#womeninbusiness

Washington Trust Bank has been named one of Oregon's Most Admired Companies in 2023 by the Portland Business Journal! This year's rankings were determined by a survey of over 3,700 executives and business leaders in Oregon and southwest Washington. 

At Washington Trust, we pride ourselves on service and strive to be a true financial partner for customers and business clients in Oregon and across the Northwest. Thank you to everyone who participated in this year’s survey! We are honored to be included in such a prestigious list.

Oregon's Most Admired Companies: Financial Services - https://lnkd.in/dFiap9cB.

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	41.86M -	46.36M 10.74%	51.73M 11.58%	41.80M 19.20%	83.06M 98.71%	83.28M 0.28%	76.31M 8.37%	100.03M 31.08%	114.05M 14.02%	55.85M 51.03%
depreciation and amortization	6.67M -	7.23M 8.46%	6.65M 8.08%	6.27M 5.75%	6.88M 9.74%	7.91M 15.00%	8.26M 4.47%	8.52M 3.10%	8.75M 2.67%
deferred income tax	-727.72K -	-1.68M 130.22%	700.09K 141.79%	-605.32K 186.46%	-3.02M 399.33%	-1.95M 35.56%	-10.90M 459.78%	-3.04M 72.11%	1.41M 146.41%
stock based compensation	1.69M -	2.37M 40.29%	2.68M 12.81%	3.12M 16.38%	4.38M 40.38%	4.82M 10.15%	5.13M 6.45%	3.98M 22.54%	4.91M 23.39%
change in working capital	-965.21K -	-699.57K 27.52%	-3.38M 383.06%	-2.51M 25.64%	-1.35M 46.08%	9.84M 826.48%	7.81M 20.64%	6.66M 14.69%	10.31M 54.74%
accounts receivables	-965.21K -	-699.57K 27.52%	-3.38M 383.06%	-2.51M 25.64%	-1.35M 46.08%	-229.01K 83.10%	-7.86M 3,330.58%	5.34M 167.92%	-8.57M 260.56%
inventory
accounts payables
other working capital						10.07M -	15.67M 55.56%	1.33M 91.53%	18.88M 1,322.51%
other non cash items	51.31M -	-8.28M 116.14%	-13.63M 64.62%	30.04M 320.43%	30.61M 1.88%	3.12M 89.79%	22.50M 620.36%	13.38M 40.53%	-18.65M 239.32%	-55.85M 199.54%
net cash provided by operating activities	99.84M -	45.31M 54.61%	44.75M 1.25%	78.11M 74.55%	120.54M 54.33%	107.03M 11.20%	109.12M 1.95%	129.53M 18.71%	120.78M 6.75%
investments in property plant and equipment	-8.74M -	-5.72M 34.51%	-5.46M 4.56%	-15.57M 185.10%	-12.63M 18.87%	-38.27M 202.94%	-13.25M 65.37%	-79.81M 502.22%	-8.56M 89.27%
acquisitions net						842.84K -	71.90K 91.47%	164.95K 129.41%	120.27K 27.09%
purchases of investments						-917.60M -	-1.36B 48.16%	-1.20B 11.51%	-739.27M 38.55%
sales maturities of investments						641.00M -	733.51M 14.43%	373.93M 49.02%	234.82M 37.20%
other investing activites	-384.29M -	-536.48M 39.60%	-340.75M 36.48%	-581.09M 70.53%	-322.64M 44.48%	-261.73M 18.88%	-1.97B 653.49%	-442.97M 77.54%	1.19B 368.82%
net cash used for investing activites	-393.02M -	-542.20M 37.96%	-346.21M 36.15%	-596.66M 72.34%	-335.27M 43.81%	-575.75M 71.73%	-2.61B 353.54%	-1.35B 48.24%	677.89M 150.15%
debt repayment						-96.79M -	-53.36M 44.87%	-23.08M 56.74%	-30.48M 32.04%
common stock issued						105.31M -	-47.96M 145.54%	-15.17M 68.37%	41.73M 375.16%
common stock repurchased			-3M -		-890.45K -	-8.52M 856.58%	-5.40M 36.56%	-7.92M 46.49%	-11.25M 42.16%
dividends paid	-6.56M -	-7.11M 8.32%	-7.63M 7.43%	-8.56M 12.08%	-11.75M 37.36%	-17.87M 52.05%	-18.77M 5.02%	-23.80M 26.81%	-26.11M 9.69%
other financing activites	298.21M -	497.05M 66.68%	329.72M 33.67%	535.85M 62.52%	227.78M 57.49%	482.64M 111.89%	2.52B 422.11%	1.21B 52.11%	-714.92M 159.25%
net cash used provided by financing activities	291.64M -	489.95M 67.99%	319.08M 34.87%	527.29M 65.25%	215.13M 59.20%	464.77M 116.04%	2.50B 438.14%	1.18B 52.71%	-741.03M 162.65%
effect of forex changes on cash
net change in cash	-1.54M -	-6.94M 351.91%	17.62M 353.74%	8.74M 50.39%	403.84K 95.38%	-3.95M 1,078.76%	-1.04M 73.74%	-39.28M 3,684.66%	57.65M 246.76%
cash at beginning of period	88.27M -	86.74M 1.74%	79.80M 8.00%	97.41M 22.08%	106.15M 8.97%	106.56M 0.38%	102.60M 3.71%	101.56M 1.01%	62.28M 38.68%
cash at end of period	86.74M -	79.80M 8.00%	97.41M 22.08%	106.15M 8.97%	106.56M 0.38%	102.60M 3.71%	101.56M 1.01%	62.28M 38.68%	119.93M 92.56%
operating cash flow	99.84M -	45.31M 54.61%	44.75M 1.25%	78.11M 74.55%	120.54M 54.33%	107.03M 11.20%	109.12M 1.95%	129.53M 18.71%	120.78M 6.75%
capital expenditure	-8.74M -	-5.72M 34.51%	-5.46M 4.56%	-15.57M 185.10%	-12.63M 18.87%	-38.27M 202.94%	-13.25M 65.37%	-79.81M 502.22%	-8.56M 89.27%
free cash flow	91.11M -	39.59M 56.54%	39.29M 0.77%	62.54M 59.18%	107.91M 72.55%	68.76M 36.27%	95.86M 39.41%	49.72M 48.14%	112.22M 125.72%

COM:WATRUST

Watrust

303.77

−0.40%

−1.23

Last Close

305.00

31/03 19:54

Market Cap

611.34M

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2.36K

Avg: -

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