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Washington Trust's Prestigious Recognition

In a recent announcement that has brought excitement to its workforce, Washington Trust proudly announced its inclusion in the prestigious 2025 Best Banks to Work For list issued by American Banker magazine. This recognition places Washington Trust among an exclusive group of only 90 banks across the United States that are acknowledged for their exceptional workplace culture and support provided to employees.

Edward O. 'Ned' Handy III, Chairman and CEO of Washington Trust, expressed his pride in the award, stating, "This honor is a testament to the culture we've built together at Washington Trust—one that values people, fosters career growth, and empowers employees to make a difference for our customers and communities." The bank's commitment to its employees is evident through its continuous efforts to enhance workplace satisfaction and support individual career ambitions.

The Criteria for Recognition

The selection process for the Best Banks to Work For is comprehensive and rigorous. It involves an anonymous survey of employees and a detailed evaluation of the benefits and policies established by the banks. For banks to qualify for the 2025 list, they needed to have at least 50 employees and be operational for a minimum of one year. This assessment not only highlights the importance of employee satisfaction but also considers the tangible benefits offered by these institutions.

Chana Schoenberger, editor-in-chief of American Banker, noted the significance of such recognitions. "The banks recognized as Best Banks to Work For are institutions employees want to join and stay," she stated. This sentiment reinforces the connection between a positive workplace environment and employee retention, which is essential in today's competitive job market.

A Two-Step Evaluation Process

The methodology employed by American Banker in collaboration with Best Companies Group comprises a two-step evaluation process. The first step involves assessing workplace policies, practices, and demographics, contributing to 25% of the total score. The second step consists of gathering employee feedback through surveys, which accounts for a substantial 75% of the score. The amalgamation of these scores determines each bank's ranking on the list, underscoring the importance of both qualitative and quantitative assessments.

Washington Trust's strong showing in this competitive environment is a reflection of its enduring commitment to excellence in employee relations and community engagement.

An Overview of Washington Trust

Founded in 1800, Washington Trust is recognized as the oldest community bank in the United States, as well as the largest state-chartered bank based in Rhode Island. Celebrating 225 years in 2025, the bank has been a pillar of support for individuals and businesses in New England. With a range of financial services that include commercial banking, mortgage services, personal banking, and wealth management, Washington Trust's overarching goal remains to enhance the financial lives of its customers. The bank operates multiple branches across Rhode Island, Connecticut, and Massachusetts, offering a variety of in-person and digital banking solutions.

Washington Trust is also a member of the FDIC, ensuring that customers can trust their deposits are safeguarded. It operates under the umbrella of Washington Trust Bancorp, Inc., a publicly traded company on NASDAQ under the ticker symbol WASH.

For further details and updates about Washington Trust's latest initiatives, prospective customers and interested parties can visit www.washtrust.com or the corporate site at ir.washtrust.com.

As Washington Trust continues to forge ahead in its commitment to workplace excellence, the recognition from American Banker serves not only as a badge of honor but also as a vow to maintain an environment where employees can thrive and contribute positively to their communities.