Washington Trust Strengthens Commercial Banking with New Institutional Team
In a strategic move to bolster its commercial banking services, Washington Trust has assembled a new institutional banking team focused on meeting the distinct needs of independent schools, private colleges, universities, healthcare providers, and cultural institutions throughout the Northeast. This initiative reflects the bank's commitment to enhancing its service offerings and positioning itself as a key player in the institutional banking market.
Leading this new team is Gerald S. "Jerry" Algere, a seasoned banking professional with 35 years of experience in developing and managing successful client banking teams at major financial institutions in the Boston area. Algere's extensive background and proven ability to forge strong client relationships are seen as critical assets for Washington Trust as it seeks to expand its reach within the institutional banking landscape. Under his leadership, the team aims to deliver innovative finance solutions tailored specifically for educational and nonprofit institutions, thereby accelerating the bank's growth in this important segment.
Joining Jerry Algere are three other distinguished professionals: Omar Hazoury, senior vice president of institutional banking; Marissa Lozano, vice president of institutional banking; and Danuta I. Surowiec, institutional banking officer. This cohesive unit brings a wealth of knowledge and expertise to Washington Trust, enhancing the bank's ability to provide client-centric finance solutions for organizations in need.
The formation of the institutional banking team also follows the recent appointment of Jim Brown as senior executive vice president and chief commercial banking officer. Brown is recognized for his exceptional leadership capabilities, having built high-performing teams that drive success in the industry. His vision is to reinforce Washington Trust’s standing as a leader in service provision for the nonprofit sector and to drive the overall growth of the bank's commercial banking division.
Jerry Algere expressed his enthusiasm for the new team's launch, stating, "Our team has a long-standing reputation for excellence in serving nonprofit organizations. With our combined experience and dedication to client service, we aim to elevate Washington Trust's presence in the institutional banking sector."
The institutional banking team will operate out of Wellesley, Massachusetts, as part of Washington Trust’s broader strategy to provide integrated financial solutions across all its services, be it personal banking or large-scale institutional financing. The bank's leadership has emphasized the importance of being a trusted partner for its clients and listening closely to their needs to help them achieve their financial goals.
Washington Trust, established in 1800, boasts a rich history as one of the oldest community banks in the United States and has evolved into a significant financial services corporation in the Northeast. Originally starting with a single branch in Westerly, Rhode Island, the bank now offers a comprehensive suite of services, including personal, commercial, mortgage banking, and wealth management across Rhode Island, Connecticut, and Massachusetts. The presence of multiple branches enhances accessibility for clients seeking personalized banking solutions.
With the addition of its new institutional banking team, Washington Trust not only demonstrates its commitment to growth but also signals its dedication to meeting the complex financial needs of diverse sectors, thus solidifying its position within the regional financial services market. In doing so, Washington Trust continues to prioritize its mission of empowering the individuals and organizations in New England, aiming to improve their financial well-being and drive positive outcomes in their communities. As the bank looks toward the future, it is poised to embark on a new chapter of innovation and service excellence in banking, further defining its role as a trusted partner in the financial services industry.
Leading this new team is Gerald S. "Jerry" Algere, a seasoned banking professional with 35 years of experience in developing and managing successful client banking teams at major financial institutions in the Boston area. Algere's extensive background and proven ability to forge strong client relationships are seen as critical assets for Washington Trust as it seeks to expand its reach within the institutional banking landscape. Under his leadership, the team aims to deliver innovative finance solutions tailored specifically for educational and nonprofit institutions, thereby accelerating the bank's growth in this important segment.
Joining Jerry Algere are three other distinguished professionals: Omar Hazoury, senior vice president of institutional banking; Marissa Lozano, vice president of institutional banking; and Danuta I. Surowiec, institutional banking officer. This cohesive unit brings a wealth of knowledge and expertise to Washington Trust, enhancing the bank's ability to provide client-centric finance solutions for organizations in need.
The formation of the institutional banking team also follows the recent appointment of Jim Brown as senior executive vice president and chief commercial banking officer. Brown is recognized for his exceptional leadership capabilities, having built high-performing teams that drive success in the industry. His vision is to reinforce Washington Trust’s standing as a leader in service provision for the nonprofit sector and to drive the overall growth of the bank's commercial banking division.
Jerry Algere expressed his enthusiasm for the new team's launch, stating, "Our team has a long-standing reputation for excellence in serving nonprofit organizations. With our combined experience and dedication to client service, we aim to elevate Washington Trust's presence in the institutional banking sector."
The institutional banking team will operate out of Wellesley, Massachusetts, as part of Washington Trust’s broader strategy to provide integrated financial solutions across all its services, be it personal banking or large-scale institutional financing. The bank's leadership has emphasized the importance of being a trusted partner for its clients and listening closely to their needs to help them achieve their financial goals.
Washington Trust, established in 1800, boasts a rich history as one of the oldest community banks in the United States and has evolved into a significant financial services corporation in the Northeast. Originally starting with a single branch in Westerly, Rhode Island, the bank now offers a comprehensive suite of services, including personal, commercial, mortgage banking, and wealth management across Rhode Island, Connecticut, and Massachusetts. The presence of multiple branches enhances accessibility for clients seeking personalized banking solutions.
With the addition of its new institutional banking team, Washington Trust not only demonstrates its commitment to growth but also signals its dedication to meeting the complex financial needs of diverse sectors, thus solidifying its position within the regional financial services market. In doing so, Washington Trust continues to prioritize its mission of empowering the individuals and organizations in New England, aiming to improve their financial well-being and drive positive outcomes in their communities. As the bank looks toward the future, it is poised to embark on a new chapter of innovation and service excellence in banking, further defining its role as a trusted partner in the financial services industry.
Topics Financial Services & Investing）
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