Washington Trust Bancorp, Inc. and The Washington Trust Company, of Westerly Appoints Debra M. Paul to the Board of Directors, Effective March 1, 2024
January 30, 2024 at 04:54 pm EST
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On January 24, 2024, the Board of Directors (Board) of Washington Trust Bancorp, Inc. (Corporation) elected Debra M. Paul to serve as a director of the Corporation effective as of March 1, 2024, filling a vacancy created by an expansion of the Board. Ms. Paul was also appointed to the Board of Directors of the Corporation?s subsidiary bank The Washington Trust Company, of Westerly. Ms. Paul has not been appointed to serve on a Board committee at this time; however, the Board plans to appoint her to the Audit Committee of the Board following the Corporation?s Annual Meeting of Shareholders in April 2024.
The Board has determined that Ms. Paul is independent under Nasdaq listing rules and other applicable standards and that she qualifies as an ?audit committee financial expert? as that term is defined in Item 407(d)(5) of Regulation S-K. Ms. Paul was elected to the class of directors serving until the Corporation?s 2026 Annual Meeting of Shareholders and until her successor is duly elected and qualified. Ms. Paul has extensive experience in the healthcare industry and has held executive positions including Chief Financial Officer & Strategic Consultant at Elwyn; President & CEO of Fellowship Health Resources, Inc.; and Chief Financial Officer & SVP of Woman & Infants Hospital.
Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedentsâ estates; and institutional trust services, including custody and fiduciary services.