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United States

Washington Trust Bancorp Inc (WASH.OQ)

WASH.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Joseph MarcAurele

65 2013 Chairman of the Board, Chief Executive Officer of the Corporation and the Bank

Edward Handy

55 2013 President, Chief Operating Officer of the Corporation and the Bank

David Devault

62 2016 Vice Chairman of the Board, Chief Financial Officer, Secretary

Maria Janes

46 2016 Principal Accounting Officer of the Corporation, Executive Vice President and Controller of the Corporation and the Bank

Ronald Ohsberg

51 2017 Executive Vice President, Treasurer of the Corporation and the Bank

Mark Gim

50 2017 Senior Executive Vice President, Wealth Management and Chief Strategy Officer of the Corporation and the Bank

Debra Gormley

61 2014 Executive Vice President - Retail Banking of the Bank

Mary Noons

55 2016 Executive Vice President-Retail Lending of the Bank

William Wray

58 2015 Senior Vice President - Risk Management

Elizabeth Eckel

56 2000 Senior Vice President - Marketing of the Bank

Dennis Algiere

56 2003 Senior Vice President, Chief Compliance Officer, Director of Community Affairs of the Bank

Kristen DiSanto

47 2012 Executive Vice President - Human Resources of the Bank

James Hagerty

59 2012 Executive Vice President, Chief Lending Officer of the Bank

Victor Orsinger

70 1983 Lead Independent Director

John Bowen

65 2011 Independent Director

Steven Crandall

64 1983 Independent Director

Robert DiMuccio

59 2010 Independent Director

Barry Hittner

70 2003 Independent Director

Katherine Hoxsie

68 1991 Independent Director

Kathleen McKeough

66 2003 Independent Director

H. Douglas Randall

69 2000 Independent Director

Edwin Santos

57 2012 Independent Director

John Treanor

69 2009 Independent Director

Biographies

Name Description

Joseph MarcAurele

Mr. Joseph J. MarcAurele is Director of the company. He is no longer Chairman of the Board, Chief Executive Officer of Washington Trust Bancorp, Inc., effective March 2, 2018. He also held the title of President of the Corporation and the Bank from April 2010 to November 2013. He joined Washington Trust in 2009 as President and Chief Operating Officer of the Corporation and The Washington Trust Company. He served as President of Citizens Bank from 2007 to 2009 and previously held positions of President and Chief Executive Officer of Citizens Bank entities in Rhode Island and Connecticut from 2001 to 2007. He held a series of positions of executive leadership at Citizens Bank from 1993 to 2001 in the areas of commercial lending, wealth management and private banking. Prior to that, Mr. MarcAurele held positions at Fleet National Bank with concentration in commercial lending and credit analysis and also held the position of Senior Vice President, Director of Human Resources. Mr. MarcAurele’s qualifications to serve on the Board of Directors include his extensive experience in many areas of banking and financial services, experience in positions of executive leadership, and knowledge of the business community in our market area.

Edward Handy

Mr. Edward O. Handy, III, is re designated as Chairman of the Board, Chief Executive Officer of the Corporation and the Bank effective March 2, 2018. Prior to joining Washington Trust, Mr. Handy served as President of Citizens Bank in Rhode Island and Connecticut from 2009 to 2013 and previously held the positions of Executive Vice President, Head of Commercial Real Estate from 2007 to 2009 and President / Chief Executive Officer of Charter One Bank, an affiliate of Citizens Bank, from 2005 to 2008. He previously held a series of positions of senior leadership at Citizens Bank and related companies from 1995 to 2005, primarily in the area of commercial real estate lending. Prior to that, Mr. Handy held positions at Fleet National Bank with concentration in commercial lending and credit analysis. Mr. Handy’s qualifications to serve on the Board of Directors include his extensive banking and managerial experience, with particular emphasis on his extensive background in the area of commercial lending.

David Devault

Mr. David V. Devault is no longer Vice Chairman of the Board, Principal Financial Officer, Secretary of Washington Trust Bancorp, Inc., effective January 31, 2018. Devault joined the Bank in 1986 as Controller. He was promoted to Vice President and Chief Financial Officer of the Corporation and the Bank in 1987 and to Senior Vice President and Chief Financial Officer of the Corporation and the Bank in 1990. In 1997, he was also elected Treasurer of the Corporation and the Bank. He was named Executive Vice President, Treasurer and Chief Financial Officer of the Corporation and the Bank in 1998. He was appointed to the position of Secretary of the Bank in 2002 and Secretary of the Corporation in 2005. In 2008, his title was changed to Executive Vice President, Chief Financial Officer and Secretary of the Corporation and the Bank. He was promoted to Senior Executive Vice President in 2010 and in 2013 he was promoted to Vice Chair, Secretary and Chief Financial Officer of the Corporation and the Bank.

Maria Janes

Ms. Maria N. Janes CPA., is Principal Accounting Officer of the Corporation and Executive Vice President and Controller of the Corporation and The Washington Trust Company, of Westerly (the “Bank”), She has served as Controller since 1998, receiving the title of Assistant Vice President in 1998; Vice President in 1999; and Senior Vice President in 2010. In September 2016, she was promoted to Executive Vice President and Controller, and designated as Principal Accounting Officer of the Bank and the Corporation.

Ronald Ohsberg

Mr. Ronald S. Ohsberg is re designated as Chief Financial Officer, Senior Executive Vice President, Treasurer of the Corporation and the Bank effective January 31, 2018. He joins Washington Trust from Linear Settlement Services, where he served as Executive Vice President, Finance for the past year. Prior to Linear, Ohsberg was employed at Citizens Bank for 12 years, leaving in 2016 as Executive Vice President, Corporate Controller and Chief Accounting Officer. One of his key responsibilities at Citizens was the execution of key financial matters related to Citizens Financial Group becoming a publicly-traded company in September 2014. The transaction is regarded as the largest commercial bank initial public offering (IPO) in U.S. history. Ohsberg also spent 12 years at FleetBoston Financial/Bank of America where he served as Senior Vice President, Director of Accounting and Financial Analysis, and, prior to that, served as Audit Manager at KPMG Peat Marwick. A Certified Public Accountant (CPA), Ohsberg holds B.S. degrees in accounting and finance, and an M.B.A. from the University of Rhode Island. He has served as a member of the Board of Trustees and Treasurer of the Scandinavian Home Nursing and Retirement Center.

Mark Gim

Mr. Mark K. W. Gim is re designated as President, Chief Operating Officer of the Corporation and the Bank effective March 2, 2018. He has served as Senior Executive Vice President, Wealth Management and Chief Strategy Officer of the Corporation and the Bank since June 2017. Prior to that he served as Senior Executive Vice President, Wealth Management and Treasurer of the Corporation and the Bank from September 2015 to June 2017; Executive Vice President, Wealth Management and Treasurer of the Corporation and the Bank from May 2013 to September 2015; and as Executive Vice President and Treasurer of the Corporation and the Bank from December 2008 to May 2013.

Debra Gormley

Ms. Debra A. Gormley is Executive Vice President- Retail Banking of The Washington Trust Company (the “Bank”) which is the subsidiary of Washington Trust Bancorp, Inc. She joined the Bank in 2011 as Senior Vice President, Retail Banking. She was promoted to Executive Vice President, Retail Banking in 2014. In the years prior to joining the Bank, she served in several positions of senior responsibility with Citizens Bank.

Mary Noons

Ms. Mary E. Noons is Executive Vice President-Retail Lending of the Bank of the Company. She joined the Bank in 1992 and has held positions of increasing responsibility in managing lending support, loan operations, secondary market, consumer lending, mortgage operations and mortgage origination. She was promoted to Senior Vice President in 2011. In March 2016, she was promoted to Retail Lending division head assuming responsibility for all mortgage and consumer lending activities. She was promoted to Executive Vice President in September 2016.

William Wray

Mr. William K. Wray Sr. is Senior Vice President - Risk Management of Washington Trust Bancorp, Inc. and was promoted to Executive Vice President and Chief Risk Officer in September 2015. Prior to joining Washington Trust, he served as chief operating officer of Blue Cross Blue Shield of Rhode Island, from 2009 to 2015. He previously served as chief information officer at Citizens Bank in Rhode Island and held a number of executive leadership positions with Citizens from 1993 to 2008, including responsibility for corporate risk and compliance programs.

Elizabeth Eckel

Ms. Elizabeth B. Eckel is Senior Vice President - Marketing of The Washington Trust Company (the “Bank”) which is the subsidiary of Washington Trust Bancorp, Inc.. She joined the Bank in 1991 as Director of Advertising and Public Relations. In 1995, she was named Vice President – Marketing. She was promoted to Senior Vice President – Marketing in 2000.

Dennis Algiere

Mr. Dennis L. Algiere is Senior Vice President, Chief Compliance Officer, Director of Community Affairs of The Washington Trust Company (the “Bank”) which is the subsidiary of Washington Trust Bancorp, Inc.. He joined the Bank in 1995 as Compliance Officer. He was named Vice President – Compliance in 1996 and was promoted to Senior Vice President, Compliance and Community Affairs in 2001. He was named Senior Vice President, Chief Compliance Officer and Director of Community Affairs in 2003.

Kristen DiSanto

Ms. Kristen L. DiSanto is Executive Vice President - Human Resources of The Washington Trust Company (the “Bank”) which is the subsidiary of Washington Trust Bancorp, Inc. She joined the Bank in 1994 and was named Assistant Vice President in 1996 and Vice President in 1998. She was promoted to Senior Vice President, Human Resources in 2009. She was promoted to Executive Vice President – Human Resources in 2012.

James Hagerty

Mr. James M. Hagerty is Executive Vice President, Chief Lending Officer of The Washington Trust Company (the “Bank”), a subsidiary of Washington Trust Bancorp, Inc., since July 9, 2012. Hagerty joined the Bank in 2012 as Executive Vice President and Chief Lending Officer. From December 2001 until he joined Washington Trust, he served as Senior Vice President, Rhode Island Market Manager, for Citizens Bank, responsible for middle market and not-for-profit commercial lending.

Victor Orsinger

Mr. Victor J. Orsinger, II, Esq., is Lead Independent Director of Washington Trust Bancorp, Inc., since 1983. He is an attorney and since January 1, 2012, has had an independent law practice. He was a partner in the law firm of Orsinger & Nardone Law Offices from 1985 through December 31, 2011. Previously, Mr. Orsinger was engaged in the practice of law either as a sole practitioner or affiliated with other attorneys and firms. Mr. Orsinger has over 44 years of legal experience in the areas of real estate, estate planning and probate matters, commercial loan transactions, and corporate and partnership law. Mr. Orsinger’s qualifications to serve on the Board of Directors include his broad legal experience, including in the areas of commercial and residential real estate lending and wealth management, and knowledge of corporate governance matters.

John Bowen

Mr. John J. Bowen is an Independent Director of Washington Trust Bancorp, Inc., since April 26, 2011. He has been the Chancellor, President and Chief Executive Officer of Johnson & Wales University, Providence, Rhode Island, since 2010, having served as President and Chief Executive Officer from 2004 to 2010, and is a member of the Board of Trustees of the University. He joined Johnson & Wales University in 1974 as a faculty member and currently oversees more than 15,000 students and approximately 2,000 employees at four domestic campuses. He serves as a board member for a wide variety of not-for-profit organizations and has previously served as a director of a large regional bank. Mr. Bowen’s qualifications to serve on the Board of Directors include his experience as an executive of a large, successful institution; his experience on governing boards of nonprofit and for-profit corporations; and his previous experience in the banking industry.

Steven Crandall

Mr. Steven J. Crandall is an Independent Director of Washington Trust Bancorp, Inc., since 1983. Mr. Crandall has served as Vice President of Ashaway Line & Twine Manufacturing Co., a manufacturer of sporting goods products and medical threads, for over 35 years. Mr. Crandall’s experience and responsibilities include domestic and international sales and marketing, corporate finance and financial analysis, and human resources management. Mr. Crandall’s qualifications to serve on the Board of Directors include his extensive experience in sales and marketing as well as the management of a successful commercial and industrial business.

Robert DiMuccio

Mr. Robert A. DiMuccio, CPA., is an Independent Director of Washington Trust Bancorp, Inc. He has served as President and Chief Executive Officer of Amica Mutual Insurance Company since 2005 and has held the title of Chairman since 2009. He joined Amica in 1991 as a Vice President and has held a variety of positions of progressive responsibility, including Chief Financial Officer and Treasurer. Prior to joining Amica, Mr. DiMuccio was an audit partner with the public accounting firm of KPMG LLP, with experience in audits of public and non-public companies including banking and insurance companies. Mr. DiMuccio is also a director and past Chair of the Property Casualty Insurers Association of America and has earned the Chartered Property Casualty Underwriter (CPCU) designation. Mr. DiMuccio’s qualifications to serve on the Board of Directors include his extensive experience in the areas of audit, accounting and financial reporting, as well as his record of leadership in the financial services industry.

Barry Hittner

Mr. Barry G. Hittner Esq., is an Independent Director of Washington Trust Bancorp, Inc., since 2003. He is an attorney, and was Of Counsel with the firm of Cameron & Mittleman from 2003 to 2011. Prior to that, he was Of Counsel with the firm of Edwards & Angell, LLP. His legal experience over many years includes legal representation of banks and insurance entities. He served as the Director of the Rhode Island Department of Business Regulation and as State Banking Commissioner from 1995 to 1999 and served as an attorney with the firm of Edwards & Angell from 1979 to 1995. Mr. Hittner’s qualifications to serve on the Board of Directors include his extensive legal experience, with particular emphasis in the financial services industry, as well as his background in the area of regulatory oversight.

Katherine Hoxsie

Ms. Katherine W. Hoxsie, CPA., is an Independent Director of Washington Trust Bancorp, Inc., since 1991. She has been retired since 2008. She previously served as the Vice President of Hoxsie Buick-Pontiac-GMC Truck, Inc. automotive dealership, responsible for the company’s management and operations from 1991 until 2008. Prior to 1991, Ms. Hoxsie was employed by the public accounting firm of Price Waterhouse with experience in audits of public and non-public companies, including financial services companies. Ms. Hoxsie’s qualifications to serve on the Board of Directors include her expertise in the areas of audit, finance, accounting and taxation, as well as her knowledge of regulatory and financial reporting requirements.

Kathleen McKeough

Ms. Kathleen E. McKeough is an Independent Director of Washington Trust Bancorp, Inc. She is retired and previously served as the Senior Vice President, Human Resources, of GTECH Holdings Corporation, a lottery industry and financial transaction processing company, from 2000 to 2004. From 1991 to 1999, she served with the U.S. division of Allied Domecq, PLC, a manufacturer and franchiser for 6,500 franchised stores, in positions which included Treasurer, Chief Financial Officer and Senior Vice President, Human Resources. Previously, she held positions in commercial lending and credit administration with Bank of Boston. Ms. McKeough’s qualifications to serve on the Board of Directors include her extensive experience in human resources matters as well as her experience in finance and banking.

H. Douglas Randall

Mr. H. Douglas Randall, III, is an Independent Director of Washington Trust Bancorp, Inc., since 2000. He is the Chief Executive Officer of Randall, Realtors, and also holds the title of Chief Executive Officer in several related firms including Kinlin Grover Real Estate (since 2009), Kinlin Grover Commercial (since 2010), Page Taft (since 2011) and Pequot Commercial (since 2012). These firms operate 29 realty offices with 485 professionals and staff in Rhode Island, Massachusetts and Connecticut. Mr. Randall has over 45 years of experience in realty and property use matters, holding Graduate Realtors Institute and Certified Residential Broker designations. Mr. Randall’s qualifications to serve on the Board of Directors include his extensive experience in and knowledge of real estate matters as well as the management of a successful realty business.

Edwin Santos

Mr. Edwin J. Santos is an Independent Director of Washington Trust Bancorp, Inc., since June 18, 2012. He has had a distinguished career in banking, with experience in risk management, corporate governance, management advisory services, acquisitions, and reengineering efforts. He served for many years in various positions of significant responsibility with FleetBoston Financial Group and most recently served as Group Executive Vice President and General Auditor for Citizens Financial Group prior to his retirement in 2009. Mr. Santos currently serves as Chairman of Prospect CharterCARE, LLC and President of the Board of Trustees of the Rocky Hill School. He is a member of the Bryant University Board of Trustees. Mr. Santos’ professional competency, broad experience in the financial services industry and strong reputation in the Rhode Island community qualify him to serve on the Board of Directors.

John Treanor

Mr. John F. Treanor is an Independent Director of Washington Trust Bancorp, Inc. He served as President and Chief Operating Officer of the Corporation and the Bank from 1999 until his retirement in 2009. Mr. Treanor has over 42 years of experience in the financial services industry. Prior to joining Washington Trust, he held Chief Financial Officer positions with commercial banks for ten years and previously served as Director of Corporate Planning and Mergers and Acquisitions for a major Boston bank. Mr. Treanor is a member of the board of directors of the Federal Home Loan Bank of Boston, where he serves as chairman of its finance committee, and served as a member of the board of directors of Beacon Mutual Insurance Company from 2009 to 2014, where he served as chairperson of its audit committee. He is also a member of the board of directors of Thielsch Engineering, Inc. Mr. Treanor’s qualifications to serve on the Board of Directors include his strong background in banking and finance as well as his extensive knowledge of regulatory and governance matters.