Forbes Names Washington Trust Rhode Island’s Best-In-State Bank for Seventh Consecutive Year

WESTERLY, R.I., June 24, 2025 – In a testament to its enduring strength and customer-centric approach, Washington Trust has once again been crowned Rhode Island’s Best-In-State Bank for 2025 by Forbes. This marks the seventh consecutive year the institution has appeared on the prestigious list and, impressively, the third straight year it has held the top spot.

The annual Forbes Best-In-State Banks ranking, meticulously crafted in partnership with market research firm Statista, scrutinizes financial institutions based on a comprehensive evaluation. The criteria include customer satisfaction, trust, fees, the availability of digital services, and the quality of financial advice provided. Washington Trust’s consistent high performance in these areas underscores its commitment to excellence in a competitive market.

“We are deeply honored,” said Edward O. “Ned” Handy III, Washington Trust Chairman and CEO, commenting on the recent accolade. “This recognition reflects the Bank’s two and a quarter centuries of unwavering commitment to delivering exceptional banking experiences and supporting the financial wellbeing of our customers and communities. By integrating innovative technology for convenience with the personalized service of our dedicated team, we remain focused on meeting the evolving needs of those we serve. This achievement is a direct result of our team’s consistent hard work and our customers’ loyalty, a legacy that has spanned 225 years.”

The 2025 Forbes methodology involved surveying over 26,000 U.S. consumers, probing banks on factors like customer service, trustworthiness, accessibility, and transparency. Washington Trust’s strategy of combining personalized service, cutting-edge digital solutions, and active community engagement has cemented its position as a leader in Rhode Island’s thriving banking sector.

ABOUT WASHINGTON TRUST^®

Established in 1800, Washington Trust stands as the oldest community bank in the nation, and the largest state-chartered bank headquartered in Rhode Island, and a key player in the Northeast’s financial services arena. With a commitment to serving its community, Washington Trust provides a comprehensive suite of services, including commercial banking, mortgage banking, personal banking, and comprehensive wealth management services through its offices in Rhode Island, Connecticut, and Massachusetts, along with a robust suite of digital tools. Washington Trust is a member of the FDIC and an equal housing lender. The company is a subsidiary of Washington Trust Bancorp, Inc., a publicly traded company listed on NASDAQ: WASH.