The Washington Trust Company, of Westerly is headquartered in Westerly, Rhode Island. It is a state-chartered bank that is not a member of the Federal Reserve System, established 01/01/1800 and insured by the FDIC since 01/02/1982. At the 06/30/2026 reporting date it held $6.6 billion in assets and $5.4 billion in deposits across 30 offices.
Size
By total assets it ranks #235 of 4,213 active FDIC-insured banks in the United States. Among the 5 FDIC-insured banks headquartered in Rhode Island it ranks #2.
Capital and earnings
| Equity capital | $569 million (8.7% of assets) |
|---|---|
| Net income, year to date | $29 million through 06/30/2026 |
| Return on assets (annualized) | 0.90% |
Equity capital is what the bank owns after subtracting its liabilities; a higher share of assets means a thicker cushion against losses. These are the bank’s own regulatory filings, not a rating or a recommendation.
Is it FDIC insured?
Yes. The Washington Trust Company, of Westerly holds FDIC certificate number 23623. Deposits are insured up to $250,000 per depositor, per insured bank, per ownership category. You can confirm this on the bank’s FDIC BankFind page.
Other large banks in Rhode Island
- Citizens Bank, National Association, $233 billion in assets
Banks of a similar size
- First Bank, #233, $6.7 billion in assets
- SMBC MANUBANK, #234, $6.6 billion in assets
- Horizon Bank, #236, $6.5 billion in assets
- TrustCo Bank, #237, $6.5 billion in assets
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This page reports regulatory data only. It does not show the bank’s rates or products, which change often and are listed on the bank’s own site. washtrust.com