WESTERLY, R.I.--(BUSINESS WIRE)--
Washington Trust Bancorp, Inc. (NASDAQ Global Select(R): WASH),
the publicly-owned holding company of The
Washington Trust Company, today announced the appointment of Joseph
J. MarcAurele as President and Chief Operating Officer of the Bank. He
was also elected to the Board of Directors of the Corporation and the
Bank. MarcAurele joins Washington Trust from Citizens Bank, where he
served as President, Citizens Bank, Rhode Island, a division of RBS
Citizens, N.A, since 2001. He will assume his new position on September
The appointment is part of the Corporation's succession plan and
concludes an extensive search for future leadership of the nation's
oldest community bank. MarcAurele succeeds John F. Treanor who will
retire in October 2009. At that time, MarcAurele will also assume the
position of President and Chief Operating Officer of the Corporation.
John C. Warren, Washington Trust Chairman and Chief Executive Officer
since 1996, has previously announced his retirement in April 2010.
"Joe has all of the qualities that make him an excellent choice for
Washington Trust: he is a proven leader in the New England banking
industry; he is well-respected as a community champion, and he is a
Rhode Island native," stated John C. Warren, Washington Trust Chairman
and Chief Executive Officer. Adding, "We are pleased to welcome Joe to
our team and are confident in Joe's ability to successfully guide
Washington Trust in our third century of banking."
During his sixteen year career at Citizens, MarcAurele not only served
as President, Citizens Bank, Rhode Island, but at one time served as
Chairman, President and Chief Executive Officer, Citizens Bank of Rhode
Island and Connecticut. He was a member of Citizens' Executive
Leadership Group and Executive Committee and oversaw the Corporate
Global Restructuring Group. MarcAurele was also responsible for a
multi-billion dollar commercial loan portfolio which included all
commercial business in Rhode Island and Connecticut. Prior to Citizens,
MarcAurele spent seven years at Fleet National Bank, where he held
various positions, including Senior Vice President, Director of Human
A dedicated community servant, MarcAurele was recently recognized by the
Pawtucket Red Sox and Cox Communications with the Hometown Hero Award
for his leadership in the Striking Out Hunger initiative to benefit the
Rhode Island Community Food Bank. He serves on the President's Council
of Providence College, chairs the Governor's Workforce Board of Rhode
Island, and is a member of the Rhode Island Commodores. He is also
affiliated with the Rhode Island Hospital Foundation, the Greater
Providence Chamber of Commerce, Rhode Island Community and Justice and
the United Way of Rhode Island.
A lifelong Rhode Island resident, MarcAurele grew up and attended school
in Pawtucket, RI. Early in his professional career, he taught English,
coached, and served as an Assistant Principal at St. Raphael Academy in
Pawtucket. MarcAurele is a graduate of Holy Cross College and attended
graduate school at Providence College. He and his wife Meredith reside
in East Greenwich, RI.
Washington Trust Bancorp, Inc. is the parent of The Washington Trust
Company, a Rhode Island state-chartered bank founded in 1800. Washington
banking and wealth
management services through its offices in Rhode Island,
Massachusetts and southeastern Connecticut. Washington Trust Bancorp,
Inc.'s common stock trades on the NASDAQ Global Select(R) under
the symbol WASH. Investor information is available on the Corporation's
web site: www.washtrust.com.
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Source: Washington Trust Bancorp, Inc.