Washington Trust Bancorp Launches Institutional Banking Team to Enhance Client Services

Washington Trust Bancorp Expands Institutional Banking Focus

Washington Trust Bancorp is making significant strides in its commercial banking operations by establishing a dedicated institutional banking team tailored to meet the unique needs of independent schools, private colleges, universities, healthcare providers, and cultural institutions in the Northeast. This initiative, unveiled on January 21, 2026, is led by Gerald S. "Jerry" Algere, who brings a wealth of experience with over 35 years in building successful banking teams in the greater Boston area. Under Algere's leadership, Washington Trust aims to enhance its capability to provide comprehensive financial solutions that specifically address the requirements of institutional organizations.

The newly formed team includes three seasoned professionals: Omar Hazoury, Marissa Lozano, and Danuta I. Surowiec, all of whom possess substantial expertise in commercial banking. Their collective experience is expected to bolster Washington Trust's offerings, allowing the bank to better serve its institutional clients. This strategic initiative aligns with Washington Trust's broader goal to position itself as a leader in the nonprofit financial services sector. Jim Brown, appointed as senior executive vice president and chief commercial banking officer in 2025, highlights that this new focus not only enhances the bank’s service levels but also underscores its commitment to responsiveness and excellence in client relations.

The launch of the institutional banking team demonstrates Washington Trust's proactive approach to growth in a competitive financial landscape. By leveraging the team's extensive experience and specialized knowledge, the bank aims to capture a larger share of the institutional banking market. This strategic enhancement is expected to facilitate Washington Trust's ability to deliver tailored financial solutions, thereby strengthening its reputation among financial advisors and institutional clients alike. The establishment of this dedicated team marks a pivotal moment for Washington Trust as it seeks to expand its influence and service offerings in the institutional sector.

In related developments, Washington Trust continues to refine its banking strategies to align with the evolving needs of its clientele. The bank's commitment to providing exceptional service remains unwavering, and the formation of this team is a testament to its dedication to meet the specific demands of nonprofit organizations. As the financial landscape shifts, Washington Trust is well-positioned to adapt and thrive through this strategic focus on institutional banking.