Washington Trust’s headquarters and main office is located at 23 Broad Street, in Westerly, in Washington County, Rhode Island.
−Removed: As of December 31, 2019 , Washington Trust conducts business from 10 branch offices located in southern Rhode Island (Washington County), 12 branch offices located in the greater Providence area in Rhode Island and one branch office located in southeastern Connecticut.
+Added: As of December 31, 2020, Washington Trust conducts business from 10 branch offices located in southern Rhode Island (Washington County), 12 branch offices located in the greater Providence area in Rhode Island and 1 branch office located in southeastern Connecticut.
+Added: In 2021, we plan to open a new full-service branch in East Greenwich, Rhode Island.
In addition, there are a number of offices not associated with a branch office location.
−Removed: Washington Trust has six residential mortgage lending offices that are located in eastern Massachusetts (Sharon, Burlington, Braintree and Wellesley);
+Added: Washington Trust has 6 residential mortgage lending offices that are located in eastern Massachusetts (Sharon, Burlington, Braintree and Wellesley);
in Glastonbury, Connecticut;
and in Warwick, Rhode Island.
−Removed: Washington Trust also has a commercial lending and wealth management services office in the financial district of Providence, Rhode Island;
−Removed: and two additional wealth management services offices located in Wellesley, Massachusetts and New Haven, Connecticut.
−Removed: Additionally, an employment and training center and two operations facilities are located in Westerly, Rhode Island.
−Removed: At December 31, 2019 , nine of the Corporation’s facilities were owned, twenty-five were leased and one branch office was owned on leased land.
−Removed: Lease expiration dates range from four months to twenty-one years, with additional renewal options on certain leases ranging from one to five years.
+Added: Washington Trust also has an executive office, commercial lending office and wealth management services office in the financial district of Providence, Rhode Island;
+Added: and 2 additional wealth management services offices located in Wellesley, Massachusetts and New Haven, Connecticut.
+Added: Additionally, Washington Trust has an employment and training center and two operations facilities are located in Westerly, Rhode Island, as well as a loan servicing facility in Stonington, CT.
+Added: At December 31, 2020, 9 of the Corporation’s facilities were owned, 26 were leased and 1 branch office was owned on leased land.
+Added: Lease expiration dates range from 7 months to 20 years, with additional renewal options on certain leases ranging from 1 year to 5 years.
In addition, the Bank has one owned offsite-ATM in a leased space.
All of the Corporation’s properties are considered to be in good condition and adequate for the purpose for which they are used.
−Removed: The Bank also operates ATMs located in retail stores and other locations primarily in Rhode Island and to a lesser extent in southeastern Connecticut.
−Removed: These ATMs are branded with the Bank’s logo and are operated under contracts with a third party vendor.
+Added: The Bank also brands ATMs located in retail stores and other locations primarily in Rhode Island and to a lesser extent in southeastern Connecticut.
+Added: These ATMs are operated under contracts with a third party vendor.
See Notes 7 and 8 to the Consolidated Financial Statements for additional information regarding premises and equipment and leases.
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