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|Washington trust bank commercial lending|
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McDermott + Bull Places Chief Compliance Officer, Washington Trust Bank
McDermott + Bull has successfully placed Shannon Cowley as the Chief Compliance Officer for Washington Trust Bank. In this newly created position, Shannon will provide critical input on Washington Trust’s compliance philosophy and strategic execution as the bank nears the $10 billion threshold.
Prior to joining Washington Trust, Shannon spent the last 13 years with $115 billion Huntington National Bank, where she most recently served as Senior Vice Washington trust bank commercial lending and Enterprise Compliance Risk Director. In this role, she reported to the Chief Compliance Officer and led teams across consumer and corporate operations and commercial lending. She earned her Bachelor of Arts degree from Albion College in Michigan.
Founded in 1902, Washington Trust is the longest standing and largest privately-owned commercial bank in the Pacific Northwest. It has thrived throughout the course of every economic cycle and market shift over the past 118 years. Washington trust bank commercial lending more than $8.8B in assets and 42 financial centers in Washington, Oregon, and Idaho, the bank offers a full suite of diversified services to its clients including commercial banking, private banking, and wealth management and trust services.
This executive search was completed by McDermott + Bull President Brandon Biegenzahn, Vice President Michelle Davis, and Senior Executive Recruiter Courtney Dorrel.
Washington Trust Bank Expands Partnership to Baker Hill NextGen®
CARMEL, Ind., Feb. 19, 2020 /PRNewswire/ -- Baker Hill, the leading financial technology provider in delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, today announces a renewed partnership with Washington Trust Bank. Washington Trust Bank will be migrating to Baker Hill NextGen®, Baker Hill's unified solution that streamlines loan origination and portfolio risk management for commercial, small business and consumer lending.
Washington Trust Bank, the oldest and largest privately held commercial bank in the Pacific Northwest, is a diversified financial service holding company headquartered in Spokane, Washington with more than 40 financial centers and offices in Washington, Idaho and Oregon. Since 1902, Washington Trust Bank has endeavored to provide customers with quality service and financial stability. With an emphasis on customer service and relationship lending, Washington Trust Bank contains a strong commercial and industrial portfolio. Other concentrations include agriculture, commercial real estate, and professional lending.
By utilizing Baker Hill Advisor, Washington Trust was able to minimize the number of systems that their relationship managers needed to work with for their commercial and portfolio risk management. Their solution suite also includes online loan application and consumer loan origination. Choosing to build upon its existing relationship with Baker Hill by migrating to Baker Hill NextGen®, the bank will gain a modern user interface that is engineered to adapt to the evolving washington trust bank commercial lending of clients and offer access to all functions and data within a singular platform.
"We've been more than satisfied by our existing relationship with Baker Hill over the years, making this transition into Baker Hill NextGen® even more exciting," said Jack Heath, president and chief operating officer of Washington Trust Bank. "Being our trusted solution provider made choosing Baker Hill NextGen® an easy decision and we look forward to continuing to grow with them in the future."
Washington Trust Bank's decision to transition to Baker Hill NextGen® solution bank of america in barstow california driven by a desire to serve customers more efficiently while offering the industry's best resources for portfolio management. With Baker Hill NextGen®, Washington Trust Bank can automate, integrate and streamline commercial lending processes, allowing small and medium-sized businesses to increase productivity while minimizing risk.
"We are thrilled to expand our partnership with Washington Trust Bank into the logical next phase of collaboration," said John M. Deignan, president and chief executive officer of Baker Hill. "We're looking forward to this evolution of the relationship with the expanded capabilities and software needed to support their requirements with Baker Hill NextGen®."
Baker Hill NextGen® is a unified, responsive, cloud-based solution for loan origination, portfolio risk management and business intelligence, designed to meet the modern needs of financial institutions in a single platform. Baker Hill NextGen® is also the expert solution for relationship management, CECL and analytics for financial institutions. Other features include commercial loan origination for judgmental decisioning, client relationship management and exception tracking. The solution combines comprehensive loan origination features with the latest technical advancements in cloud and mobile computing, streamlining lending processes and portfolio risk management while improving accuracy and enabling a better customer experience.
This news follows the announcement of Baker Hill being selected by Aite Group as best-in-class commercial loan origination system. The analyst firm's 2019 Impact Report, "Commercial Loan Origination: Evaluating Vendors That Hone The Tip of the Spear," recognized Baker Hill's breadth of product features, superior client services, and client loyalty in the market.
For more information on Baker Hill, visit www.bakerhill.com.
About Baker Hill
Baker Hill empowers financial institutions to work smarter, reduce risk and drive more washington trust bank commercial lending relationships. The company delivers a single unified platform with modern solutions to streamline loan origination and portfolio risk management for commercial, small business and consumer lending. The Baker Hill NextGen® platform also delivers sophisticated analytics and marketing solutions that support sound business decisions to mitigate risk, generate growth and maximize profitability. Baker Hill is the expert solution for loan origination, portfolio risk and relationship management, CECL and analytics for financial institutions in the United States. For more information, visit www.bakerhill.com.
About Washington Trust Bank
Washington Trust Bank is the largest independently owned full-service commercial bank in the Northwest, serving the region since 1902. Washington Trust Bank has $7.2 billion in assets. Headquartered in Spokane, Washington Trust currently has 40 branches and offices in Washington, Idaho, and Oregon. The bank employs over 1,000 people. Details can be found at https://www.watrust.com.
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As a senior relationship manager, Steven offers Washington Trust Bank clients more than a decade of experience in business banking including portfolio management, commercial lending and credit, and credit analysis. Steven is effective at financial analysis and underwriting, and he is well-versed in structuring and executing all types of business financing, including working capital lines of credit, business acquisition loans and commercial real estate loans.
Steven has dedicated his career to developing strong customer relationships and providing complex business clients with products and services that contribute to their success. He serves clients from Portland and southwest Washington, where he has developed an in-depth understanding of the market’s unique needs.
A graduate of Oregon State University, Steven has a Bachelor of Science in business administration in the area of finance.
- CASA for Children of Multnomah, Washington & Columbia Counties – Board Member and Finance Committee
Allison Knapp Joins Washington Trust as Vice President of Commercial Real Estate in Connecticut
New Haven, CT – The Washington Trust Company is pleased to announce that Allison Knapp has joined the Bank’s commercial real estate group as a vice president and relationship manager in Connecticut, primarily in the Fairfield and New Haven markets. Allison’s will focus on commercial construction projects, real estate acquisitions, and refinancing of commercial properties throughout the Bank’s Connecticut market area. She’s experienced in all property sectors including multi-family, residential, industrial, retail, medical office, and hospitality.
A lifelong Connecticut resident, she joins Washington Trust with more than 25 years of lending experience. She brings deep expertise in relationship management, negotiation, and structuring, and washington trust bank commercial lending her career has worked both in commercial real estate as well as business lending to industries including healthcare, manufacturing, service, nonprofits and more. Her broad experience, reputation for stellar customer service and business development skills will be key assets for Washington Trust.
Knapp is a committed member of her community and has been involved with various municipal Chambers and nonprofit organizations over the years. She is an washington trust bank commercial lending member of the Home Builders & Remodelers Association (HBRA) of Fairfield County and the Real Estate Finance Association (REFA).
She joins Washington Trust from her former role as a senior vice president and team leader for washington trust bank commercial lending southern region commercial lending group at Fairfield County Bank based out of Westport, CT. Knapp holds her bachelor’s degree in economics from Fairfield University and lives in Milford with her family.
View more company newsИсточник: https://washtrust.envisionweb.design/news/allison-knapp-joins-washington-trust-as-vice-president-of-commercial-real-estate-in-connecticut
Washington Trust Provides $28.5M in Commercial Financing for 14-Property Multi-Family Portfolio in New Haven and West Haven, CT
Washington Trust's Commercial Real Estate Group recently provided $28.5 million to Hadley, Inc., for the refinancing of a 14-property multi-family portfolio located across New Haven and West Haven, Connecticut. The 14 buildings in the washington trust bank commercial lending consist of a total of 383 units. The properties, which include nine in New Haven and five in West Haven, are mostly pre-war, class-B buildings featuring hardwood floors, fireplaces and fine detailed moldings characteristic of the era.
"We have dealt with some larger banks the last few years, and Washington Trust was a welcome relief with excellent personal service and prompt responses throughout the process," said Allen Hadelman, President of Hadley, Inc. "Tim Pickering, our lending officer at the Bank, was very knowledgeable of the area and a pleasure to work with."
"Washington Trust is washington trust bank commercial lending of the opportunity to do business with Hadley, one of New Haven's premier multifamily owners," said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust's Commercial Real Estate Group. "The properties are immaculate, with lovely character, and are extremely well located throughout the greater New Haven market."
Since 1977 Hadley, Inc. has been meeting the needs of renters in the New Haven, Westville, and West Haven areas, catering, among others, to many connected with Yale University, its hospitals, and to many working in downtown New Haven, Westville, and West Haven.
Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Timothy Pickering, Senior Vice President, Commercial Real Estate Group, at 401-348-1482 or 1-800-475-2265 ext. 1482.
ABOUT WASHINGTON TRUST®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.
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