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Washington Trust Bank
Washington Trust Bank is an American diversified financial services holding company headquartered in Spokane, Washington. It is the oldest and largest privately held commercial bank in the Pacific Northwest, and has more than 40 financial centers and offices in Washington, Idaho and Oregon with over 1,000 employees. As of December 2014, the bank had assets in excess of $4.77 billion. Background Washington Trust opened in 1902 as The Washington Trust Company. Current CEO Peter F. Stanton is the fourth generation of the Stanton family to lead the bank. The bank operates offices throughout Washington, Oregon and Idaho. The first branches in Idaho opened in 1989, while the first branch in Portland opened in 2004. Washington Trust also expanded to the Puget Sound area, opening offices in Seattle in 2000 and in Bellevue in 2004. Services Services offered by the bank include personal and commercial banking, home loans, private banking, wealth management and advisory services, trust se ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Spokane, Washington
Spokane ( ) is the largest city and county seat of Spokane County, Washington, United States. It is in eastern Washington, along the Spokane River, adjacent to the Selkirk Mountains, and west of the Rocky Mountain foothills, south of the Canada–United States border, Canadian border, west of the Washington–Idaho border, and east of Seattle, along Interstate 90 in Washington, I-90. Spokane is the economic and cultural center of the Spokane metropolitan area, the Spokane–Coeur d'Alene combined statistical area, and the Inland Northwest. It is known as the birthplace of Father's Day (United States), Father's Day, and locally by the nickname of "Lilac City". Officially, Spokane goes by the nickname of ''Hooptown USA'', due to Spokane annually hosting Spokane Hoopfest, the world's largest basketball tournament. The city and the wider Inland Northwest area are served by Spokane International Airport, west of Downtown Spokane. According to the 2010 United States census, 2010 ce ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Pacific Northwest
The Pacific Northwest (sometimes Cascadia, or simply abbreviated as PNW) is a geographic region in western North America bounded by its coastal waters of the Pacific Ocean to the west and, loosely, by the Rocky Mountains to the east. Though no official boundary exists, the most common conception includes the U.S. states of Oregon, Washington (state), Washington, and Idaho, and the Canadian province of British Columbia. Some broader conceptions reach north into Alaska and Yukon, south into northern California, and east into western Montana. Other conceptions may be limited to the coastal areas west of the Cascade Mountains, Cascade and Coast Mountains, Coast mountains. The variety of definitions can be attributed to partially overlapping commonalities of the region's history, culture, geography, society, ecosystems, and other factors. The Northwest Coast is the coastal region of the Pacific Northwest, and the Northwest Plateau (also commonly known as "British Columbia Interi ...
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Washington (state)
Washington (), officially the State of Washington, is a state in the Pacific Northwest region of the Western United States. Named for George Washington—the first U.S. president—the state was formed from the western part of the Washington Territory, which was ceded by the British Empire in 1846, by the Oregon Treaty in the settlement of the Oregon boundary dispute. The state is bordered on the west by the Pacific Ocean, Oregon to the south, Idaho to the east, and the Canadian province of British Columbia to the north. It was admitted to the Union as the 42nd state in 1889. Olympia is the state capital; the state's largest city is Seattle. Washington is often referred to as Washington state to distinguish it from the nation's capital, Washington, D.C. Washington is the 18th-largest state, with an area of , and the 13th-most populous state, with more than 7.7 million people. The majority of Washington's residents live in the Seattle metropolitan area, the center of trans ...
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Idaho
Idaho ( ) is a state in the Pacific Northwest region of the Western United States. To the north, it shares a small portion of the Canada–United States border with the province of British Columbia. It borders the states of Montana and Wyoming to the east, Nevada and Utah to the south, and Washington and Oregon to the west. The state's capital and largest city is Boise. With an area of , Idaho is the 14th largest state by land area, but with a population of approximately 1.8 million, it ranks as the 13th least populous and the 7th least densely populated of the 50 U.S. states. For thousands of years, and prior to European colonization, Idaho has been inhabited by native peoples. In the early 19th century, Idaho was considered part of the Oregon Country, an area of dispute between the U.S. and the British Empire. It officially became U.S. territory with the signing of the Oregon Treaty of 1846, but a separate Idaho Territory was not organized until 1863, instead ...
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Oregon
Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of its eastern boundary with Idaho. The 42nd parallel north, 42° north parallel delineates the southern boundary with California and Nevada. Oregon has been home to many Indigenous peoples of the Americas, indigenous nations for thousands of years. The first European traders, explorers, and settlers began exploring what is now Oregon's Pacific coast in the early-mid 16th century. As early as 1564, the Spanish expeditions to the Pacific Northwest, Spanish began sending vessels northeast from the Philippines, riding the Kuroshio Current in a sweeping circular route across the northern part of the Pacific. In 1592, Juan de Fuca undertook detailed mapping and studies of ocean currents in the Pacific Northwest, including the Oregon coast as well as ...
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Portland, Oregon
Portland (, ) is a port city in the Pacific Northwest and the largest city in the U.S. state of Oregon. Situated at the confluence of the Willamette and Columbia rivers, Portland is the county seat of Multnomah County, the most populous county in Oregon. Portland had a population of 652,503, making it the 26th-most populated city in the United States, the sixth-most populous on the West Coast, and the second-most populous in the Pacific Northwest, after Seattle. Approximately 2.5 million people live in the Portland metropolitan statistical area (MSA), making it the 25th most populous in the United States. About half of Oregon's population resides within the Portland metropolitan area. Named after Portland, Maine, the Oregon settlement began to be populated in the 1840s, near the end of the Oregon Trail. Its water access provided convenient transportation of goods, and the timber industry was a major force in the city's early economy. At the turn of the 20th century, the ...
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Puget Sound Area
The Puget Sound region is a coastal area of the Pacific Northwest in the U.S. state of Washington, including Puget Sound, the Puget Sound lowlands, and the surrounding region roughly west of the Cascade Range and east of the Olympic Mountains. It is characterized by a complex array of saltwater bays, islands, and peninsulas carved out by prehistoric glaciers. Poet Robert Sund called the Puget Sound region "Ish River country", owing to its numerous rivers with names ending in "ish", such as the Duwamish, Samish, Sammamish, Skokomish, Skykomish, Snohomish, and the Stillaguamish. The ''ish'' ending is from Salishan languages and means "people of". History The Puget Sound region was formed by the collision and attachment of many terranes ("microcontinents") to the North American Plate between about 50 to 10 million years ago. About 15,000 years ago during the Vashon Glaciation, the Puget Sound region was covered by a lobe of the Cordilleran Ice Sheet. The glacier that covere ...
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Seattle
Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest region of North America. The Seattle metropolitan area's population is 4.02 million, making it the 15th-largest in the United States. Its growth rate of 21.1% between 2010 and 2020 makes it one of the nation's fastest-growing large cities. Seattle is situated on an isthmus between Puget Sound (an inlet of the Pacific Ocean) and Lake Washington. It is the northernmost major city in the United States, located about south of the Canadian border. A major gateway for trade with East Asia, Seattle is the fourth-largest port in North America in terms of container handling . The Seattle area was inhabited by Native Americans for at least 4,000 years before the first permanent European settlers. Arthur A. Denny and his group of travelers, subsequ ...
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Bellevue, Washington
Bellevue ( ) is a city in the Eastside region of King County, Washington, United States, located across Lake Washington from Seattle. It is the third-largest city in the Seattle metropolitan area and has variously been characterized as a satellite city, a suburb, a boomburb, or an edge city. Its population was 122,363 at the 2010 census and 151,854 in the 2020 census. The city's name is derived from the French term ("beautiful view"). Bellevue is home to some of the world's largest technology companies. Before and after the 2008 recession, its downtown area has been undergoing rapid change with many high-rise projects being constructed. Downtown Bellevue is currently the second-largest city center in Washington state, with 1,300 businesses, 45,000 employees, and 10,200 residents. In a 2018 estimate, the city's median household income was among the top five cities in the state of Washington. In 2008, Bellevue was number one in CNNMoney's list of the best places to live an ...
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