Washington Trust Bancorp Forms Dedicated Team for Institutional Banking Services

Washington Trust Bancorp Strengthens Institutional Banking Focus

Washington Trust Bancorp is making significant strides in its effort to enhance its commercial banking operations by establishing a dedicated institutional banking team. Announced on January 21, 2026, this initiative aims to specifically address the financial needs of independent schools, private colleges, universities, healthcare providers, and cultural institutions across the Northeast. The team is led by Gerald S. "Jerry" Algere, whose extensive 35-year career in developing multibillion-dollar client banking teams equips him well for this new role. His previous experience in the greater Boston area positions him as a key figure in driving Washington Trust’s ambitions in the institutional banking landscape.

Joining Algere are three accomplished professionals: Omar Hazoury, Marissa Lozano, and Danuta I. Surowiec. Each member of this team brings a wealth of knowledge and a proven track record in commercial banking, which will be instrumental in delivering tailored financial solutions to institutional clients. The creation of this team is part of a broader strategy initiated with the appointment of Jim Brown as senior executive vice president and chief commercial banking officer in 2025. Brown’s reputation for cultivating high-performing teams aligns perfectly with the goals of this new group, as he emphasizes the importance of exceptional service and responsiveness in meeting the unique demands of their diverse clientele.

This strategic enhancement not only positions Washington Trust as a leader in nonprofit financial services but also sets the stage for accelerated growth in the institutional banking market. By leveraging the combined expertise of the newly formed team, Washington Trust aims to deliver comprehensive finance solutions that cater to the specific needs of institutional organizations. As they embark on this journey, the focus on cultivating strong client relationships and understanding the intricacies of nonprofit financial management will be paramount to their success.

In addition to the formation of the institutional banking team, Washington Trust continues to emphasize its commitment to the communities it serves. The bank recognizes the vital role that educational and cultural institutions play in society and aims to support their financial health through innovative banking solutions. By actively engaging with these sectors, Washington Trust not only strengthens its client base but also contributes positively to the economic landscape of the Northeast.

As Washington Trust Bancorp forges ahead with this initiative, it reinforces its dedication to meeting the evolving needs of institutional clients. The establishment of a specialized banking team signifies a proactive approach to addressing the complexities of nonprofit finance, positioning the bank for a robust future in the institutional banking sector.