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Washington Trust Bank Names Chris Rasmussen Oregon President.

PORTLAND, Ore. -- Bank's first Oregon office offers commercial banking, private banking, real estate banking and wealth management services

Washington Trust Bank, the oldest and largest privately owned commercial bank in the Northwest, announced today it has opened an office in Portland, and named Chris Rasmussen as president of the Oregon region.

During his 25 years in the industry, Rasmussen has held management positions at several banking institutions in Oregon and Washington state. Most recently, he served as president of Pacific Northwest Bank Oregon and its predecessor, Bank of the Northwest. As a vice chairman at US Bank, Rasmussen had overall responsibility for the company's business banking operations in the seven Western states.

Washington Trust also has hired Rorie Leone and Ed Kluss, formerly of Washington Mutual, as vice president & relationship managers for the Oregon region's commercial banking division. Portland banking industry veteran, Jamie Hansen, will be responsible for all office operations in her role as assistant vice president.

"We are thrilled to enter Oregon with such an experienced and respected local team at the helm," said Peter Stanton, CEO of Washington Trust Bank. "Chris Rasmussen and his group represent the best that Oregon has to offer. Together they will carry on Washington Trust Bank's long tradition of exemplary customer service. I'm proud to welcome them to the Washington Trust family."

Since its founding in 1902, four generations of the Stanton family have led Washington Trust Bank, which is headquartered in Spokane. With 32 branches across Washington and Idaho, services offered include commercial banking, private banking, real estate banking, cash management, and trust and wealth management, among other services.

"This is great news for businesses and individuals looking to work with a locally controlled bank that's also large enough to deliver the services of the big players in town," said Chris Rasmussen, president of Washington Trust Bank's Oregon region. "The company's commitment to its clients, its employees and the communities it serves is unparalleled, and I'm very excited to carry on that legacy in Oregon."

Washington Trust's Oregon headquarters are temporarily housed in the Pittock Building on SW Washington in Portland. In early 2005, the office will move to a permanent location, on the 13th floor of the Public Service Building on SW Sixth Avenue in Portland. The office can be reached at 503-778-7077.

Washington Trust Bank is the largest independently owned full-service commercial bank in the Northwest, serving the region since 1902. A wholly owned subsidiary of W.T.B. Financial Corporation, Washington Trust Bank has assets of $2.4 billion. The Bank is based in Spokane and currently has 37 locations, including 32 branches in Washington and Idaho, Commercial and Wealth Management offices in Seattle and Bellevue, Wash., a Wealth Management & Advisory Services office in Boise, Idaho, and a Builder Services Loan Office in American Forks, Utah.
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Publication:Business Wire
Date:Nov 12, 2004
Words:468
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