Washington Trust Hires 35-Year C&I Veteran and SBA Expert as VPs
Washington Trust hires two seasoned commercial bankers, Daniel Hagerty (35-year C&I lending specialist) and Thomas Quinlan (20+ years, SBA lending), to bolster its commercial banking and advisory services for small and mid-sized businesses across New England. This move strengthens the bank’s leadership bench and could accelerate regional C&I loan growth.
1. New Hires Details
Daniel Hagerty joins as vice president, commercial banking, bringing over 35 years of experience in commercial lending, credit administration and market leadership, most recently managing complex loan portfolios for a Massachusetts-headquartered bank. Thomas Quinlan is named vice president, commercial banking, with more than two decades of business and commercial banking experience, including SBA lending, portfolio management and relationship development.
2. Strategic Rationale
These appointments aim to enhance Washington Trust’s capacity to provide tailored financing, deposit and cash-management solutions to small and mid-sized businesses in Rhode Island, Connecticut and Massachusetts. Their combined expertise addresses both C&I lending and SBA financing needs to support client growth while maintaining credit quality.
3. Impact on Commercial Banking
By strengthening its commercial banking leadership, Washington Trust positions itself to capture additional regional market share, drive loan portfolio expansion and deepen advisory relationships with business clients across New England.