By Rebecca Sausner
Things at Rhode Island-based Washington Trust are holding up quite well. Total loans grew 12 percent in the first nine months of 2008 and deposits increased $127.7 million in the third quarter. The bank declined TARP funds, but raised $50 million in a private placement. Barbara Perino and Mark Gim say the belt will tighten this year, but support of strategic initiatives, particularly in wealth management, will go on. Bank Technology News, a SourceMedia publication, interviewed Perino and Gim about IT spending for 2009.
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