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The Washington Trust Co., Rhode Island's largest independent bank, is expanding its mortgage operations in Connecticut with a new lending center in an affluent Hartford suburb.
The Westerly-based bank said its newest mortgage loan production center has opened in Glastonbury with an eight-person staff.
Stephen M. Bessette, Washington Trust's executive vice president of retail lending, said the lending office in the greater Hartford area gives the bank a greater reach into the Connecticut mortgage market. "Washington Trust has been successful in mortgage banking because we offer a complete line of competitive mortgage options, along with trusted advice and a high level of customer service," he said.
Washington Trust, which announced the opening of the Glastonbury lending center this week, said its new mortgage team can originate residential loans, including fixed- and variable-rate products, as well as construction loans, jumbo mortgages, reverse mortgages and home equity-related products.
Mortgage loan processing and underwriting also is being done at the home-loan center in Glastonbury, according to bank officials. The center is located at 180 Glastonbury Boulevard, Suite 107.
Steven Veronesi of South Glastonbury, who has more than 25 years of lending experience, is the center's vice president and Connecticut area manager.
Among the other mortgage-lending professionals in the loan center are James Gueltzow of Westerly, vice president and Connecticut regional manager, and Kathleen Dolan of Salem, a mortgage loan officer with more than 10 years of lending experience.
Washington Trust, founded in 1800, provides mortgage lending services throughout southeastern New England.
The bank has 16 Rhode Island branches, along with operations in southeastern Connecticut, as well as home-loan centers in Sharon and Burlington, Mass.
Bank officials also said they are hiring a mortgage-lending team for a new home-loan center scheduled to open in Warwick, R.I., in the coming year.