Westerly - The Washington Trust Co. announced Friday that the bank has named Edward O. "Ned" Handy III as president and chief operating officer.
In another change at the executive level, David V. Devault has been named vice chairman, secretary and chief financial officer, according to a release from the board of directors of Washington Trust Bancorp Inc., the bank's parent company.
Handy, previously president of Citizens Bank operations in Connecticut and Rhode Island, will serve under Chairman and Chief Executive Officer Joseph J.
MarcAurele, who previously held the president's title as well. Handy will start his duties in November.
"Ned is well known within the industry and brings a wealth of regional banking experience to Washington Trust," said
MarcAurele, who had been president of Connecticut and Rhode Island operations for Citizens shortly before Handy assumed the posts.
A resident of East Greenwich, R.I., Handy previously served as president and chief executive of Charter One Bank in Ohio as well as heading up Citizens' commercial real estate division. His community leadership has led him to serve on boards ranging from the Rhode Island Foundation to the Rhode Island Hospital Foundation.
Devault has served in various leadership capacities at the bank, including financial affairs, governance and investment community relations.
"David has been instrumental in the corporation's successful growth during his 27-year tenure, and will continue to be a valuable part of our leadership team,"
MarcAurele said in a statement.
Devault's previous title had been senior executive vice president, secretary and chief financial officer. A resident of Westerly, he has been active in a variety of causes, including the