Washington Trust Co. promotes Vesey to exec. VP/chief credit officer
The Washington Trust Company has promoted James Vesey to executive vice president, and chief credit officer. This promotion recognizes Vesey's strong performance in leading the commercial lending function of the bank. Under his leadership, the commercial loan portfolio has grown and he has broadened the size, capabilities and expertise of the commercial lending team.
Vesey has more than 30 years of banking experience including branch banking, corporate lending, and credit administration. He is a member of the Rhode Island Bankers Association, and a member of the Risk Management Association. He has also served on the Board of Governors of the Warwick Boys and Girls Club, as director of the Central RI Development Corporation and was the Westerly Chair of the 2000 and 2001 United Way Annual Campaign. Vesey has also served in leadership roles for the fundraising activities of the National Conference for Community and Justice, Meeting Street Center and Catholic Charities. He is a graduate of Bryant College.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary