Washington Trust Bank, a Spokane-based full-service community bank, has hired local banking executive Erik Selden to expand the company’s footprint into Southwest Washington.
Washington Trust entered the Portland market in 2005 and has since grown. The institution has an Oregon-based commercial and industrial banking portfolio with deposits of nearly $400 million and manages $350 million in assets within its trust and wealth-management group, according to a press statement.
Selden has been brought on as senior vice president and team leader. He has spent more than 15 years in the industry in both Oregon and Southwest Washington, most recently as senior vice president and business banking manager for First Citizens Bank. The longtime Vancouver resident also volunteers in the region with organizations like the Portland Activities & Athletics League and the Northwest Association for Blind Athletes.
Washington Trust Bank is the largest independently owned, full-service commercial bank in the Northwest. The bank, which opened in 1902, is a wholly owned subsidiary of W.T.B. Financial Corp. and has assets exceeding $11 billion.
The bank is headquartered in Spokane and has more than 40 branches and offices in the Pacific Northwest, including Idaho. It has about 1,100 employees.
Washington Trust Bank isn’t the first financial institution from Eastern Washington that’s made inroads in Clark County. Spokane-based Sterling Savings acquired locally owned First Independent Bank in 2011, before it was purchased by Umpqua Holdings Corp. in 2014. HAPO Community Credit Union, headquartered in Richland, opened here in 2017.
Washington Trust currently has no locations in Vancouver or Clark County.