Washington Trust Co., Westerly, R.I., has promoted David V. Devault to executive vice president.

Mr. Devault is treasurer and chief financial officer the bank and its parent, $899 million-asset Washington Trust Bancorp. He is also a vice president of the holding company.

He joined the organization in 1986 from KPMG Peat Marwick in Providence, starting as controller of the bank. The next year he was named named vice president and CFO of the bank and the holding company. In 1990 he was promoted to senior vice president of the bank; last year he was named treasurer of both.

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