
John Heath
President & Chief Operating Officer
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- Full Name
- John ("Jack") E. Heath III
- Title
- Chief Executive Officer, Washington Trust Bank (previously President & Chief Operating Officer, 2000–2024)
- Firm
- Washington Trust Bank / W.T.B. Financial Corporation
- Firm Type
- Privately owned community bank (commercial and consumer banking, wealth/investment services) — not an angel or venture investment firm
- Investment Stage
- Not applicable in a venture sense — his institution is a commercial lender, not a seed-stage equity investor
- Sector Focus
- Commercial banking, retail banking, wealth and investment services
- Geographic Focus
- Pacific Northwest / Inland Northwest (Washington, Idaho, Oregon)
- Location
- Spokane, Washington
Background
John "Jack" E. Heath III has spent his entire banking career at Washington Trust Bank, which he joined in 1989. He rose through leadership roles across the bank's Commercial and Retail divisions, Investment Services, and Marketing before being named President and Chief Operating Officer in 2000 — succeeding Peter Stanton in that post. In April 2024, as part of a broader leadership reshuffle, Heath was named Chief Executive Officer, becoming the first person outside the Stanton family to lead the company in its 120-plus-year history. In the same restructuring, former Chief Lending Officer Kevin Blair became President and Jim Branson became COO.
Washington Trust Bank, headquartered in Spokane, describes itself as the largest privately owned community bank in the Northwest, with roughly $11 billion in assets. As CEO, Heath also sits on the boards of Washington Trust Bank and its holding company, W.T.B. Financial Corporation. He was recognized by the *Spokane Journal of Business* in its "People of Influence" features in both 2024 (as President & COO) and 2025 (as President & CEO).
Heath holds a bachelor's degree in finance from the University of Idaho and an MBA in finance from Gonzaga University. He is deeply embedded in the Inland Northwest civic and philanthropic community, having served on boards including the Washington Bankers Association (board member and past chair), Pacific Coast Banking School, the Community Cancer Fund, and LaunchNW, and as a former member of Gonzaga University's Board of Regents. He is a past chair of the Spokane County United Way Campaign, Greater Spokane Incorporated, and Premera Blue Cross. In profile interviews he has cited mottos such as "Hope is not a strategy" and advised, "Do not ever let fear of failure hold you back."
Investment Thesis & Focus
- This is institutional commercial banking, not angel/venture investing. Heath leads a full-service community bank whose "capital deployment" takes the form of commercial and consumer lending, wealth management, and investment services across the Pacific Northwest — not equity checks into startups.
- If a founder's need is debt financing, treasury/banking services, or wealth management for a Northwest-based business, Washington Trust is a relevant institution; if the need is seed equity, Heath and the bank are not the right target.
- No publicly stated personal angel thesis, check size, or startup portfolio could be found. Any claim of a "seed-round" venture focus for Heath personally is unsupported by the available record.
Notable Investments
- No verifiable personal angel or venture investments were found. Heath's public financial role is running Washington Trust Bank's lending and banking operations, not backing individual startups.
- His most relevant "investment"-adjacent civic commitment is LaunchNW — but that is an Innovia Foundation education/scholarship initiative (birth-to-career support, scholarships, and wraparound services across 20 counties in eastern Washington and North Idaho), not a startup-investment vehicle. Heath serves on its board; it has raised roughly $72M toward a $150M goal.
- *(No startup portfolio companies, rounds, or exits can be attributed to him from public sources.)*
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