WESTERLY, R.I.--(BUSINESS WIRE)--June 19, 2003--The Board of
Directors of Washington Trust Bancorp, Inc., (NASDAQ: National Market;
symbol: WASH), today declared a quarterly dividend of 15 cents per
share for the quarter ending June 30, 2003. The dividend is payable
July 15, 2003 to shareholders of record on July 2, 2003.
"The second quarter of 2003 has been a very exciting time for
Washington Trust, as we recently opened our 16th branch location in
Warwick, Rhode Island, the first in that market area," said John C.
Warren, Washington Trust Chairman and CEO. "This branch offers
tremendous growth potential for us and provides a strategic link to
the central and northern RI market areas."
Washington Trust Bancorp, Inc. will release its second quarter
earnings on Thursday, July 17, 2003 at 4:00 p.m. The release will be
followed by an earnings conference call and webcast at 4:30 p.m. that
day. The conference call can be heard over the Bank's website,
www.washtrust.com. To sign up for an email alert, select the Investor
Relations tab on the home page, and then click Investor Information.
The link for the webcast and the email alert can be found under Events
Washington Trust Bancorp, Inc. is the parent company of The
Washington Trust Company, a Rhode Island chartered community bank
founded in 1800. The Bank offers a full range of financial services,
including trust and investment management, through its offices in
Rhode Island and southeastern Connecticut. Washington Trust Bancorp,
Inc.'s common stock trades on The Nasdaq Stock Market(R) under the
symbol WASH. Investment information about the Corporation is available
on the Internet at www.washtrust.com.
This report contains certain statements that may be considered
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The Corporation's actual results,
performance or achievements could differ materially from those
projected in the forward-looking statements as a result, among other
factors, of changes in general national or regional economic
conditions, changes in interest rates, reductions in the market value
of trust and investment assets under management, reductions in deposit
levels necessitating increased borrowing to fund loans and
investments, changes in the size and nature of the Corporation's
competition, changes in loan default and charge-off rates and changes
in the assumptions used in making such forward-looking statements.
CONTACT: Washington Trust Bancorp, Inc.
Elizabeth B. Eckel, 401/348-1309
SOURCE: Washington Trust Bancorp, Inc.