• Washington Trust Bancorp, Inc.
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  • Washington Trust Announces Fourth Quarter Dividend
    Company Release - 12/18/2003 12:39

    WESTERLY, R.I.--(BUSINESS WIRE)--Dec. 18, 2003--The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: National Market; symbol: WASH), today declared a quarterly dividend of 16 cents per share for the quarter ending December 31, 2003. The dividend is payable January 15, 2004 to shareholders of record on January 5, 2004.

    "This quarter's dividend reflects our commitment our shareholders," said John C. Warren, Chairman and CEO of The Washington Trust Company. "In this regard, we're pleased that, in 2003, Washington Trust twice increased the dividend and declared cash dividends totalling 62 cents per share."

    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 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.