• Washington Trust Bancorp, Inc.
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  • Washington Trust Announces Dividend Increase
    Company Release - 03/18/2004 13:55

    WESTERLY, R.I.--(BUSINESS WIRE)--March 18, 2004--The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: National Market; symbol: WASH), today declared a quarterly dividend of 17 cents per share for the quarter ending March 31, 2004. The dividend is payable April 15, 2004 to shareholders of record on April 2, 2004. This represents an increase from the previous quarterly dividend of 16 cents per share.

    John C. Warren, Chairman and Chief Executive Officer of Washington Trust, said, "This dividend declaration represents our twelfth consecutive year of dividend increases, and our third dividend increase since the beginning of 2003. We are pleased that we are once again able to enhance our shareholder value."

    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 loan demand, reductions in deposit levels necessitating increased borrowing to fund loans and investments, changes in loan default and charge-off rates, changes in the size and nature of the Corporation's competition, changes in legislation or regulation and accounting principles, policies and guidelines and changes in the assumptions used in making such forward-looking statements.

    
        CONTACT: Washington Trust Bancorp
                 Elizabeth B. Eckel, 401-348-1309
                 ebeckel@washtrust.com
    
        SOURCE: Washington Trust Bancorp, Inc.