• Washington Trust Bancorp, Inc.
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  • Washington Trust Declares Second Quarter Dividend
    Company Release - 06/17/2004 12:22

    WESTERLY, R.I.--(BUSINESS WIRE)--June 17, 2004--The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 17 cents per share for the quarter ending June 30, 2004. The dividend is payable July 15, 2004 to shareholders of record on July 2, 2004.

    John C. Warren, Chairman and Chief Executive Officer of Washington Trust, said, "The economy has shown signs of growth, our business lines continue to perform well, and our market area is gearing up for a busy summer tourist season. This dividend reflects the solid performance of our company."

    Washington Trust Bancorp, Inc. will release its second quarter earnings on Thursday, July 15, 2004 at approximately 12 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 investor relations section of the Bank's website, http://investorrelations.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 Calendar.

    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