• Washington Trust Bancorp, Inc.
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  • Washington Trust Announces Dividend Increase
    Company Release - 03/16/2006 12:49

    WESTERLY, R.I.--(BUSINESS WIRE)--March 16, 2006--The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: National Market; symbol: WASH), today declared a quarterly dividend increase to 19 cents per share for the quarter ending March 31, 2006. The dividend is payable April 14, 2006 to shareholders of record on March 31, 2006. This represents the fourteenth consecutive year with a dividend increase.

    Washington Trust Bancorp, Inc. is the publicly-owned holding company of The Washington Trust Company, a Rhode Island-chartered bank founded in 1800. Through the Bank and its other subsidiaries, Washington Trust offers a broad range of financial services, including wealth management, by way of its branch offices in Rhode Island, Massachusetts and southeastern Connecticut. Washington Trust Bancorp, Inc.'s common stock trades on The Nasdaq Stock Market(R) under the symbol WASH. Investor information is available on the Corporation's web site: 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 actual results, performance or achievements of the Corporation (as defined below) 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 wealth management and trust assets under administration, 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. The Corporation assumes no obligation to update forward-looking statements or update the reasons actual results, performance or achievements could differ materially from those provided in the forward-looking statements, except as required by law.

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