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Washington Trust Bancorp, Inc. Announces 4 Cent Dividend Increase

Second Quarterly Dividend Increase in 2018

WESTERLY, R.I., Dec. 20, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Washington Trust Bancorp, Inc., (WASH), today declared a quarterly dividend of 47 cents per share for the quarter ending December 31, 2018. The declaration represents a four cent per share increase over the most recent quarterly dividend rate. This is Washington Trust’s second dividend increase in 2018, as the Corporation also increased the dividend in the first quarter of 2018 by four cents. The dividend will be paid January 11, 2019 to shareholders of record on January 2, 2019.

Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, with $4.8 billion in assets as of September 30, 2018. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation’s common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation’s web site at ir.washtrust.com.

Elizabeth B. Eckel
SVP, Marketing & Investor Relations