Washington Trust announces $55M common stock offering with 30-day option for additional 15%

WASHINGTON TRUST BANCORP INC

Offering of $55M in common stock; underwriter BofA Securities granted 30-day option to buy up to 15% more shares.
Proceeds to support organic growth, balance sheet optimization including sale of lower-yielding loans and AFS securities.
Repayment of wholesale funding and purchase of debt securities with current market yields expected.
Preliminary prospectus supplement filed Dec. 12, 2024; offering registered under shelf registration statement.

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