Washington Trust prices upsized public offering of 1.9M shares at $34.00 each, net proceeds ~$61.75M

WASHINGTON TRUST BANCORP INC

Offering of 1,911,764 shares at $34.00/share; underwriter may purchase up to 286,764 additional shares.
Expected net proceeds ~$61.75M ($71.01M if option exercised) after underwriting discounts.
Proceeds to support organic growth, balance sheet optimization (sale of lower-yielding loans, securities).
Closing expected December 16, 2024; BofA Securities sole book-runner.

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