secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0000737468-24-000053
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000053/0000737468-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000053/wash-20241212.htm
  HTML page:      https://secwatch.observer/filing/0000737468-24-000053

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