---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-24-000059"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:10:58.337728+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Washington Trust closes upsized stock offering raising ~$71M for balance sheet optimization

## Summary
- Sold 2,198,528 shares total at $34.00 per share, including 286,764 from underwriters' option exercise.
- Net proceeds to Corporation approximately $71.01 million after underwriting discounts.
- Proceeds to support organic growth, balance sheet optimization including sale of lower-yielding loans and debt securities, and repayment of wholesale funding.
- BofA Securities acted as sole book-running manager for the offering.

## SEC filing metadata
- accession: 0000737468-24-000059
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746824000059/0000737468-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746824000059/wash-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-24-000059
- JSON: https://secwatch.observer/filing/0000737468-24-000059.json
- Plain text: https://secwatch.observer/filing/0000737468-24-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.