secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0000737468-24-000059
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000059/0000737468-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000059/wash-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000737468-24-000059

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