FOR IMMEDIATE RELEASE
CONTACT: Brenda D. Farrell, Corporate Communications Manager, 401-348-1363
DATE: March 12, 2004

Washington Trust Provides $1.59 Million in Financing For Lexington, Mass. Shopping Center

Westerly, Rhode Island... The Washington Trust Company announced today that its Commercial Real Estate Group has closed a $1.59 million refinancing loan for CamLex Realty, owners of Marrett Square, an 8,400 square foot shopping center located at 313-321 Marrett Road in Lexington, Mass. Its tenants include a pet store, pastry shop, deli, coffee shop, drycleaner, temporary employment agency, psychology practice, investment firm and a convenience store.

"Our Commercial Real Estate Group has had tremendous success," said John C. Warren, Chairman and CEO of The Washington Trust Company. "This CamLex financing is a good example of how we have extended our lending reach into the New England market."

Washington Trust's Commercial Real Estate Group offers construction, intermediate term, and long-term takeout financing for investment property in the New England region. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects.

Founded in 1800, The Washington Trust Company is a state-chartered bank and offers a full range of financial services, including trust and investment management, through its branch offices in Rhode Island and southeastern Connecticut. The Bank is a subsidiary of Washington Trust Bancorp, Inc. whose common stock trades on The Nasdaq Stock Market® under the symbol WASH. Web site address: www.washtrust.com.