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FOR IMMEDIATE RELEASE
CONTACT: Elizabeth Eckel, SVP Marketing, 401-348-1309
DATE: February 14, 2005

Washington Trust Richmond Branch to Host Free Seminar for First-Time Homebuyers

Westerly, Rhode Island... The Washington Trust Company and Rhode Island Housing and Mortgage Finance Corporation (RIHMFC) will host a free seminar, "First-Time Homebuying Made Easy," on Wednesday, February 23, 2005, at 6 p.m. at the Richmond branch, 1200 Main Street, Wyoming, RI.

The seminar will explore all aspects of the home purchasing process, including what to expect when buying a home, down payment and closing cost options, the criteria lenders use to examine applicants, and program qualifications. Speakers will include a RIHMFC representative, a Consumer Credit Counseling Service representative, and Janelle M Hayes, a retail lending associate in the Mortgage Origination Department at Washington Trust.

Reservations are required to ensure space and course material availability. Attendees will receive the homebuyer's education certificate that is required for RIHMFC financing. For reservations, call The Washington Trust Company, 401-348-1333 or 1-800-475-2265.

The Washington Trust Company is the largest independent bank headquartered in Rhode Island. Washington Trust offers a full range of financial services, including trust and investment management, through its 16 branch offices located in Rhode Island and southeastern Connecticut. Founded in 1800, Washington Trust is a state-chartered bank and 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.