FOR IMMEDIATE RELEASE
CONTACT: Elizabeth Eckel, SVP Marketing, 401-348-1309
DATE: April 11, 2005

Washington Trust Provides $2.5 Million in Financing for Purchase of Wareham, MA Shopping Plaza

Westerly, Rhode Island... (April 11, 2005) - The Washington Trust Company announced it has provided $2,507,500 to Joseph Iaciofano for the purchase of an 18,390 square foot strip mall in Wareham, MA. The property, Gateway Shopping Center, is currently occupied by five tenants: Dunkin Donuts, CVS Pharmacy, Hollywood Video, RentWay and Wareham Laundry.

"We are pleased to help Mr. Iaciofano with the purchase of the Gateway Shopping Center," said John C. Warren, Chairman and CEO of The Washington Trust Company. "He has been a valued customer of ours for the past six years and we wish him continued success with this recent addition to his real estate portfolio."

Iaciofano, a real estate investor from North Providence, RI, also owns other rental properties in the state that are located in North Providence, Pawtucket, Central Falls, Middletown, North Kingstown and Wakefield.

The Gateway Shopping Center in Wareham, MA, is 40 miles east of Providence, RI and 50 miles southeast of Boston, MA.

The Washington Trust Company is the largest independent bank headquartered in Rhode Island. A state-chartered bank, 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, 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.