CONTACT: Charlene P. Davenport, Public and Community Relations Coordinator, 401-348-1363
DATE: July 31, 2006
Washington Trust Offers Home Buyer Assistance
July 31, 2006 (Westerly, RI) . . . . The Washington Trust Company has announced the Bank will provide funds to create housing opportunities for income-eligible households through the Equity Builder Program.Washington Trust recently received a $100,000 grant from the Federal Home Loan Bank of Boston, to assist borrowers with down payment and closing costs on a first-come first-served basis. Eligible borrowers may request up to $15,000 per household, and have household income no greater than 80% of the area median income. Eligible properties would include single family, owner-occupied, 1-4 family, town homes, duplexes, and condominiums. Borrowers also must attend a homeownership counseling program. For more information, contact Linda S. Smith, Vice President of Retail Lending at 401-348-1229.
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 wealth management, through its offices located in Rhode Island, southeastern Connecticut and Massachusetts. 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.
