CONTACT: Charlene P. Davenport, Marketing, 401-348-1363
DATE: September 18, 2006
Washington Trust Provides $125,000 to Westerly Public Library
September 18, 2006 (Westerly, RI) . . . The Washington Trust Company has pledged $125,000 to the Westerly Public Library in support of their $7 million capital campaign. The campaign's goals are to renovate the library and make improvements to Wilcox Park. The Library & Park Campaign will continue through June of 2007. The Park renovations have begun and the Library renovations will being in the spring of 2007.
"The Library is a vital community resource, and the Park is an integral part of our community's past, present and future," said John C. Warren, Chairman and Chief Executive Officer of Washington Trust.
"Washington Trust sets the bar for other businesses to donate," said Kathryn Taylor, executive director of the Memorial and Library Association of Westerly, a private not-for-profit organization that owns the Westerly Library and Wilcox Park. "For Washington Trust to give right at the beginning of the campaign, it helps us out in the long term and short term, by helping us to encourage other businesses to match Washington Trust."
"The park and library are very important to the quality of life in our town," said Dennis L. Algiere, a senior vice president for Washington Trust and chairman of the Library & Park Campaign. "And we're thrilled with the Bank's donation."
David A. Sayles, president, Memorial and Library Association
Board of Directors and Kathryn T. Taylor, executive director of
the Memorial and Library Association of Westerly accept $125,000
check from John C. Warren, chairman and chief executive officer
of The Washington Trust Company and Dennis L. Algiere, senior vice
president for Washington Trust and chairman of the Library &
Park Campaign.
The Washington Trust Company is a subsidiary of Washington Trust
Bancorp, Inc., a $2.4 billion corporation headquartered in Westerly,
Rhode Island. Founded in 1800, Washington Trust is the oldest community
bank in the nation and is the largest independent bank headquartered
in Rhode Island. A state-chartered bank, Washington Trust offers
a full range of financial services, including personal banking,
business banking, and wealth management and trust services, through
its offices located in Rhode Island, southeastern Connecticut and
Massachusetts. The Corporation's common stock trades on The NASDAQ®
Stock Market under the symbol WASH. Web site address: www.washtrust.com.
