Washington Trust Provides Financing To SmithCo. Oil Service Inc.

July 2, 2007 (Westerly, RI). . . The Washington Trust Company Commercial Lending Group, is providing a $1 million line of credit to SmithCo. Oil Service, Inc. of Wakefield, R.I. The financing will provide working capital. SmithCo Oil Service, Inc., owned by Stephen D. Smith of Wakefield, R.I., is a distributor of home heating fuel and also installs and services home heating systems.

“Washington Trust is happy to continue our relationship with SmithCo Oil Service, Inc. by providing renewal of a working capital line of credit,” said John C. Warren, chairman and CEO of The Washington Trust Company.

Washington Trust's Commercial Lending Group offers a full venue of credit and cash management products. For more information, contact Chris Sheehan, vice president and market manager, toll-free at 800-475-2265 or 401-348-1341.

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.