Washington Trust Provides Financing To Monahan's Holdings, LLC

July 23, 2007 (Westerly, RI). . . The Washington Trust Company’s Commercial Lending Group provided financing to Monahan’s Holdings, LLC of Narragansett, R.I., for debt restructure. Monahan’s Holdings, LLC’s managing member is Clayton D. Combs, III.

Washington Trust's Commercial Lending Group offers a full venue of credit and cash management products. For more information, contact John Kennedy, vice president, Commercial Lending Group, at 401-348-1680.

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 largest independent bank and the oldest community bank in the nation, headquartered in Rhode Island. A state-chartered bank, Washington Trust offers a full range of financial services, including business banking, personal 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.