Washington Trust Provides Financing for Acme Tackle Company

Washington Trust's Commercial Lending Group recently provided financing for working capital for Acme Tackle Company, of 69 Bucklin Street, Providence R.I.

Acme Tackle Company has been owned and operated in Providence, RI by the Lavallee family since 1952. Art Lavallee, Jr. has been Acme's president since 1977. Acme manufactures metal fishing lures, which are sold throughout the world. Acme's best known lure is the “KASTMASTER”, which is used in both fresh and salt water.

“Washington Trust is pleased to provide financing to Acme Tackle Company,” said John C. Warren, chairman and CEO of The Washington Trust Company. “We wish the Lavallee family continued success with their fishing lure business.”

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 $3.0 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 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.Corporation's common stock trades on The NASDAQ Stock Market under the symbol WASH. Web site address: www.washtrust.com.