Washington Trust Hires New Assistant Vice President

Albert M. Jaffarian, of Pawtucket, R.I., has joined Washington Trust as an assistant vice president and portfolio manager, and is located in the Bank’s Commercial Lending Office at 10 Weybosset Street in Providence. He is responsible for credit analysis and management of commercial loan portfolios, including asset based loans.

Jaffarian has more than twenty-four years of credit and portfolio management experience, and most recently worked for large financial institutions in both Boston and Providence. He has an M.B.A from Anna Maria College and a bachelor’s degree in management from Worcester State College. Jaffarian is also a Chartered Financial Analyst (CFA), and is a member of the Education Advisory Committee for the CFA Institute, and a member of the Providence Society of Financial Analysts.

The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.9 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 Global Select® Stock Market under the symbol WASH. Web site address: www.washtrust.com.