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FOR IMMEDIATE RELEASE
CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing, 401-348-1309
DATE: May 12, 2008

Washington Trust Announces Special Loan Rate

May 12, 2008 (Westerly, Rhode Island). . .The Washington Trust Company has announced a special loan rate to help homeowners to finance the improvement and upgrade of the septic system on their residential property. The special program consists of a discounted loan rate with no fees, points or closing costs and is disbursed directly to the excavator or contractor.

Recent changes to DEM state septic system regulations, affecting homeowners living in CRMC's Salt Pond and Narrow River Special Area Management Plan areas (parts of Charlestown, Narragansett, North Kingstown, South Kingstown and Westerly), now require home and business owners who repair or upgrade their septic systems to install a denitrification system.

To apply for a loan or obtain rates, stop by any Washington Trust branch, visit www.washtrust.com or call Washington Trust toll-free 1-800-475-2265.

The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.5 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.

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