Washington Trust Provides Financing For Villa Anginette, LLC

Washington Trust's Commercial Real Estate Group recently provided financing to Villa Anginette, LLC, of North Providence, R.I., for financing property at 2 Smithfield Road in North Providence. The property contains 13 residential units.

Villa Anginette, LLC is owned by Arthur Petrosinelli, who also owns four rental properties in the Providence area. He has more than 20 years of commercial real estate experience as an owner and operator.

"It's a pleasure to work with Mr. Petrosinelli again and to provide financing for his North Providence property." said John C. Warren, Washington Trust chairman and CEO.

Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for construction of, refinancing of, or purchasing investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Julia Anne M. Slom, senior vice president, Commercial Real Estate Group, toll-free at 800-475-2265 or 401-348-1430.

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 .