Washington Trust Provides Financing to Contech Medical, Inc.

International Leader in Medical Device Manufacturing

Westerly, Rhode Island...Washington Trust's Commercial & Industrial Lending Group has provided financing to Contech Medical, Inc., a global supplier of medical devices to some of the largest medical supply companies in the world including Bard, Johnson & Johnson and Boston Scientific. Financing will be used for upgrades and renovations to Contech's 100,000 square-foot headquarters located on Hartford Avenue in Providence, RI.

"We're pleased to work with Contech Medical, Inc., a business that has earned global success by following the “old school principals” of combining quality products with excellent customer service." said Joseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer.

“Washington Trust has been a great financial partner, providing the financing we needed to upgrade our facilities so that we can maintain our high production standards,” stated Raymond A. Byrnes, Contech's President and Chief Executive Officer.

Contech Medical, Inc. (formerly Contech Packaging, Inc.) is a multimillion dollar contract manufacturer of medical device dispenser coils. Among the items it fabricates and manufactures are spiral-wound and clipped guidewire/catheter/stent dispensers used in conjunction with heart catheterizations and angioplasty. Contech also manufacturers and packages a whole range of other patented and proprietary medical products from drug delivery equipment to dental implants that it supplies nationally and internationally. The company was one of the first in Rhode Island to achieve ISO13485, a manufacturing standard which encompasses a host of in depth quality requirements for the comprehensive management, design and manufacture of medical devices.

For more information, contact Keith D. Kelly, vice president, Commercial Lending, toll-free at 800-475-2265 or directly at 401-351-4890.

Founded in 1800, Washington Trust is one of New England's premier financial services companies, providing commercial banking, mortgage banking, personal banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH). Web site address: www.washtrust.com.