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MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE: March 20, 2012

Washington Trust Opens Mortgage Office in Warwick, RI

Warwick Home Loan Center

Westerly, Rhode Island... Washington Trust announced today that it has opened The Washington Trust Home Loan Center, a mortgage loan production office located at 171 Service Avenue, just off Route 95 in Warwick, Rhode Island. The office is managed by longtime Rhode Island mortgage professional Al Grant and his team of experienced mortgage specialists. Mortgage loan processing and underwriting is done on-site allowing for fast, efficient mortgage processing.

Washington Trust, one of the top mortgage lenders in Rhode Island and southeastern New England, also announced that the Bank is committed to substantially increasing its lending to Rhode Island homeowners by originating more than $300 million in mortgage loans in the Ocean State. The Bank is also committed to hiring a dozen mortgage lending professionals to work in its expanding mortgage area.

"Rhode Island is our home and Washington Trust is committed to helping Rhode Islanders with their mortgage needs," said Joseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer. "Our new Warwick mortgage office is centrally located within the State, so it is convenient for homeowners seeking mortgage advice, competitive loan products, and outstanding personal service."

Washington Trust offers mortgages through its eighteen branch offices and through Home Loan Centers in Warwick, RI; Sharon & Burlington, MA; and Glastonbury, CT.

Homeowners or mortgage professionals interested in Washington Trust’s Home Loan Center should call Al Grant at 401-681-4224, or 401-654-4831.

Founded in 1800, Washington Trust is one of New England's premier financial services companies, providing commercial banking, personal banking, mortgage 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).

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