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MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE:October 18, 2012

Washington Trust Provides $5.2 Million CT Office Park Financing

Old Saybrook Business Park Offers Convenient Highway Access

Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided a $5.2 million commercial mortgage to Mill Meadow Development, LLC for the refinancing of 6 buildings located in a business park at 2, 4 and 6 Business Park Road, 5 and 20 Research Parkway and 151 Mill Rock Road East in Old Saybrook, Conn.

"The Old Saybrook Business Park is an attractive location, as it is less than a half-mile from Interstate 95, Route 9 and U.S. 1,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer, “It offers great convenience to employees from the surrounding bedroom communities of Hartford and New Haven.”

Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Mary Ettinger, Vice President, Commercial Real Estate Group, 401-348-1415 or 1-800-475-2265 ext. 1415.

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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