Washington Trust Bancorp, Inc. Announces New Stock Repurchase Program

About this update from Washington Trust Bancorp, Inc.

[{"type":"text","content":"WESTERLY, R.I., Nov. 12, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) today announced that the Corporation's Board of Directors adopted a stock repurchase program (\"Stock Repurchase Program\"), which authorizes the repurchase of up to 850,000 shares, or approximately 5%, of the Corporation's common stock. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The Stock Repurchase Program expires on December 31, 2022 and may be modified, suspended, or discontinued at any time. The Corporation had approximately 17.3 million shares outstanding as of October 31, 2021.\n\n \n \n \n \n \n \n\n \nBackground Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation's common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation's web site at http://ir.washtrust.com.\nForward-Looking Statements This press release contains statements that are \"forward-looking statements\". We may also make forward-looking statements in other documents we file with the SEC, in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors or employees. You can identify forward-looking statements by the use of the words \"believe,\" \"expect,\" \"anticipate,\" \"intend,\" \"estimate,\" \"assume,\" \"outlook,\" \"will,\" \"should,\" and other expressions that predict or indicate future events and trends and which do not relate to historical matters. You should not rely on forward-looking statements, because they involve known and unknown ris...

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