WESTERLY, R.I., Dec. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced the pricing of its previously announced underwritten public offering of 1,911,764 shares of its common stock at a public offering price of $34.00 per share. The expected proceeds to the Corporation, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Corporation, are approximately $61.75 million. In addition, the Corporation has granted the underwriter a 30-day option to purchase up to an additional 286,764 shares of the Corporation's common stock at the public offering price, less underwriting discounts, and commissions. The offering is expected to close on December 16, 2024, subject to the satisfaction of customary closing conditions.
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