Article: Washington Trust Annual Meeting Highlights Strong 2003 Results; Louis J. Luzzi Recognized Upon Retirement & 44 Years of Service to the Bank.

Business Editors

WESTERLY, R.I.--(BUSINESS WIRE)--April 27, 2004

Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent of The Washington Trust Company, today held its Annual Meeting of Shareholders for the year ended December 31, 2003. Approximately 200 shareholders and guests attended the Meeting at the Westerly Public Library.

"Washington Trust performed exceptionally well in 2003," stated John C. Warren, Washington Trust's Chairman and Chief Executive Officer. He added, "We posted solid returns for our shareholders and saw the market value of our common stock increase 34% in 2003. We had good loan growth, including record mortgage volume, ...

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