Article: Washington Trust Completes Pier Bank Acquisition Increases Market Share in Southern Rhode Island.

WESTERLY, R.I., Aug. 25 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) today completed its acquisition of Pier Bank, a Rhode Island- chartered community bank headquartered in South Kingstown, RI. The acquisition is part of Washington Trust's strategy to expand its consumer and commercial banking presence in Rhode Island. Effective at the close of business today, Pier Bank's two branches, in South Kingstown and Narragansett, Rhode Island, will operate under "The Washington Trust Company" name. Conversion of customer deposit and loans accounts will take place on September 24, 1999.

John C. Warren, Washington Trust Chairman and Chief Executive ...

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