Washington Trust Executives Assume New Leadership Roles

WESTERLY, R.I., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Washington Trust Bancorp, Inc., (NASDAQ:WASH) today announced that Ronald S. Ohsberg has assumed the role of Chief Financial Officer of the Corporation and the Bank, effective immediately with the previously announced retirement of David V. Devault, who served as Washington Trust’s Vice Chair, Secretary and Chief Financial Officer. As Washington Trust’s Senior Executive Vice President, Chief Financial Officer, and Treasurer, Mr. Ohsberg is responsible for the banks financial planning, accounting, financial reporting, asset and liability management and budgeting.

In addition, it was announced that Kristen L. DiSanto, Senior Executive Vice President, Chief Human Resources Officer for the Bank, will serve as Corporate Secretary for the Corporation.

Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, with $4.5 billion in assets as of December 31, 2017. 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 www.washtrustbancorp.com.

Elizabeth B. Eckel
SVP, Marketing & Investor Relations

Source:Washington Trust Bancorp, Inc.