Washington Trust Bancorp, Inc. announces an Equity Buyback for 850,000 shares, representing 5% of its issued share capital.
December 28, 2023 at 04:28 pm EST
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Washington Trust Bancorp, Inc. (NasdaqGS:WASH) announces a share repurchase program. Under the program, the company will repurchase up to 850,000 shares, representing 5% of its issued share capital. The program is valid till December 31, 2024.
As of December 26, 2023, the company had approximately 17,000,000 shares outstanding.
Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedentsâ estates; and institutional trust services, including custody and fiduciary services.