In the third paragraph, the second part of David V. Devault's quote should read, ”We recorded our sixth consecutive quarter of commercial loan growth,...“� (sted grow)

The corrected release reads:

WASHINGTON TRUST ANNUAL MEETING HIGHLIGHTS STRONG 2007 PERFORMANCE; FIRST QUARTER 2008 RESULTS

Washington Trust Bancorp, (News) Inc. (Nasdaq Global Market: WASH), parent of The Washington Trust Company, today held its Annual Meeting of Shareholders for the year ended December 31, 2007. Approximately 150 shareholders and guests attended the Meeting at the Westerly Public Library.

”Washington Trust performed very well in 2007, despite unsettled market conditions,“� said John C. Warren, chairman and chief executive officer of Washington Trust. ”We achieved excellent growth in key lines of business and continued strong asset quality. Commercial loans were up $92.9 million or 16 percent for the year. Residential loans grew by 2 percent and consumer loans grew by 3 percent during the year. Wealth management assets surpassed $4 billion for the first time in our corporation's history. Revenues from wealth management services increased 10 percent for the year ended December 31, 2007.“�

David V. Devault, executive vice president, treasurer and chief financial officer, discussed the Bank's 2007 financial results and first quarter 2008 performance. ”First quarter 2008 net income amounted to $5.8 million, or 43 cents per diluted share. This is a solid performance in a difficult economic environment.“� Devault added, ”We recorded our sixth consecutive quarter of commercial loan growth, as commercial loans were up 21 percent from a year ago. Our Wealth Management area continues to perform well, as Wealth Management revenues were up 6 percent from the first quarter of 2007.“�

Warren also spoke of the Bank's recent plans to relocate its current Providence branch, in August 2008, to a new facility in the financial district of Providence. ”The new Providence branch will be a “˜high-tech, high touch' office,“� said Warren ”It will have both state-of-the art technology and a professional staff of customer service associates to meet the financial needs of the busy, downtown professional customers.“� He also noted that a second branch is planned for Warwick, R.I. in 2009. The opening of the Providence and Warwick branches are subject to approval of state and federal regulators.

During the business portion of the Meeting, Gary P. Bennett, Larry J. Hirsch, Esq., Mary E. Kennard, Esq., H. Douglas Randall, III, and John F. Treanor were elected to the Corporation's Board of Directors for terms ending in 2011. James P. Sullivan retired from the board and was recognized for his contributions and 25 years of dedicated service to Washington Trust. In other business, shareholders ratified the selection of KPMG LLP as independent auditors for the Corporation for the current fiscal year ending December 31, 2008.

The audio and slides of the Annual Meeting are available on Washington Trust's website, http://www.washtrust.com, by selecting the Investor Relations section and then clicking on Presentations.

Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, a Rhode Island state-chartered bank founded in 1800. Washington Trust offers personal banking, business banking and wealth management services through its offices in Rhode Island, Massachusetts and southeastern Connecticut. Washington Trust Bancorp, Inc.'s common stock trades on the NASDAQ Global Select under the symbol WASH. Investor information is available on the Corporation's web site: www.washtrust.com.

This press release contains certain statements that may be considered ”forward-looking statements“� within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including statements regarding our strategy, effectiveness of investment programs, evaluations of future interest rate trends and liquidity, expectations as to growth in assets, deposits and results of operations, success of acquisitions, future operations, market position, financial position, and prospects, plans, goals and objectives of management are forward-looking statements. The actual results, performance or achievements of the Corporation could differ materially from those projected in the forward-looking statements as a result of, among other factors, changes in general national or regional economic conditions, reductions in net interest income resulting from interest rate volatility as well as changes in the balance and mix of loans and deposits, reductions in the market value of wealth management assets under administration, reductions in loan demand, changes in loan collectibility, default and charge-off rates, changes in the size and nature of the Corporation's competition, changes in legislation or regulation and accounting principles, policies and guidelines, and changes in the assumptions used in making such forward-looking statements. In addition, the factors described under ”Risk Factors“� in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the Securities and Exchange Commission, may result in these differences. You should carefully review all of these factors, and you should be aware that there may be other factors that could cause these differences. The Corporation assumes no obligation to update forward-looking statements or update the reasons actual results, performance or achievements could differ materially from those provided in the forward-looking statements, except as required by law.