On December 16, 2024, Washington Trust Bancorp, Inc., parent company of The Washington Trust Company of Westerly, completed a public offering of 2,198,528 shares of its common stock at a price of US$34 per share, with 286,764 shares sold pursuant to the exercise of the underwriters’ purchase option.
The expected net proceeds to Washington Trust Bancorp is approximately US$71 million.
Cassels acted as Canadian counsel to Washington Trust Bancorp.