WASHINGTON TRUST BANCORP Business Summary

Washington Trust Bancorp Inc. (WASH) is the holding company for The Washington Trust Company, the nation’s oldest community bank, generating revenue through a diversified model of net interest income (NII) and fee-based services. Its core business segments—Commercial Banking, Wealth Management, and Mortgage Banking—manage approximately $6.6 billion in total assets and a $5.1 billion loan portfolio as of early 2026. The company’s revenue is anchored by lending operations, which contribute nearly 68% of total income, complemented by a wealth management division that recently achieved a 10% year-over-year increase in assets under administration (AUA). Direct competitors include Independent Bank Corp. (INDB), First Financial Bancorp (FFBC), and First Busey Corporation (BUSE); Washington Trust maintains a competitive edge as the largest state-chartered bank in Rhode Island, leveraging a high-touch service model across the Northeast. Founded in 1800, the company is currently led by Chairman and CEO Edward O. "Ned" Handy III, a former Citizens Bank executive, and President and COO Mary E. Noons, who has been with the bank since 1992. The executive suite includes Senior EVP and CFO Ronald S. Ohsberg, EVP and Chief Information Officer James Mignone, and the recently appointed Chief Commercial Banking Officer James C. Brown, who joined in February 2026 to lead institutional growth. This veteran leadership team is overseen by a board of directors that includes Lead Independent Director Robert A. DiMuccio, former CEO of Amica Mutual Insurance, and is supported by major institutional shareholders such as State Street Corporation, Vanguard, and Geode Capital Management.