Washington Trust announces 2023 buyback program up to 5% of shares

Washington Trust Bancorp announced that its board adopted a stock repurchase program, which authorizes the repurchase of up to 850,000 shares, or approximately 5%, of its common stock. The 2023 stock repurchase program commences on January 1, 2023 and expires on December 31, 2023 and may be modified, suspended, or discontinued at any time. Washington Trust had approximately 17.2M shares outstanding as of November 30.