-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CVgBFfP2upd8ddqc0UvfOmy/bTMWnz53Pjf2EzcSr7hgmZ6wG+LPX5cpRxXS109q rgFDQKECD1SM2QDqrDz3hg== 0000737468-98-000001.txt : 19980105 0000737468-98-000001.hdr.sgml : 19980105 ACCESSION NUMBER: 0000737468-98-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971222 ITEM INFORMATION: FILED AS OF DATE: 19980102 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON TRUST BANCORP INC CENTRAL INDEX KEY: 0000737468 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 050404671 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-13091 FILM NUMBER: 98500506 BUSINESS ADDRESS: STREET 1: 23 BROAD ST CITY: WESTERLY STATE: RI ZIP: 02891 BUSINESS PHONE: 4013481200 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) December 22, 1997 WASHINGTON TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) RHODE ISLAND 0-13091 05-0404671 State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 23 Broad Street, Westerly, Rhode Island 02891 - --------------------------------------------------- --------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (401) 348-1200 N/A - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) - -------------------------------------------------------------------------------- Page 1 of 3 WASHINGTON TRUST BANCORP, INC. FORM 8-K Item 5. Other Events On December 22, 1997, the Registrant announced that its Board of Directors approved a program to repurchase up to 150,000 shares of its common stock, or approximately 2.3% of its outstanding shares, in the open market or in private transactions, based upon market conditions. For further information, reference is made to the Registrant's press release dated December 22, 1997 attached hereto as Exhibit 99, and which is incorporated herein by reference. Item 7. Financial Statements and Other Exhibits Exhibit No. Description Page ----------- ----------------------------------- ---- Exhibit 99 Washington Trust Bancorp, Inc. 3 Press Release Dated December 22, 1997 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WASHINGTON TRUST BANCORP, INC. (Registrant) January 2, 1998 By: David V. Devault ---------------------- David V. Devault Vice President, Treasurer and Chief Financial Officer (principal financial officer) - 2 - EX-99 2 News Release Contact: John C. Warren, President and Chief Executive Officer Telephone: (401) 348-1200 Date: December 22, 1997 FOR IMMEDIATE RELEASE Washington Trust Announces Stock Repurchase Plan Westerly, Rhode Island --Washington Trust Bancorp, Inc. (Nasdaq National Market: WASH), parent of The Washington Trust Company, today announced that its Board of Directors has authorized the repurchase of up to 150,000 shares of the company's stock, or approximately 2.3% of its outstanding shares. John C. Warren, President and Chief Executive Officer of Washington Trust, stated, "This program exemplifies our commitment to enhancing shareholder value. We have a strong capital position which allows us to consider repurchases based on market conditions and future earnings." The Board resolution provides for the repurchase of common stock on the open market or in privately negotiated transactions from time to time at market prices. The current plan replaces a June 1996 authorization to repurchase 130,500 shares, as adjusted for a November stock split, of which approximately 91,000 shares have been repurchased to date. There is no guarantee as to the exact number of shares to be repurchased. The company's present plan is to hold the repurchased shares as treasury stock to be used for general corporate purposes. The Washington Trust Company, founded in 1800, offers a full range of financial services, including trust and investment management, through its eleven branch offices in southern Rhode Island and southeastern Connecticut. The Company recently announced plans to open a financial services office in New London, Connecticut in early 1998. (Logo here) Washington Trust Bancorp, Inc. 23 Broad Street Westerly, Rhode Island 02891 Telephone 401-348-1200 Fax 401-348-1386 - 3 - -----END PRIVACY-ENHANCED MESSAGE-----