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Stock impact report

Washington Trust Announces Closing of Upsized Stock Offering [Yahoo! Finance]

Washington Trust Bancorp, Inc. (WASH) 
Last washington trust bancorp, inc. earnings: 4/27 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
company of The Washington Trust Company, of Westerly (the "Bank"), today announced the closing of its previously announced underwritten public offering of 1,911,764 shares of its common stock at a public offering price of per share. The 2,198,528 shares sold in the offering include 286,764 shares sold pursuant to the exercise of the underwriters' purchase option. BofA Securities is serving as the sole book-running manager for the offering. (PRNewsfoto/Washington Trust Bancorp, Inc.) The expected proceeds to the Corporation, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Corporation, are approximately $71.01 million . The Corporation intends to use the net proceeds of this offering for general corporate purposes to support continued organic growth and capital generation, which are expected to include investments in the Bank and Bank balance sheet optimization strategies involving the sale of lower-yielding loans and ava Show less Read more
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