Exhibit 99.1

Contact: Elizabeth B. Eckel
Senior Vice President, Marketing
Telephone: (401) 348-1309
E-mail: ebeckel@washtrust.com
Date: January 26, 2016

Washington Trust Reports Record 2015 Earnings
WESTERLY, R.I., January 26, 2016 (GLOBE NEWSWIRE)…Washington Trust Bancorp, Inc. (Nasdaq:WASH), parent company of The Washington Trust Company, today announced net income of $10.7 million, or 62 cents per diluted share, for the fourth quarter of 2015. Net income was up by 5% from the $10.2 million, or 60 cents per diluted share, reported for the third quarter of 2015.
For the year ended December 31, 2015, net income totaled $43.5 million, or $2.54 per diluted share. Full-year net income increased by 6%, from the $40.8 million, or $2.41 per diluted share, reported for 2014. Returns on average equity and average assets in 2015 were 12.00% and 1.19%, respectively, compared to 11.87% and 1.23%, respectively, for the same period in 2014.
"Washington Trust marked its 215th year of service on a positive note, as solid fourth quarter results led to all-time record earnings for 2015," stated Joseph J. MarcAurele, Washington Trust Chairman and CEO.  "Our 2015 performance once again reflects Washington Trust’s ability to achieve continued growth and profitability in a challenging and competitive environment."
Selected highlights for the fourth quarter of 2015 include:
Total loans rose by 2.1%, led by a solid increase of $75 million, or 4.7%, in commercial loan balances. Total loans rose by $154 million, or 5.4% in the year 2015.
Total deposits grew by $98 million, or 3.5%, in the quarter, including a $77 million, or 8.8%, increase in demand and NOW deposits. Total deposit growth for the year 2015 amounted to $179 million, or 6.5%.
Net Interest Income
Net interest income totaled $26.3 million for the fourth quarter of 2015, up by $258 thousand from the third quarter of 2015. The net interest margin was 3.08% for the fourth quarter of 2015, up 1 basis point from the previous quarter. Changes compared to the third quarter included:
Average interest-earning assets increased by $22 million, reflecting growth in average balances of commercial loans and investment securities. The yield on interest-earning assets was 3.68% for the fourth quarter, compared to 3.70% in the third quarter.

The following information was filed by Washington Trust Bancorp Inc (WASH) on Tuesday, January 26, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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