Weston Acquisition
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
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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)
August 31, 2005

WASHINGTON TRUST BANCORP, INC.
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(Exact Name of Registrant as Specified in Charter)


Rhode Island
  
0-13091
  
05-0404671
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(State or Other Jurisdiction
  
(Commission
  
(IRS Employer
of Incorporation)
  
File Number)
  
Identification No.)


23 Broad Street, Westerly, Rhode Island 02891
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(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (401) 348-1200

Former name or address, if changed from last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01 Other Events
 
On August 31, 2005, Washington Trust Bancorp, Inc. (the “Corporation”) completed its acquisition of Weston Financial Group, Inc. (“Weston”) pursuant to a Stock Purchase Agreement, dated March 18, 2005, by and among the Corporation, Weston and Weston’s shareholders. The Stock Purchase Agreement provided for the Corporation’s purchase of all outstanding shares of capital stock of Weston in exchange for an aggregate amount of cash equal to $20 million, plus certain future payments.

The Corporation’s press release dated September 1, 2005, announcing the completion of the acquisition is attached hereto as Exhibit 99.1, and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits
 
(c) Exhibits
 
Exhibit Number
Description
Exhibit 99.1
Press Release dated September 1, 2005




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



   
WASHINGTON TRUST BANCORP, INC.
Date: September 1, 2005
  
By:
/s/ John C. Warren                                    
     
John C. Warren
     
Chairman and Chief Executive Officer
       




EXHIBIT INDEX

Exhibit Number
Description
Exhibit 99.1
Press Release dated September 1, 2005