Washington Trust CEO to undergo surgery this week

Westerly-based Washington Trust Bancorp Inc., parent company of The Washington Trust Co., announced last week that its chairman and chief executive officer, John C. Warren, has been hospitalized and will undergo coronary bypass surgery within the week.

Until that time, and during Warren’s recovery period, the corporation’s board of directors has requested John F. Treanor, president and chief operating officer, assume Warren’s responsibilities.

Treanor stated: “John is in good spirits and has expressed great confidence in our management team’s ability to lead the corporation. We all wish John the best and look forward to a prompt recovery and his return to work.”

Warren joined Washington Trust in January 1996 as president and chief operating officer, was promoted to chief executive officer in April 1997, and appointed chairman in April 1999. Treanor joined the bank in April 1999 as president and chief operating officer.

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Dividend announced

The board of directors of Washington Trust Bancorp declared last week a quarterly dividend of 19 cents per share for the quarter ending June 30. The dividend is payable July 14 to shareholders of record on June 30.

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