To take advantage  of the “hot” mortgage  market, Washington Trust ran a print  campaign to advertise our low interest rates and our combination of superior products and excellent  customer service. Looking forward to 2003, we will continue to embrace opportunities, develop new relationships and partnerships, and  provide support to the communities we serve. We remain committed to our core values of quality, integrity and community, and to the fulfillment of our vision, “To Be The Best Community Bank & Trust Company in  New England.” events, and provided volunteer leadership and other support for organizations ranging from health and human services to youth and family issues, to arts and cultural  organizations.  questionnaire that helps visitors determine which accounts are best for them.  As a community bank, part of our mission is to provide financial and public leadership in the communities we serve.  During 2002, the Bank provided corporate  sponsorship and support to hundreds of  organizations located throughout Rhode Island and southeastern Connecticut. Our employees raised money and awareness through participation in walkathons,  housing builds, dress down days and similar Each year, Washington Trust  sponsors numerous youth athletic teams. In 2002, we presented our local Little League teams with  tickets to Washington Trust Night at the AAA Pawtucket Red Sox,  featuring the annual Independence Day fireworks display. eleven www.washtrust.com refinance with us and the rest is  on the house Get great rates and the benefits  of Freedom Plus$^{SM}$checking. All the extras are on us – free ATMs, free checks, free online banking and bill pay, and a debit card with travel and merchandise rewards. Plus the  personalized service that’s been our hallmark for more than 200 years. Apply at any branch or  call 401-348-1200 or 1-800-475-2265 anytime. Mortgage experts on site Wednesdays till 8 p.m.  in Cranston, North Kingstown and Narragansett. 5 .250 % .631 % Interest Rate Annual Percentage Rate 15 Year Fixed Rate* 5 .750 % .980 % Interest Rate Annual Percentage Rate 30 Year Fixed Rate** Rate effective as of 9/5/02. *A loan of $150,000 will result in 180 monthly payments of $1,205.82 each with 2 points and 20% downpayment. **A loan of $150,000 will result in 360 monthly payments of $875.36 each with 2 points and 20% downpayment. Rates may change without notice. Please call 401-348-1200 or 1-800-475-2265 for current rates. Loans subject to credit approval. Freedom Plus checking requires a $5,000 combined relationship (includes deposits, loans, and trust & investments). Other banks may charge for ATM use. Free checks are Freedom wallet style. See a Customer Service Representative for details. Washington Trust Bancorp, Inc. 2002 Annual Report