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WASH > SEC Filings for WASH > Form 8-K on 24-May-2013All Recent SEC Filings

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Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective May 20, 2013, Galan G. Daukas resigned by mutual agreement as Executive Vice President, Wealth Management of Washington Trust Bancorp, Inc. (the "Corporation") and its subsidiary The Washington Trust Company (the "Bank"), as well as all officer and director positions held by Mr. Daukas at subsidiaries of the Corporation and the Bank.

Mark K. Gim will succeed Mr. Daukas as Executive Vice President, Wealth Management of the Corporation and the Bank effective May 20, 2013. Mr. Gim will continue to serve as Treasurer of the Corporation and the Bank.

Mr. Gim, 47, joined the Bank in 1993 as Financial Planning Officer. He was promoted to Assistant Vice President - Financial Planning of the Bank in 1995, and to Vice President - Financial Planning of the Bank in 1996. In 2000, he was promoted to Senior Vice President - Financial Planning and Asset/Liability Management of the Bank. He was named Executive Vice President and Treasurer of the Corporation and the Bank in 2008.

Mr. Gim will participate in the Bank's Wealth Management Business Building Incentive Plan, which has previously been disclosed. Mr. Gim's target bonus opportunity will be $90,000, which will be pro-rated for 2013.

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