Washington Trust Bancorp’s board compensation committee approved a new Divisional Growth Incentive Plan for the bank’s Chief Commercial Banking Officer, Chief Retail Banking Officer, Chief Wealth Management Officer and Chief Retail Lending Officer. The plan sets payouts from 0% to 150% of target based on performance goals such as loan growth, core deposit funding, asset quality, revenue and key initiatives, with the committee determining the metrics, weightings and award opportunities each year.

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