October 02, 2014 2:00 PM ET

Banks

Company Overview of WashingtonFirst Bank

Company Overview

WashingtonFirst Bank provides personal and business banking products and services. The company offers personal checking accounts, including basic checking, direct deposit checking, interest-bearing checking, and personal money market accounts; and personal savings accounts, such as statement savings, certificates of deposit (CDs), and individual retirement accounts. It also provides business checking accounts, including small business checking, interest-bearing business checking, business analysis checking, business money market, and non-profit checking accounts; and business saving accounts, such as CD and business statement savings accounts. In addition, the company offers cash management ...

11921 Freedom Drive

Suite 250

Reston, VA 20190

United States

Founded in 2004

Phone:

703-840-2410

Fax:

703-707-8307

Key Executives for WashingtonFirst Bank

Chief Executive Officer
Age: 47
President
Age: 54
Chief Financial Officer and Executive Vice President
Age: 50
Senior Vice President of Operations
President of Virginia Market Operations
Compensation as of Fiscal Year 2014.

WashingtonFirst Bank Key Developments

WashingtonFirst Bank to Open Branch in DC, Maryland and Virginia Markets

WashingtonFirst Bank has received regulatory approval to open its 17th branch location in the DC, Maryland and Virginia markets. The newest branch is located in McLean, Virginia and will open in late September or early October 2014.

WashingtonFirst Bank Receives Regulatory Approval to Open Mclean Branch

WashingtonFirst Bank recently received regulatory approval to open its 17th branch location in the DC, Maryland and Virginia markets. The newest branch is located in McLean, Virginia and will open in late September or early October 2014.

Oliver T. Carr, III Tenders Resignation as a Director of WashingtonFirst Bankshares Inc. and its Wholly-Owned Subsidiary WashingtonFirst Bank

On May 17, 2013, Oliver T. Carr, III tendered his resignation, effective immediately, as a director of WashingtonFirst Bankshares Inc. and its wholly-owned subsidiary WashingtonFirst Bank. Mr. Carr's decision to step down was not the result of any disagreement with the company, the company's management or the Board of Directors. Rather, Mr. Carr concluded that due to other professional demands he would not be able to devote sufficient time to the directorships. Mr. Carr was appointed to serve as a Group II director of the Bank and the company following the acquisition of Alliance Bankshares Corporation in December 2012. Previously, Mr. Carr had served as a director of Alliance Bankshares Corporation since 2007.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 28, 2014
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