WashingtonFirst Bankshares Inc
WFBI
NASDAQ34.26
USD
+0.56
- -
CIK
0001476264
Return %
Stock
S&P500
1Y
- -
19.01
3Y
- -
65.48
5Y
- -
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- IPO Date
- Jul 28, 2004
- CIK
- 0001476264
- Similar Companies
- Business
- WashingtonFirst Bankshares Inc (NASDAQ:WFBI), headquartered in Reston, Virginia and founded in 2004, operates as the holding company for WashingtonFirst Bank, a community-focused commercial bank serving small-to-medium sized businesses, not-for-profit organizations, professional service firms and individuals throughout the greater Washington, D.C. metropolitan area including Northern Virginia and suburban Maryland; the Bank maintains approximately 19 full-service banking offices and offers a comprehensive suite of deposit products such as business and personal checking accounts, NOW accounts, tiered savings accounts, money market accounts and time deposits, alongside commercial banking services including loans, wealth management through its subsidiary 1st Portfolio Wealth Advisors in Fairfax, Virginia, and mortgage banking through WashingtonFirst Mortgage Corporation with locations in Fairfax, Virginia and Rockville, Maryland. The company targets local commercial and retail customers with tailored financial solutions emphasizing personalized service and community involvement. In a major strategic development completed on January 1, 2018, Sandy Spring Bancorp Inc acquired WashingtonFirst Bankshares Inc in a stock-for-stock transaction valued at approximately $447 million to $460 million, under which WashingtonFirst shareholders received 0.8713 shares of Sandy Spring common stock per share held (subject to collar adjustments), resulting in the merger of WashingtonFirst Bank into Sandy Spring Bank, rebranding of branches, system conversion in early 2018, and delisting of WFBI from NASDAQ; the deal created one of the largest community banks in the Greater Washington region with complementary products spanning mortgages, commercial loans, insurance, trust services and expanded operations across Maryland, Northern Virginia and Washington, D.C., while certain WashingtonFirst executives including President and CEO Shaza L. Andersen joined Sandy Spring's board. No significant developments, funding rounds, new product launches or operational changes for WashingtonFirst Bankshares Inc have occurred since the 2018 acquisition.