Latest Washingtonfirst Bk (WFBI) Headlines Washin
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WashingtonFirst secures all deposits and some assets of Millennium Bank National Association
M2 - Mon Mar 03, 6:11AM CST
A subsidiary of US-based WashingtonFirst Bankshares Inc (Nasdaq:WFBI), WashingtonFirst Bank signed an agreement with the Federal Deposit Insurance Corporation (FDIC) to assume all of the deposits and some assets of Millennium Bank NA, a federally chartered commercial bank based in Sterling, Virginia.
WashingtonFirst Acquires All Deposits and Loans of Sterling-Based Millennium Bank, National Association
Business Wire - Fri Feb 28, 4:17PM CST
WashingtonFirst Bank, a subsidiary of WashingtonFirst Bankshares, Inc. (Nasdaq: WFBI), announced today that it had entered into an agreement with the Federal Deposit Insurance Corporation ("FDIC") to assume all of the deposits and certain assets of Millennium Bank, NA ("Millennium"), a federally chartered commercial bank headquartered in Sterling, Virginia. Millennium operates two branches - Sterling and Herndon. The branches do not have Saturday hours and will reopen Monday, March 3rd as branches of WashingtonFirst. With this acquisition WashingtonFirst will now operate 16 retail banking offices, including ten in Virginia, four in Maryland, and two in Washington, D.C.
WashingtonFirst Bankshares announces cash dividend of USD0.04
M2 - Wed Feb 26, 4:28AM CST
The board of directors of WashingtonFirst Bankshares Inc (NASDAQ:WFBI), the holding company for US-based WashingtonFirst Bank, approved a common stock cash dividend of USD0.04 per share or about USD300,000 on 7.6m shares, the company revealed on Tuesday.
WashingtonFirst Bankshares, Inc. Declares Cash Dividend
Business Wire - Tue Feb 25, 4:11PM CST
WashingtonFirst Bankshares, Inc. (the "Company") (NASDAQ: WFBI) today announced that its Board of Directors declared a cash dividend of four (4) cents ($0.04) per share payable on April 1, 2014, to stockholders of record as of March 11, 2014. The dividend payout will be approximately $300,000, on 7.6 million shares of voting and non-voting common stock. While the Company expects to continue to declare and pay quarterly cash dividends in the future, any such dividend would be at the discretion of the Board of Directors of the Company and would be subject to applicable federal and state regulatory limitations.
WashingtonFirst Bankshares Inc. Announces Earnings for the Year Ended December 31, 2013
Business Wire - Mon Jan 27, 4:15PM CST
WashingtonFirst Bankshares Inc. (NASDAQ: WFBI) (the "Company"), the holding company for WashingtonFirst Bank (the "Bank"), today reports unaudited consolidated net income to common shareholders for the year ended December 31, 2013 of $6.2 million ($0.80 per diluted common share) compared to $2.1 million ($0.59 per diluted common share) for the year ended December 31, 2012. The Company's increase in net income in 2013 is primarily the result of the acquisition of Alliance Bankshares Corporation ("Alliance") in December 2012.
WashingtonFirst Bankshares, Inc. Announces Disposition of Securities in Response to Volcker Rule
Business Wire - Thu Dec 26, 4:39PM CST
WashingtonFirst Bankshares, Inc. (NASDAQ: WFBI) ("WashingtonFirst" or "the Company") today announced that it liquidated its investment in a bank trust preferred collateralized debt obligation security (the "Trapeza CDO") because of uncertainty regarding the future accounting implications of such investment under the revised, final "Volcker Rule" of the Dodd-Frank Act, which was released jointly by the Federal Reserve and a number of federal regulatory agencies earlier this month.
WashingtonFirst Bankshares, Inc. Elects Jon Milton Peterson to Its Board of Directors
Business Wire - Fri Dec 13, 4:27PM CST
WashingtonFirst Bankshares, Inc. (NASDAQ: WFBI) the holding company of WashingtonFirst Bank, announced today the election of Jon Milton Peterson, Senior Vice President of The Peterson Companies, to its board of directors on December 9, 2013. "We are very excited to have an outstanding individual join our board," said President and CEO Shaza L. Andersen. "Jon has deep and enduring ties to the region and is an active and effective participant in the local business and charitable communities. His leadership in the community development industry will be a pivotal addition to the Board as we continue to expand our reach in the area," said Andersen.
WashingtonFirst Bankshares announces dividend of USD0.04 per share
M2 - Tue Oct 22, 3:01AM CDT
The board of directors of WashingtonFirst Bankshares Inc (NASDAQ:WFBI), the holding company for WashingtonFirst Bank, approved a cash dividend of USD0.04 per share, the company revealed on Friday.
WashingtonFirst Bankshares Inc. Announces Earnings for the Third Quarter 2013
Business Wire - Fri Oct 18, 4:58PM CDT
WashingtonFirst Bankshares Inc. (NASDAQ: WFBI) (the "Company"), the holding company for WashingtonFirst Bank (the "Bank"), today reports unaudited consolidated net income to common shareholders for the three months ended September 30, 2013 of $2.1 million ($0.27 per diluted common share) compared to $0.3 million ($0.11 per diluted common share) for the three months ended September 30, 2012. For the nine months ended September 30, 2013, the Company's net income to common shareholders was $5.0 million ($0.65 per diluted common share), compared to $1.4 million ($0.44 per diluted common share) for the nine months ended September 30, 2012. The Company's increase in net income in 2013 is primarily the result of the acquisition of Alliance Bankshares Corporation ("Alliance") in December 2012.
WashingtonFirst Bankshares Inc. Announces Earnings for the Second Quarter 2013
Business Wire - Thu Jul 25, 5:15PM CDT
WashingtonFirst Bankshares Inc. (NASDAQ: WFBI) (the "Company"), the holding company for WashingtonFirst Bank (the "Bank"), today reports unaudited consolidated net income to common shareholders for the three months ended June 30, 2013 of $1.5 million ($0.20 per diluted common share) compared to $0.3 million ($0.10 per diluted common share) for the three months ended June 30, 2012. For the six months ended June 30, 2013, the Company's net income to common shareholders was $2.9 million ($0.38 per diluted common share), compared to $1.0 million ($0.33 per diluted common share) for the six months ended June 30, 2012. The Company's increase in net income in 2013 is primarily the result of the acquisition of Alliance Bankshares Corporation ("Alliance") in December 2012.
WashingtonFirst Added to the Prestigious American Bankers Association (ABA) NASDAQ Community Bank Index
Business Wire - Thu Jun 20, 2:34PM CDT
WashingtonFirst Bankshares, Inc. (NASDAQ: WFBI) announced today that it has been added to the ABA NASDAQ Community Bank Index, the nation's most broadly representative stock index for community banks. The index includes approximately 400 community banks with more than $145 billion in aggregate market capitalization.
WashingtonFirst Bankshares Inc. Announces Earnings for the First Quarter 2013
Business Wire - Mon Apr 29, 5:11PM CDT
WashingtonFirst Bankshares Inc. (NASDAQ: WFBI) (the "Company"), the holding company for WashingtonFirst Bank (the "Bank"), today reports unaudited consolidated net income to common shareholders for the three months ended March 31, 2013 of $1.4 million ($0.18 per diluted common share) compared to $0.7 million ($0.21 per diluted common share) for the three months ended March 31, 2012. The Company's increase in net income is primarily the result of the acquisition of Alliance Bankshares in December 2012, while the lower earnings per diluted common share is primarily the result of the issuance of new stock in connection with the acquisition. Net income also benefited from a higher net interest spread and margin, as the company has been able to realize lower rates on interest-bearing liabilities.
WashingtonFirst Bankshares declare 5% share dividend on outstanding common and series A non-voting common stock
M2 - Mon Apr 08, 5:02AM CDT
The board of directors of WashingtonFirst Bankshares Inc (NASDAQ:WFBI), holding company of WashingtonFirst Bank, approved a 5% share dividend on the company's outstanding shares of common stock and series A non-voting common stock, the company reported on Friday.
WashingtonFirst Bankshares, Inc. Announces Share Dividend
Business Wire - Fri Apr 05, 3:44PM CDT
WashingtonFirst Bankshares, Inc. (the "Company") (NASDAQ: WFBI), the holding company of WashingtonFirst Bank, announced today that the Board of Directors of the Company declared a five percent (5%) share dividend on the Company's outstanding shares of common stock and Series A non-voting common stock. The Company will pay cash in lieu of fractional shares of common stock and Series A non-voting common stock. The dividend shares and cash will be distributed on or about May 17, 2013 to stockholders of record at the close of business on April 26, 2013.
WashingtonFirst Bankshares Inc. Announces Earnings for the Fourth Quarter 2012
Business Wire - Tue Feb 26, 5:39PM CST
WashingtonFirst Bankshares Inc. (NASDAQ: WFBI) (the "Company"), the holding company for WashingtonFirst Bank (the "Bank"), reported unaudited consolidated net income to common shareholders for the twelve months ended December 31, 2012 of $2.1 million or $0.62 per share (fully diluted) compared to $1.9 million or $0.65 per share (fully diluted) for the twelve months ended December 31, 2011. For the three months ended December 31, 2012, net income to common shareholders was $0.7 million or $0.15 per share (fully diluted) compared to $0.4 million or $0.15 per share for the three months ended December 31, 2011.
WashingtonFirst Rings The NASDAQ Stock Market Closing Bell
Business Wire - Fri Jan 11, 5:33PM CST
WashingtonFirst Bankshares, Inc. (NASDAQ: WFBI), the holding company of WashingtonFirst Bank, announced today a milestone event: the ringing of The NASDAQ Stock Market Closing Bell as a newly public company. The event celebrates the Bank's recent move to The NASDAQ Stock Market with shares of WFBI common stock commencing trading on NASDAQ on December 24, 2012.
WashingtonFirst Completes Merger with Alliance Bankshares Corporation
Business Wire - Fri Dec 21, 3:21PM CST
WashingtonFirst Bankshares, Inc. (OTCBB: WFBI) and Alliance Bankshares Corporation (NASDAQ: ABVA) jointly announce the consummation of the merger of Alliance into WashingtonFirst, with WashingtonFirst as the surviving company.