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  • Top 100 Companies
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  • Top 30 Md. Companies Beyond the Beltway
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  • Post 200 stories from 1997 and 1998.
  •   Who's On, Who's Off
    The Financial Companies List

    April 26, 1999

    The wave of banking mergers continued with six local banks being acquired in the past year. North Carolina's BB&T Corp., making an aggressive move into the region bought out three local financial institutions with assets totalling almost $3.5 billion. Also disappearing from the list of banks with headquarters in Maryland, Virginia and the District was Crestar Financial, which was acquired by SunTrust. Replacing those big-hitters were some smaller, homegrown banks.

    ON

    This year's rank, Company name, (how it made the list)

    20. Virginia Commonwealth Financial Corp. (assets)

    24. Suburban Bancshares Inc. (assets)

    27. WMF Group Ltd. (assets)

    28. WHG Bancshares Inc. (assets)

    29. Commonwealth Bankshares Inc. (assets)

    30. Annapolis National Bancorp (assets)

    OFF

    Last year's rank, Company name (Why it's off)

    4. Crestar Financial Corp. (acquired by SunTrust Banks Inc.)

    11. MainStreet Financial Corp. (acquired by BB&T Corp.)

    13. Maryland Federal Bancorp Inc. (acquired by BB&T)

    17. George Mason Bankshares Inc. (acquired by United Bankshares Inc.)

    21. Franklin Bancorporation Inc. (acquired by BB&T)

    22. Virginia Beach Federal Financial Corp. (changed its name to First Coast Bankshares Inc. and was then acquired by Centura Banks Inc.)



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