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Post 200
Post 200

Largest Financial Institutions in the Region

Monday, May 1, 2006

The area's largest bank by assets, Baltimore-based Mercantile Bankshares Corp., expanded its presence in the Washington suburbs by buying Community Bank of Northern Virginia. Chevy Chase, the largest bank based in the immediate Washington area, won a five-year contract to put its ATMs in Metro stations. Two banks disappeared from the Post 200: Riggs National Corp., devastated by scandals in its international banking operations, was sold to PNC Financial Services Group Inc. of Pittsburgh. And Columbia Bancorp of Columbia was acquired by Fulton Financial Corp. of Lancaster, Pa. The two banks that rose to take their places on The Post 200 were Severn Bancorp Inc. of Annapolis and Middleburg Financial Corp. of Middleburg.

Rank Company Assets Net Income Employes
1 Mercantile Bankshares Corp. $16.4B $276.3M 3,606
2 Chevy Chase Bank FSB $14.3B $107.8M 3,840
3 Provident Bankshares Corp. $6.4B $73M 2,017
4 Sandy Spring Bancorp Inc. $2.5B $33M 658
5 Virginia Commerce Bancorp Inc. $1.5B $19.7M 232
6 Virginia Financial Group Inc. $1.5B $18.2M 502
7 Cardinal Financial Corp. $1.5B $9.9M 445
8 Burke & Herbert Bank & Trust Co. $1.4B $22.2M 337
9 Severn Bancorp Inc. $845.7M $14.6M 115
10 Middleburg Financial Corp. $739.9M $7.2M 185
11 Eagle Bancorp Inc. $672.3M $7.5M 145
12 Alliance Bankshares Corp. $611.5M $4.1M 114
13 Tri-County Financial Corp. $541.3M $4M 98
14 Access National Corp. $537.1M $5.9M 290
15 James Monroe Bancorp Inc. $529.9M $4.2M 111
16 Washington Savings Bank FSB $528.7M $8M 170
17 Fauquier Bankshares Inc. $481.2M $5.7M 121
18 OBA Federal Savings Bank $446.7M $1.5M NA
19 Presidential Holdings $422.1M $3.2M 149
20 Millennium Bankshares Corp. $421.5M $1.6M 92

The Washington Post

© 2006 The Washington Post Company