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
