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Post 200

Largest Financial Institutions in the Region

Monday, May 14, 2007

Many of the region's banks watched their profit margins get squeezed by customers pushing for higher rates on deposits and lower rates on loans. Expansion slowed but it didn't come to a complete halt. Alexandria's Burke & Herbert opened a branch in Annandale, Virginia Commerce of Arlington opened five, and McLean-based Cardinal Financial stepped out of Northern Virginia to plant its flag in Bethesda. Chevy Chase Bank, the metropolitan area's largest local bank, dwarfed them all in assets and kept getting bigger. It opened 15 branches last year and reached a deal with the University of Maryland to change the name of its sports field to the Chevy Chase Bank Field at Byrd Stadium. Provident Bankshares out of Baltimore moved up to second in size of assets, followed by Sandy Spring Bancorp.

Rank Company Assets Net Income Employes
1 Chevy Chase Bank FSB $14.2B $46.8M 4,250
2 Provident Bankshares Corp. $6.3B $70M 535
3 Sandy Spring Bancorp Inc. $2.6B $32.9M 640
4 Virginia Commerce Bancorp Inc. $1.9B $24.5M 284
5 Cardinal Financial Corp. $1.6B $7.4M 401
6 Virginia Financial Group Inc. $1.6B $19.5M 580
7 Burke & Herbert Bank & Trust Co. $1.5B $20.6M 330
8 Severn Bancorp Inc. $911.9M $15.7M 121
9 Eagle Bancorp Inc. $773.5M $8.0M 171
10 Middleburg Financial Corp. $772.3M $8.0M 168
11 Access National Corp. $644.8M $7.6M 238
12 Alliance Bankshares Corp. $644.4M $4.5M 113
13 Millennium Bankshares Corp. $583.5M $3.1M NA
14 Tri-County Financial Corp. $575.5M $4.4M 81
15 Fauquier Bankshares Inc. $521.8M $5.6M 139
16 Presidential Holdings Inc. $454.6M $5.9M 140
17 Washington Savings Bank FSB $444.1M $5.1M NA
18 Abigail Adams National Bancorp Inc. $405.5M $3.7M 73
19 OBA Federal Savings Bank $389.1M $1.6M 68
20 American Bank $383.8M $3.3M 136

The Washington Post


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