RESTON, Va.--(BUSINESS WIRE)--WashingtonFirst Bank is pleased to announce the opening of its nineteenth branch in Potomac, Maryland. The Bank opened its newest branch on Monday, March 28, 2016, in the heart of Potomac at 9812 Falls Road, Suite 125, Potomac, Maryland. The Potomac branch expands the Bank’s market reach into Maryland. A grand opening celebration will take place late Spring 2016.
“We are thrilled to be offering our services in the Potomac market,” said Founder and CEO of WashingtonFirst Bank, Shaza L. Andersen. “The Potomac branch is part of the Bank’s strategic initiative to expand our footprint in the Montgomery County market. This latest addition further provides our Maryland customers greater accessibility and underscores the Bank’s consistent growth strategy throughout the DC metro area.”
WashingtonFirst Bankshares, Inc., headquartered in Reston, Virginia, is the holding company for WashingtonFirst Bank, which operates 19 full-service banking offices throughout the Washington, DC, metropolitan area. In addition, the Company provides wealth management services through its subsidiary 1st Portfolio Wealth Advisors, and mortgage banking services through the Bank's subsidiary WashingtonFirst Mortgage. The Company's common stock is traded on the NASDAQ Stock Market under the quotation symbol “WFBI” and is included in the ABA NASDAQ Community Bank Index.
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This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements of the intentions and expectations of the Company as to the future use of the net proceeds from the offering. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include, but are not limited to, factors discussed in our Annual Report on Form 10-K and in other documents we file with the SEC from time to time. In some cases, forward-looking statements can be identified by use of words such as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,” “estimates,” “potential,” “continue,” “should,” and similar words or phrases. These statements are based upon the beliefs of the management of the Company as to the expected outcome of future events, current and anticipated economic conditions, nationally and in the Company’s market, and their impact on the operations, assets and earnings of the Company, interest rates and interest rate policy, competitive factors, judgments about the ability of the Company to successfully integrate its operations following significant transactions including, but not limited to, mergers and acquisitions, the ability to avoid customer dislocation during the period leading up to and following such transactions, and other conditions which by their nature, are not susceptible to accurate forecast and are subject to significant uncertainty. Readers are cautioned against placing undue reliance on such forward-looking statements. The Company assumes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.