Company Information

Get to know WashingtonFirst Bankshares

Founded in 2004, WashingtonFirst Bankshares, Inc. operated as the holding company for WashingtonFirst Bank. The bank was established by a group of local business leaders with a mission to provide relationship-based banking services to small-to-medium-sized businesses, professionals, and individuals throughout Washington, D.C., Northern Virginia, and Maryland. It focused on offering a full range of commercial and consumer banking products, including lending, deposit, and treasury management services. In May 2017, it was announced that WashingtonFirst Bankshares would be acquired by Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank. The merger was completed in January 2018, and WashingtonFirst Bank was subsequently merged into Sandy Spring Bank.

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WashingtonFirst Bankshares

United States

Founded in

2004 (22 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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