About WashingtonFirst Bank
WashingtonFirst Bank is a company based in Reston (United States) founded in 2004 was acquired by Sandy Spring Bank in May 2017.. WashingtonFirst Bank has completed 1 acquisition, including First Liberty National Bank. WashingtonFirst Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Reston, United States
- Stage Public
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Washingtonfirst Bankshares, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$20 M (USD), Post-IPO
Dec 30, 2014
- Investors
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Sandy Spring Bank
(May 16, 2017)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of WashingtonFirst Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $20.0M
-
First Round
First Round
(30 Dec 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Post-IPO - WashingtonFirst Bank | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WashingtonFirst Bank
WashingtonFirst Bank has secured backing from 1 investor. Prominent investors backing the company include Sandy Spring Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Commercial bank
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by WashingtonFirst Bank
WashingtonFirst Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include First Liberty National Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial banking services have been provided since 1913 in Liberty.
|
1913 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - WashingtonFirst Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Washingtonfirst Bank Comparisons
Competitors of WashingtonFirst Bank
WashingtonFirst Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
|
|
| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
|
|
| domain | founded_year | HQ Location |
Regional bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about WashingtonFirst Bank
When was WashingtonFirst Bank founded?
WashingtonFirst Bank was founded in 2004 and raised its 1st funding round 10 years after it was founded.
Where is WashingtonFirst Bank located?
WashingtonFirst Bank is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
What does WashingtonFirst Bank do?
WashingtonFirst Bank was founded in 2004 and is headquartered in Reston, United States. Operations focus on commercial banking within the financial services sector, where deposits, loans, and treasury management are handled for business clients. Retail banking options are also extended to individuals in the region. The bank maintains a presence through its domain wfbi.com, supporting economic activities in the local and national markets.
Who are the top competitors of WashingtonFirst Bank?
How many acquisitions has WashingtonFirst Bank made?
WashingtonFirst Bank has made 1 acquisition, including First Liberty National Bank.
Who are WashingtonFirst Bank's investors?
WashingtonFirst Bank has 1 investor. Key investors include Sandy Spring Bank.