M&A Deal Summary

WashingtonFirst Bankshares Acquires 1st Portfolio Holding

On May 14, 2015, WashingtonFirst Bankshares acquired financial services company 1st Portfolio Holding

Acquisition Highlights
  • This is WashingtonFirst Bankshares’ 1st transaction in the Financial Services sector.
  • This is WashingtonFirst Bankshares’ 1st transaction in the United States.
  • This is WashingtonFirst Bankshares’ 1st transaction in Virginia.

M&A Deal Summary
Date 2015-05-14
Target 1st Portfolio Holding
Sector Financial Services
Buyer(s) WashingtonFirst Bankshares
Deal Type Add-on Acquisition
Advisor(s) Cooley (Legal)

Target

1st Portfolio Holding

Fairfax, Virginia, United States
1st Portfolio Holding Corporation is a holding company for 1st Portfolio Lending Corporation and 1st Portfolio Wealth Advisors. 1st Portfolio Lending is a direct mortgage lender focused on providing exceptional service to its residential mortgage customers. 1st Portfolio Wealth Advisors is a wealth advisory firm that specializes in helping select affluent business owners, executives and families preserve and grow their wealth.

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Buyer(S) 1

Buyer

WashingtonFirst Bankshares

Reston, Virginia, United States
Category Company
Founded 2004
Sector Financial Services
Employees220
Revenue 71M USD (2015)
DESCRIPTION

WashingtonFirst Bankshares, Inc. is a holding company for WashingtonFirst Bank which focuses on providing quality, tailored services to its customers, conducts a full service commercial banking operation through 15 offices, with nine located in Northern Virginia, three in Maryland and three in the District of Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Mergr

Product

Company

Legal