In Brief: George Mason Merges Virginia and D.C. Banks

A Northern Virginia bank company that's trying to establish itself as a regional bank moved closer to that goal this month.

George Mason Bankshares merged into its main subsidiary, George Mason Bank, the newly ac-quired George Mason Bank NA in Washington.

George Mason Bank NA was formerly Palmer National Bank. George Mason Bankshares bought it May 17.

"This merger allows us to operate as one banking company throughout the entire Washington metropolitan area," said Bernard H. Clineburg, president and chief executive officer of the $884.7 million-asset holding company, in a written statement.

George Mason, which has 28 branches in Virginia, Maryland, and Washington, has been trying to get the word out that it's not just a Virginia bank.

Its annual report this year featured a map showing its locations throughout the D.C. region.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER