Premier of W.Va. Buying D.C. Bank

Premier Financial Bancorp in Huntington, W.Va., has agreed to buy the struggling Abigail Adams National Bancorp in Washington for $10.9 million in stock.

PNC Looking to Raise D.C. Profile with Store Deal

By adding 41 supermarket branches in the Washington area next year, PNC said it aims to scale up quickly and cheaply in a growth market — and send "a loud message" about its ...

Adams National Enters Pact with OCC

Adams National Bank in Washington has an agreement with the OCC to boost its capital, assess its senior management team, and improve the monitoring of its loans.

Adams National's CEO Resigns

Jeanne Delaney Hubbard has resigned as chairwoman, president, and chief executive officer of Abigail Adams National Bancorp in Washington.

Goal One for City First CEO: Consistency

Edward Furash, the outgoing CEO at City First Bank of D.C., has high hopes for his successor. He said that Dorothy Bridges could "double the size of this bank within three years," citing her track record in community development lending …

D.C. Thrift Order Lifted, But Memorandum Stands

Independence Federal Savings Bank in Washington announced that a cease-and-desist order under which it had been operating since June 2006 has been terminated, though ...

D.C. Plan Would Steer Deposits to Small Banks

The District of Columbia City Council is considering a bill that would deposit far more of the city's funds in local community banks to help stimulate economic growth.

A West Coast Bankers' Bank Reaches East Coast

Middle Atlantic community banks that need correspondent banking services have no shortage of options; there are bankers' banks based in Maryland, Pennsylvania, and Virginia, and the nation's largest bank for other banks opened a Maryland office two years ago, mainly to help small banks make loans that exceed their limits.

Banks, CUs To Fill Payday Gap? Maybe

Payday lending is on the verge of being outlawed in the District of Columbia, but the fact remains that consumers will still need access to short-term, emergency loans.

United, Profits Up, Cites a Purchase

United Bankshares Inc. said Thursday that its third-quarter earnings rose 81% from the same period last year, to $25.8 million.

D.C. Payday Bill Advances

The District of Columbia council passed the Payday Loan Consumer Protection Act of 2007 Tuesday in a vote of 12 to 1.

D.C. Councilwoman Leads Fight for Payday Rate Cap

Mary Cheh, a first-term City Councilwoman in the District of Columbia, is leading a charge against abusive lending practices there.

'Base to Build On:' Thrift Exec Plans Fast Revival

After five years in the red, D.C.'s Independent Federal will return to profitability in the first quarter, says new CEO John A. Hall.

The $159 million-asset thrift, which focuses on African-American customers, is struggling to recover from years of turmoil caused by a racially charged battle for control of the company.

Money-Service Firm Signs Up Small Banks

Remittance option built on microlender network

Community banks have left the remittance business mostly to large banks and money-services businesses, but a Washington consumer finance company that largely targets Hispanics is trying to change that.