Bank of Georgetown in Washington, D.C., is moving its corporate headquarters and opening an adjacent branch.
The $928 million-asset bank is relocating to a renovated Washington Gas Company maintenance facility in Georgetown, according to a Wednesday press release. The adjoining branch will be the bank's 11th.
"It is important for us to invest in the resources necessary to support our consistent growth in assets and customers; this move reflects our commitment to building a premier Washington D.C.-based community bank," Mike Fitzgerald, chairman, president, and chief executive of Bank of Georgetown, said in the release. "We are excited about our new home and look forward to serving a larger portion of the Georgetown community, while continuing to listen and cater to the needs of businesses throughout the District, Maryland and Virginia."
Bank of Georgetown plans to name the new branch "The Winsor Branch" in memory of its co-founder and late chairman, Curtin Winsor 3rd.
Winsor "poured his heart and soul into the creation and success of Bank of Georgetown," Fitzgerald said. "We miss him greatly but know he would be proud of the path on which we are progressing."
Bank of Georgetown completed an $18.1 million capital raise in December.