A West Virginia investor group has become the majority shareholder of the nation's largest bank owned and managed primarily by women.

In July, a group led by Marshall Reynolds, a former West Virginia banker, purchased 71% of Abigail Adams National Bancorp of Washington, D.C., from Citicorp and last week offered to buy the remaining 29% from the other shareholders.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.