First Virginia Banks Inc. reported a 4% increase in second-quarter earnings, to $28.6 million, largely due to strong commercial loan growth.

Barry J. Fitzpatrick, First Virginia's chairman, president, and chief executive, said average outstanding commercial loans increased at an annualized rate of 9% in the second quarter.

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.