Community banks in the D.C. area will face a dearth of large suitors after Citizens Bancorp is swallowed by Crestar Financial Corp.

The $774 million deal for the Laurel, Md.-based Citizens by the Richmond-based regional would knock out one of the last intact large branch networks in the Washington market. The $4.2 billion-asset Citizens has 103 branches in the metropolitan area.

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.