WASHINGTON -- Franklin Bancorp. said the shareholders of George Washington Banking Corp. approved the merger between the two companies.

"This merger significantly enhances Franklin's goal to become the premier locally owned independent commercial banking company for the Washington metropolitan area," said Robert P. Pincus, president and chief executive of Franklin.

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.