WashingtonFirst Bankshares Closes 1st Portfolio Holding Acquisition
Troutman Sanders was mentioned in an August 3 M2, Internet Business News article about WashingtonFirst Bankshares closing its acquisition of U.S.-based mortgage lender 1 st Portfolio Holding Corp, in a stock transition. The deal – where accredited shareholders of 1 st Portfolio received $7.7 million in WashingtonFirst Bankshares common stock valued at $16 per share – will help WashingtonFirst expand its mortgage lending business as well as add an additional line of business, wealth management, to its array of financial services.
Troutman Sanders lawyers Jake Lutz, Mark Jones, Lynda Crouse and Seth Winter served as legal counsel to WashingtonFirst in the deal.