On May 3, 2017, WashingtonFirst Bankshares, Inc. (the “Company”) issued 40,711 shares of the Company’s voting common stock, par value $.01 per share (“Voting Common Stock”) to Community BanCapital, LP (“Community BanCapital”) upon the exercise in full of a warrant held by Community BanCapital. The warrant gave Community BanCapital the right to purchase up to 63,690 shares of Voting Common Stock at a share price equal to $9.81.

The warrant was exercised on a “cashless” basis to its terms, resulting in the issuance of the 40,711 shares set forth above. The Company did not receive any cash proceeds or other consideration from the exercise of the warrant, which was exercised in full and is no longer outstanding.

The shares of Voting Common Stock were issued to exemptions from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), as a transaction by an issuer not involving any public offering. The shares of Voting Common Stock issued to Community BanCapital upon the exercise of the warrant have not been registered under the Securities Act and may not be offered or sold in the United States in the absence of an effective registration statement or an exemption from the registration requirements under the Securities Act.

About WASHINGTONFIRST BANKSHARES, INC. (NASDAQ:WFBI)

WashingtonFirst Bankshares, Inc. is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates approximately 20 banking offices throughout the Washington, District of Columbia (D.C.) metropolitan area. The Company’s segments include traditional commercial banking, a mortgage banking business and a wealth management business. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on a premium over their cost to borrow funds. In addition, the Company provides wealth management services through its subsidiary, 1st Portfolio, Inc. (Wealth Advisors), located in Fairfax, Virginia, and mortgage banking services through the Bank’s subsidiary, WashingtonFirst Mortgage, which operates in two locations: Fairfax, Virginia and Rockville, Maryland.

WASHINGTONFIRST BANKSHARES, INC. (NASDAQ:WFBI) Recent Trading Information

WASHINGTONFIRST BANKSHARES, INC. (NASDAQ:WFBI) closed its last trading session down -0.35 at 27.86 with 7,993 shares trading hands.