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ABIGAIL ADAMS NATL BANCORP history
ABIGAIL ADAMS NATL BANCORP company history timeline
In October 1818 Abigail contracted typhoid fever.
Emily Womach, a respected Delaware banker, served as the first president and led the board of directors&mdashsuming the title of "chair" rather than the traditional "chairman." Womach had been elected treasurer of Delaware in 1970 and fielded an unsuccessful campaign for governor two years later.
In 1977 the Women's National Bank was chartered in Washington, D.C.; its purpose was to incorporate more women on both sides of the operation: as owners and as customers.
In April 1978 the company completed a $2-million initial stock offering, which had begun six months earlier.
The Women's National Bank opened for business in May 1978.
Women's National hired Barbara Davis Blum as CEO in 1983.
In 1994 it began issuing its own Visa credit cards, enhancing its consumer offerings.
Using this logic, Citibank agreed to the sale of Adams in 1994 to National Bancshares, an African-American veterans group.
The company launched a web site in July 1996 that enabled on-line credit applications and bill payment.
In spring 1997, Abigail Adams National Bancorp agreed to buy Ballston Bancorp, Inc., the holding company of the Bank of Northern Virginia, in a deal worth $14 million.
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