Local Financial Companies Boost Business Growth
While the global market is growing fast, our local banks and financial services companies continue to fill key business needs by providing access to capital and more, right from Montgomery County locations. These companies help bridge the path to national and international business opportunities of all sizes and types. The financial services industry is a major economic driver for the county and includes a range of service providers, from local banks and credit unions to investment, venture capital firms and accounting firms.
While major national banks have multiple branches here, a number of local banks got their start in the county and continue to flourish. Sandy Spring Bank, EagleBank and Congressional Bank are three local success stories, each seeing an opportunity to personalize banking and tap into the growing needs of businesses for financing, loans, lines of credit and other services. They are the backbone of business, fueling growth for new construction, equipment purchase, site acquisition, small business assistance and more.
Congressional Bank – Green Business Certified
Started in Potomac in 2003, Congressional Bank takes a local, community approach to banking with its customers in Maryland, DC and Virginia. They foster close relationships, including access to the CEO and senior management team. In addition to local customers, this bank serves local and national businesses by meeting all their financial needs with creative and flexible solutions. The first bank in the county to earn the Montgomery County Green Business Certification, in partnership with Bethesda Green.
EagleBank – Banking Built on Personal Relationships and Business Growth
Founded in 1998, EagleBank currently has 32 branches throughout Montgomery County, DC and Northern Virginia, with headquarters in Bethesda. See more of their hometown success story in the ‘featured business’ space below.
Sandy Spring Bank - Local with Long-Standing Community Roots
In 1868, a group of local business and townspeople less than 25 miles from the nation’s capital were reeling from the post-Civil War’s tough economic conditions – while also seeing that large national banks were not serving their needs. Community members banded together to form a new bank, Sandy Spring, staffed and run by and for the community, with a more personalized approach to banking. That was a century and a half ago. Sandy Spring Bank has grown to assets of $4.2 billion, with 44 branches and six financial centers serving Maryland and Northern Virginia, employing 700 people.
More Local Banks
Credit Unions in Montgomery County serve their members within specific communities, like one that is dedicated to Montgomery County employees and another to NIH, one of our VIP federal institutions.
More than 900 Accounting firms have a presence in Montgomery County. See a list of Accounting Firms that are based right here in the county. These companies help bridge the path to national and international business opportunities of all sizes and types. The financial services industry is a major economic driver for the region and includes a range of service providers, from local banks and credit unions to investment, venture capital firms and accounting firms.
Financial Services, including Investment Advisors and Venture Capital firms
Investment advisors and venture capital firms thrive in Montgomery County, fueling investment opportunities on a national and international scale. Some are general investment firms, while others have a specific focus like the environment, energy or other global issues. View a list >
Take advantage of Tax Credits and Financial Incentives
Generous incentives abound in Montgomery County. Find more information about tax credits, grant and loan programs, equity investment funds and more. LEARN MORE >
A homegrown success story, EagleBank was founded in 1998 on the principles of putting people first and building personal relationships, while providing the most up-to-date online services of today’s banking. EagleBank continued its growth, acquiring Fidelity and Trust Bank in 2008. Setting a new standard in banking, they have become a go-to community bank for businesses in Maryland, Virginia and DC. The company helps small businesses grow with specialized financial services and they give back to the community through Eagle Bancorp Foundation.
LYNNE STEIN BENZION
Director of Business Retention & Expansion