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Bracewell Represents WashingtonFirst in Acquiring Alliance Bankshares

May 7, 2012

Bracewell & Giuliani LLP is representing WashingtonFirst Bankshares, Inc. in the acquisition of Alliance Bankshares Corporation. The transaction is valued at approximately $24.4 million, which WashingtonFirst will pay with a combination of cash and stock. It will mark the largest acquisition by WashingtonFirst since its inception in 2004. In conjunction with the acquisition, WashingtonFirst has commitments for $20 million in additional equity capital from institutional investors, existing Board members, and other local investors.

The transaction is expected to close in the fourth quarter of 2012.