Bank of Clarke Opens New Branch in McLean, VA

Rhea-AI Summary

Bank of Clarke (EFSI) has announced the opening of a new full-service branch in McLean, VA, marking its first retail location in Fairfax County. The branch, located at 1313 Dolley Madison Boulevard, represents the bank's second branch opening since 2022.

The new location will be managed by Sunbo Lagbaja and incorporates the bank's existing commercial loan team from Tysons Corner, led by Alex Saidii. The branch will offer a complete range of services including retail and business banking, lending, and wealth management solutions.

Positive

• Expansion into new market with first full-service branch in Fairfax County
• Integration of existing commercial loan operations with new retail presence
• Strategic growth while maintaining community bank model

Negative

• None.

News Market Reaction

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-2.00% News Effect

On the day this news was published, EFSI declined 2.00%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BERRYVILLE, Va., Sept. 29, 2025 /PRNewswire/ -- Bank of Clarke has announced the opening of a new retail branch at 1313 Dolley Madison Boulevard, Suite 100, in McLean, VA. This is the Bank's first full-service branch in Fairfax County, and the second branch it has opened since 2022.

"Bank of Clarke is focused on pursuing prudent growth while remaining an independent community bank," said Brandon Lorey, President and CEO of Bank of Clarke. "Opening this branch will give us the opportunity to expand strategically and deliver our distinctive brand of community banking to Fairfax County."

Since 2021, the Bank has operated a Loan Production Office on Greensboro Drive in Tysons Corner focused on commercial loans; that team, led by Alex Saidii, is now based at the Dolley Madison location. The new branch offers the full suite of retail and business banking, lending, and wealth management solutions offered at the Bank's other locations. Seasoned banker Sunbo Lagbaja serves as the branch manager.

"The success of the Tyson's commercial team has created demand for a retail branch in the area," said Joe Zmitrovich, President and Chief Banking Officer. "We are excited to enhance our support for the local community through this broader presence."

About Bank of Clarke

Founded on April 1, 1881, Bank of Clarke now operates 15 full-service branches, one loan production office, a wealth management office, and one drive-through only facility. The main office is located at 2 East Main Street in Berryville, Virginia, with additional offices in greater Clarke County, Frederick County, Fauquier County, Loudoun County, Fairfax County, and the City of Winchester, VA, as well as an office in Frederick, Maryland. Eagle Financial Services, Inc., the Bank's holding company, has traded on Nasdaq under EFSI since February 2025.

Bank of Clarke's mission is to be a trusted partner in the communities it serves, providing financial solutions to help people achieve their financial goals at every life stage. The bank aims to build lifelong relationships with customers, employees, shareholders, and communities, maintaining its status as a high-performing, independent community bank that offers best-in-class technology, products, and services. For more information, visit www.bankofclarke.bank.

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SOURCE Bank of Clarke

FAQ

When is Bank of Clarke (EFSI) opening its new McLean, VA branch?

Bank of Clarke is opening its new branch at 1313 Dolley Madison Boulevard, Suite 100, in McLean, VA in September 2025.

What services will Bank of Clarke's new McLean branch offer?

The new branch will offer a full suite of retail and business banking, lending, and wealth management solutions, consistent with other Bank of Clarke locations.

Who will manage Bank of Clarke's new McLean branch?

Sunbo Lagbaja will serve as the branch manager, while Alex Saidii leads the commercial loan team at the same location.

How many branches has Bank of Clarke opened since 2022?

The McLean location is the second branch that Bank of Clarke has opened since 2022.

What was Bank of Clarke's previous presence in Fairfax County?

Bank of Clarke previously operated a Loan Production Office in Tysons Corner focused on commercial loans since 2021, which has now been integrated into the new McLean branch.