Burke & Herbert Bank to Sponsor Power Brokers Event
Bank's Chief Lending Officer and WBJ's Editor-in-Chief Among Key Participants
Alexandria, VA, February 3 - Burke & Herbert Bank is pleased to announce that the Bank has signed on as a sponsor of the Washington Business Journal's "Power Brokers" event. The event is the first in the publication's Real Estate Dealmakers series - a series of moderator-led panel discussions featuring some of the key players in real estate deals in Greater Washington.
The Power Brokers event, which will be held February 9, 2017 at 5 p.m. at Gensler on 2020 K Street NW in Washington, D.C., will provide attendees with the opportunity to meet some of the people who are making a big impact on the local real estate market and to learn more about why they make the moves they do. "Power Broker" panelists include: Oliver Carr III, CEO, Carr Properties; Richard Lake, Partner, Roadside Development; Jane Luger, Director of Office Asset Management & Leasing, Cohen Equities, and Sean Sullivan, Senior Project Manager, Boston Properties. Doug Fruehling, Editor-in-Chief of the Washington Business Journal, will serve as the moderator for the panel discussion. Burke & Herbert Bank Executive Vice President and Chief Lending Officer, Bill Newell, will welcome the event attendees and introduce the panelists.
"As a community bank with a long, successful history in commercial real estate lending, it is important for Burke & Herbert Bank to stay up-to-date on what’s happening in the market so that we are able to continue playing a key role in facilitating successful real estate deals," commented Mr. Newell. "The Power Brokers event provides a great venue for us to learn from key players in the industry and to introduce ourselves to those who may not be aware of our commercial banking capabilities," he added.
Commercial real estate lending is a core competency for Burke & Herbert Bank and remains a focus of the Bank's lending activity. In 2016, the Bank's loan portfolio grew by 15.6% and reached an all-time high, ending the year at $1.64 billion. The Bank generated record new loan production last year as well, driven largely by commercial real estate loans.
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Member FDIC; Equal Housing Lender.