Burke & Herbert Bank Named Official Bank of the Alexandria Convention & Visitors Association
Alexandria, VA, October 6 – Burke & Herbert Bank was recognized as the official bank of the Alexandria Convention & Visitors Association (ACVA) at the Association's recent Annual Meeting. ACVA noted that Burke & Herbert Bank was its choice for this new marketing partnership given the Bank's 162-year history in the community. As the official bank, Burke & Herbert Bank will be an active partner in growing the tourism industry in Alexandria. This initiative supports the Bank's long-standing mission of actively contributing to the vitality of the communities in which it operates.
Tourism plays a vital role in the economic health of the city where Burke & Herbert Bank has been headquartered since 1852. ACVA reported that in 2013, visitor spending generated $24 million in tax revenue for the City of Alexandria, helping to fund needed resident services. Visitor spending contributed $5,000 per resident in economic activity and reduced the average tax bill of every household by more than $300. Tourism supports more than 6,000 jobs in Alexandria and plays a key role in the success of the city's strong community of independently owned shops and restaurants.
The Alexandria Convention & Visitors Association is a private, non-profit membership organization whose mission is to generate tourism and meetings that increase revenue and promote the City of Alexandria and its assets.
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 along with investment accounts, trust products and wealth management services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Trust and wealth management products and services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.