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Report: Shaza Andersen, CEO, One of Two Females Leading A Top 20 Bank in Region

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[Excerpts from a report by Carolyn M. Proctor, Data Editor, Washington Business Journal, December 2, 2016]

Women are leading at Citibank, WashingtonFirst Bank, Sonabank, Carter Bank & Trust and Jefferson Security Bank in Greater Washington, D.C.   Nearly twice as many women leaders grace our List of the region’s top 50 banks and thrifts this year compared with five years ago.

But before you get excited at such female ascension, note this: That’s still just five women today compared with 55 men, only two in the top 20 [Shaza Andersen is one] — not exactly parity…

Women on the List

Out of 50 banks and 60 total executives on the List of largest banks locally, only five are women. Together, they oversee banks with a combined $9.3 billion in metro-area deposits. Without outlier Citibank, that drops to $2.6 billion.

Citibank:  Mindy Mercaldo, Market president

Mercaldo became the managing director for Citibank’s central southeast region this past January, having previously served as the market president for Illinois at Citibank since 2011. She has 27 years of experience in retail and small-business banking behind her.

On the [List]: No. 8
Local deposits:$6.67 billion
Total deposits:$947.26 billion
Market share: 3.01%

WashingtonFirst Bank:  Shaza Andersen, Founder and CEO

Andersen has led WashingtonFirst Bank since its inception in 2004. Before that, she was the chief operating officer and executive vice president of Century National Bank, which was acquired by United Bank.

On the [List]: No. 18
Local deposits:$1.56 billion
Total deposits:$1.56 billion
Market share: 0.7%


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Click here to view WBJ’s Top 50 Local Banks & Thrifts (link, subscriber content)