WashingtonFirst Bankshares, Inc. is a bank holding company for a Virginia-charted bank with operations throughout the Washington, D.C. metropolitan area.

According to the Complaint, on May 15, 2017, WashingtonFirst’s Board of Directors caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Sandy Spring. Pursuant to the terms of the Merger Agreement, stockholders of WashingtonFirst will receive 0.8713 shares of Sandy Spring common stock for each share owned of WashingtonFirst common stock.

On July 20, 2017, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

On September 8, 2017, Defendants filed a Motion to Dismiss this case. The case was voluntarily dismissed by the Plaintiff on September 11.