WashingtonFirst Bankshares, Inc. (Nasdaq: WFBI), ("WashingtonFirst"), parent of WashingtonFirst Bank, today announced that 1 st Portfolio Lending, the bank's wholly-owned residential mortgage lending subsidiary, is changing its name to WashingtonFirst Mortgage. WashingtonFirst acquired 1 st Portfolio Lending earlier this year to significantly expand its mortgage lending business in the metropolitan DC area. The name change marks the completion of the lending company's integration into the WashingtonFirst family.

"The WashingtonFirst brand stands for financial strength, integrity and service excellence," said Shaza Andersen, founder and CEO of WashingtonFirst. "As we continue to grow, we want customers to associate those attributes with each line of business, whether community banking, mortgage lending, or wealth management. The new mortgage brand is an extension of that promise to our customers."

"We are proud to be associated with WashingtonFirst because the brand is so respected in our communities," added Michael Rebibo, President and CEO of WashingtonFirst Mortgage. "Under the WashingtonFirst banner, we are excited to offer a new, expanded product line which, in addition to our agency direct and jumbo products, now includes an excellent bank portfolio and construction loan program that few competitors can match."

The name change is effective today and is part of WashingtonFirst's ongoing growth strategy. In November of 2015, WashingtonFirst was recognized as one of the "50 Fastest Growing Companies" by the Washington Business Journal. The WashingtonFirst Mortgage logo will appear on the lending company's website ( www.washingtonfirstmortgage.com), marketing materials, and signage. Additionally, there will be local market exposure through WashingtonFirst Bank's 17 branch offices in DC, Virginia and Maryland.

About WashingtonFirst Bankshares, Inc.

WashingtonFirst Bankshares, Inc., headquartered in Reston, Virginia, is the holding company for WashingtonFirst Bank, which operates 18 full-service banking offices throughout the Washington, DC, metropolitan area. In addition, the Company provides wealth management services through its subsidiary, 1st Portfolio Wealth Advisors, and mortgage banking services through the Bank's subsidiary, WashingtonFirst Mortgage. The Company's common stock is traded on the NASDAQ Stock Market under the quotation symbol "WFBI" and is included in the ABA NASDAQ Community Bank Index. As of September 30, 2015, WashingtonFirst had $1.6 billion in total assets. For more information about the Company, please visit: www.wfbi.com.

About WashingtonFirst Mortgage

WashingtonFirst Mortgage is a leading residential mortgage lender committed to providing outstanding service and financing options to our customers in the metropolitan DC and greater mid-Atlantic markets. We provide a broad array of financing solutions and professional guidance to help our customers successfully navigate the lending process. Our highly personalized consultative approach greatly accelerates the lending approval process and ensures our customers get the right loan for their home at the most competitive rate. As a direct lender, we process, underwrite, and close our loans in-house, on time with no surprises. Founded in 2009, WashingtonFirst Mortgage is a subsidiary of WashingtonFirst Bank headquartered in Reston, Virginia with office locations in Virginia, Maryland and the District of Columbia. Visit us at www.washingtonfirstmortgage.com.

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