MoCo Native, Michael Solomon, Named to BizJournal’s 40 Under 40 List; Leads Virginia’s Oldest Bank’s Expansion into Montgomery County

Last year Burke & Herbert Bank, Virginia’s oldest bank, expanded outside of Virginia (into Bethesda) for the first time in its 170-year history. The expansion was led by Gaithersburg native and Burke & Herbert Bank senior vice president Michael Solomon, who was recently named to BizJournal’s 40 Under 40 list.

Burke & Herbert Bank announced last summer that it opened a commercial lending office in Bethesda, Maryland, which marked the first time the 170-year old financial institution, headquartered in Alexandria, has operated outside of Virginia. The Bethesda commercial lending office, at 7272 Wisconsin Avenue, is led by Senior Vice President and Relationship Manager Michael Solomon. Solomon, local to the Montgomery County area, brings over a decade of financial experience to this role. He attended Dufief Elementary School, Robert Frost Middle School, and Wootton High School.

On Burke & Herbert Bank’s expansion: “Several factors drove the decision to set up shop in Bethesda,” stated President and CEO David Boyle. “Our strategic vision is to grow the bank and the Bethesda market is rich with dealmakers and real estate companies. This office gives us the opportunity to be closer to them as well as to existing commercial customers based in Maryland. We also are looking to hire more lenders – our formula is to get lenders that live in and know the markets where we operate. Having an office in Bethesda makes it easier to attract this local talent.”