as nasdaq cfnl industry banking founded 1997 headquarters tysons corner virginia united states mclean mailing address key people bernard h. clineburg chairman and ceo mark a. wendel evp cfo products financial services subsidiaries cardinal bank george mason mortgage cardinal wealth services website cardinalbank.com cardinal bank is owned by cardinal financial corporation a financial holding company . cardinal s headquarters is in tysons corner virginia . cardinal bank currently has banking offices located in the washington metropolitan area . other subsidiaries of cardinal financial corporation include george mason mortgage llc and cardinal wealth services . cardinal financial services was founded in november 1997 as a bank holding company with fairfax attorney and politician john h. jack rust jr. as chairman . 2 3 cardinal s initial business plan was to open separate operating banks for each area it served creating a group of community banks . 3 following the opening of its first bank location in mclean in june 1998 cardinal financial sold 2.6 million shares of stock at an initial price of 10 share in july . 2 4 cardinal financial services began operating cardinal wealth services as its investment advisory subsidiary in february 1999 . 5 in 2000 cardinal financial purchased heritage bancorp of fairfax for 13.8 million . 6 cardinal financial struggled during its first five years of operations losing a total of 24 million over that time . 3 the complicated administrative structure needed to support its community bank model severely affected the company s profitability . 3 to remedy the company s ills rust recruited former george mason bank ceo bernard h. clineburg to run cardinal financial in the summer of 2001 . 3 clineburg took over as ceo in october 2001 following the resignation of founding ceo l. burwell gunn . 7 clineburg collapsed the company s four banking units into one laying off 33 of the bank s 135 employees just in time for christmas of that year . 3 cardinal also took a 8.3 million write off on the 2000 purchase of heritage bancorp and a 1.7 million loss on a corporate bond from worldcom . 3 8 9 in may 2002 cardinal raised another 18.5 million with a stock sale priced at 3.50 per share . 3 in 2004 cardinal financial services bought george mason mortgage llc from the united bank virginia unit of united bankshares for 17 million . 10 cardinal financial raised an additional 31 million with the sale of 4 million shares of stock in may 2009 . 11 12 cardinal financial acquired vienna based united financial banking companies inc. the holding company of the business bank for 51.7 million in january 2014 . 13 14 united bankshares to buy cardinal financial for 912 million . 15 references edit news release press release . cardinal financial corporation . 2007 08 06 . retrieved 2008 02 25 . a b mckay peter a. 27 january 1999 . investing in community cardinal financial branches out to county with locally run bank . the washington post . retrieved 6 september 2015 via proquest . subscription required help . a b c d e f g h bredemeier kenneth 25 august 2003 . rescuing cardinal bank took some expert help ; ceo puts retirement on hold and is rewarded with a turnaround . the washington post . retrieved 7 september 2015 via proquest . subscription required help . new securities issues . the wall street journal . 20 july 1998 . retrieved 6 september 2015 via proquest . subscription required help . cardinal financial corporation form sb 2 . edgar online . 19 february 2002 . retrieved 8 september 2015 . cardinal heritage merger approved . the washington post . 31 july 2000 . retrieved 7 september 2015 via proquest . subscription required help . monday morning . the washington post . 29 october 2001 . retrieved 7 september 2015 via proquest . subscription required help . freddie mac earnings doubled in quarter ; firm reports 63 percent gain for year . the washington post . 23 january 2002 . retrieved 7 september 2015 via proquest . subscription required help . monday morning . the washington post . 8 july 2002 . retrieved 7 september 2015 via proquest . subscription required help . m & a roundup cardinal to acquire george mason . national mortgage news . 1 may 2014 . retrieved 5 september 2015 . associated press 22 may 2009 . local digest banking . the washington post . retrieved 6 september 2015 via proquest . subscription required help . cowan lynn 26 may 2009 . follow on stock sales can t keep up fast pace . the wall street journal . retrieved 7 september 2015 via proquest . subscription required help . bhattarai abha 30 december 2013 . news digest bank credit union mergers pick up . the washington post . retrieved 7 september 2015 via proquest . subscription required help . cardinal financial corporation completes acquisition of united financial banking companies inc. press release . tysons corner virginia . 16 january 2014 . retrieved 6 september 2015 . heath thomas 18 august 2016 . united bankshares to buy cardinal financial for 912 million . the washington post . retrieved 18 august 2016 . external links edit official website retrieved from https en.wikipedia.org w index.php title cardinal bank & oldid 735139879 categories companies based in mclean virginiabanks based in virginiacompanies listed on nasdaqhidden categories pages containing links to subscription only contentpages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 august 2016 at 20 54 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view