- The Washington Times - Sunday, June 15, 2003

Michael T. Flynn is using his 30 years of experience with large banks to propel Mercantile Bankshares Corp., a Baltimore bank-holding company, in the Washington area.

Mr. Flynn, 55, recently signed on as regional executive for Mercantile’s Washington market, overseeing the company’s specialty services such as wealth management and investment. He is also coordinating plans for Mercantile’s four local bank affiliates to expand in the District and Northern Virginia.

Although details haven’t been finalized, the company plans to add branches of Potomac Valley Bank, Citizens National Bank, the National Bank of Fredericksburg and Marshall National Bank in the two areas, Mr. Flynn said.

“We want to increase our physical visibility in these areas because it ultimately helps us increase our specialty services there,” he said.

The biggest challenge of the job is expanding into the District, which is saturated with banks and other financial institutions, Mr. Flynn said.

“But I think Mercantile is large enough to keep us in the market while being small enough to have that strong customer relationship,” he added.

Mercantile, with more than $11 billion in assets, said in March that it would buy rival bank F&M; Bancorp of Frederick for about $500 million to boost its operations in Maryland. The company has 16 bank affiliates in Maryland, three in Virginia and one in Delaware.

Mr. Flynn said he jumped at the offer because it kept him in the Washington area. “My career has specialized in the D.C. banking industry, and this job has been a natural fit in that category,” he said.

He spent the past three years as strategic planning director at Allfirst Financial Inc., a Baltimore banking company. Allfirst was bought by M&T; Bank Corp., also known as Manufacturers & Traders Trust Co., in April.

Before Allfirst, Mr. Flynn was a group executive for the mid-Atlanic region of the Private Bank at Bank of America, where he led investment and asset-management services.

Edward J. Kelly, chairman, president and chief executive, said in a statement that he hired Mr. Flynn because of his knowledge of commercial, private and retail banking in the Washington market.

“His strong management and leadership abilities, combined with his accomplishments in commercial and retail banking as well as wealth-management business, make Mike the best person to lead our Washington area operation,” Mr. Kelly said.

Mr. Flynn lives in Potomac with his wife, Barbara.

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