Abigail Adams National Bancorp, Inc. (the “Company”) is a Delaware-chartered
bank holding company which conducts business through its wholly-owned bank
subsidiary, The Adams National Bank (the “Bank”). The Bank serves the nation’s
capital through six full-service offices located in Washington, D.C. and
Maryland. The Company is subject to regulation by the Board of Governors of the
Federal Reserve System (the “Federal Reserve Board”) and the Bank is regulated
by the Office of the Comptroller of the Currency. The Company’s assets consist
primarily of its ownership in the shares of the Bank’s common stock and cash it
receives from the Bank in the form of dividends or other capital distributions.
At December 31, 2003, the Company had consolidated assets of $231,906,000,
deposits of $192,756,000 and stockholders’ equity of $22,875,000. The Bank
exceeds all applicable regulatory capital requirements. See “Supervision and
Regulation.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2004%2f03%2f26%2f0001193125-04-049983.html#FIS_BUSINESS"