EXHIBIT 99.2

               UP TO $11,000,000 CONVERTIBLE PREFERRED SECURITIES
                  ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS

                        GREATER ATLANTIC CAPITAL TRUST I

             6.50% CUMULATIVE CONVERTIBLE TRUST PREFERRED SECURITIES

              (LIQUIDATION AMOUNT $10.00 PER CONVERTIBLE PREFERRED
           SECURITY) FULLY, IRREVOCABLY AND UNCONDITIONALLY GUARANTEED
                            ON A SUBORDINATED BASIS,
                   AS DESCRIBED IN THE ENCLOSED PROSPECTUS BY

                        GREATER ATLANTIC FINANCIAL CORP.







To Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees:

         This letter is being distributed to brokers, dealers, commercial banks,
trust companies and other nominees in connection with the rights offering by
Greater Atlantic Financial Corp. of an aggregate of up to $11 million 6.50%
convertible trust preferred securities of Greater Atlantic Financial's newly
formed financing subsidiary, Greater Atlantic Capital Trust I. Greater Atlantic
Capital Trust I is distributing to Greater Atlantic Financial's shareholders of
record on February 4, 2002, rights to purchase 6.50% convertible preferred
securities. Shareholders of record will receive 0.365 subscription rights for
each share of Greater Atlantic Financial common stock held on the record date.

         Each whole right will entitle shareholders of record to purchase one
convertible preferred security for $10.00 under the basic subscription
privilege. Shareholders will also have the right to oversubscribe for up to the
maximum number of convertible preferred securities offered in the rights
offering if they exercise their full basic subscription privilege. If we receive
oversubscription requests for more convertible preferred securities than we have
available for oversubscription, shareholders will receive only their pro rata
portion of these convertible preferred securities based on the number of
convertible preferred securities they subscribe for pursuant to their
oversubscription privilege to the total number of convertible preferred
securities subscribed for pursuant to oversubscription privileges.

         The convertible preferred securities represent an indirect interest in
our 6.50% convertible junior subordinated debentures. The convertible debentures
have the same payment terms as the convertible preferred securities and will be
purchased by Greater Atlantic Capital Trust I using the proceeds from the rights
offering. The convertible preferred securities are convertible into shares of
our common stock as described in the enclosed prospectus.

         The subscription rights are described in the enclosed prospectus and
evidenced by a subscription order form registered in your name or in the name of
your nominee. We are asking you to contact your clients for whom you hold shares
of common stock registered in your name or in the name of your nominee to obtain
instructions with respect to the subscription rights.

         Enclosed herewith for your information and forwarding to your clients
are copies of the following documents:


         1.       Prospectus;


         2.       Form of "To Our Client" Letter; and





         3.       Form of subscription instruction form with spaces provided for
                  preprinting your clients' names, addresses, and number of
                  shares of common stock owned and obtaining your clients'
                  instructions with regard to their rights.

         Your prompt action is requested, in order for your client, and our
stockholder, to receive the benefit of this right. You may obtain additional
copies of the enclosed materials by contacting Denise M. Geran, Wilmington Trust
Company at (302) 651-1749.

         To exercise subscription rights, a properly completed and executed
subscription order form and payment in full for all subscription rights
exercised must be delivered to the subscription agent as indicated in the
prospectus by 5:00 p.m., Eastern time, on March 5, 2002 (or such later date that
we specify).




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         THE RIGHTS OFFERING WILL EXPIRE AT 5:00 P.M., EASTERN TIME, ON
                  MARCH 5, 2002, UNLESS THE OFFER IS EXTENDED.
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NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR
ANY OTHER PERSON THE AGENT OF THE TRUST, GREATER ATLANTIC FINANCIAL OR ANY
AFFILIATE THEREOF, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE ANY STATEMENTS
OR USE ANY DOCUMENT ON BEHALF OF ANY OF THEM IN CONNECTION WITH THE RIGHTS
OFFERING OTHER THAN THE ENCLOSED DOCUMENTS AND THE STATEMENTS CONTAINED THEREIN.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY
CONVERTIBLE PREFERRED SECURITIES. THE OFFER IS MADE ONLY BY THE PROSPECTUS
ACCOMPANIED BY THE SUBSCRIPTION ORDER FORM.

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