First Virginia Community Bank is a state-charted bank serving small and mid-sized businesses and personal banking customers in Northern Virginia. Locally owned and managed, FVCbank is based in Fairfax, Va. and has additional full-service offices in Arlington, Manassas, Reston, and Springfield.
The Virginia Chamber of Commerce recently named FVCbank one of the top 50 fastest-growing businesses in the state, the only organization in the banking industry to receive the award in 2013. Rankings for the Fantastic 50 award are based on sales and revenue over a four-year period. During 2012, FVCbank’s total loans grew to 331.1 million, which reflects a compounded annual growth rate of 45.5 percent.
Also in 2013, FVCbank announced its second and final closing on the sale of its common stock. The total number of shares sold in the offering was 1,622,936, at an offering price of $13.50 per share, for gross proceeds of approximately $21.9 million.
In late 2012, FVCbank closed on its acquisition of 1stCommonwealth Bank of Virginia marking its expansion into Arlington County. The all-stock transaction represents the first acquisition for the five-year-old bank. With the acquisition, FVCbank gained $48 million in loans and $54 million in deposits, as well as 1st Commonwealth’s former banking office, located at 2500 Wilson Blvd. in Arlington, bringing FVCbank to total assets in excess of $410 million.
For more information on how to become an investor please contact David Pijor, Chairman and Chief Executive Officer.
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