FVCbank adds two experienced bankers to the commercial lending team

Terry L. Elliott joined FVCbank as senior vice president, and brings her award-winning experience in the Manassas, Virginia, area supporting business customers to focus on growing the Bank’s commercial relationships. Prior to joining FVCbank, Elliott worked at United Bank of Manassas, Virginia, as senior vice president, commercial lender. Highlights of her 16-year career include selection by the Small Business Administration’s Richmond District as Financial … Read More

FIG Partners announces FVCBankcorp, Inc. maintains “Outperform” rating

We are reiterating our “Outperform” rating on the shares of FVCBankcorp, Inc. following solid 2Q16 results that were In Line with our $0.21 estimate (only publishing analyst). Based on the second quarter earnings, we are maintaining our 2016 EPS estimate at $0.86 (adjusted for recent 5-for-4 split) and raise our 2017 EPS estimate two cents to $1.02 (also split adjusted). We also are adjusting our Target Price to $20.00 (split-adjusted) given the prospects for … Read More

FVCBankcorp, Inc. reports record second quarter earnings

FVCBankcorp, Inc. (OTCQX:FVCB) (the “Company”) reported unaudited consolidated earnings of $1.8 million for the second quarter of 2016, or $0.21 diluted earnings per share, an increase of $314 thousand, or 21.3% compared with the 2015 second quarter. Return on average assets was 0.94% for the quarter, while return on average equity increased to 9.30%. Net income for the first half of 2016 totaled $3.6 million, an increase of $661 thousand, or 22.9%, compared with net income of $2.9 million for the … Read More

Independent Banker features FVCbank’s expertise in Government Contracting Banking

Sometimes when Chris Turley visits a client, he walks right in. Sometimes, though, there's a metal detector, a scan of his belongings, an escort to a secure room--and a cellphone signal blocker. You deal with that when your clients are government actors, contractors and subcontractors around the nation's capital. "The federal government is in our footprint," says Turley, senior vice president and regional lending executive of First Virginia Community Bank, based in the Washington, D.C., suburb of … Read More

FVCbank announces fixed-to-floating rate subordinated notes

June 20, 2016 ­­ FVCBankcorp, Inc. (OTCQX: FVCB) (the "Company"), the holding company for First Virginia Community Bank (the "Bank"), announced today that it has completed a private placement of $25.0 million in aggregate principal amount of its fixed­to­floating rate subordinated notes. Unless earlier redeemed, the notes will mature on June 30, 2026. The notes bear interest at a fixed rate of 6.00% for the first five years, and thereafter will bear a floating interest rate equal to three-month LIBOR plus 487 basis points. The notes … Read More