CHARLOTTESVILLE, Va. & FAIRFAX, Va., November 04, 2021–(BUSINESS WIRE)–Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) (“Blue Ridge”), the parent company of Blue Ridge Bank, National Association (“Blue Ridge Bank”), and FVCBankcorp, Inc. (NASDAQ: FVCB) (“FVCB”), the parent company of FVCbank, jointly announced today an update to their previously announced business combination. On July 14, 2021, Blue… Read More »
Announcements
FVCBankcorp, Inc. Announces Third Quarter 2021 Earnings; Record Quarterly and Year-to-Date Operating Earnings for 2021
FAIRFAX, Va., November 04, 2021–(BUSINESS WIRE)–FVCBankcorp, Inc. (NASDAQ: FVCB) (the “Company”) today reported third quarter 2021 net income of $4.7 million, or $0.32 diluted earnings per share, compared to $3.9 million, or $0.28 diluted earnings per share, for the quarterly period ended September 30, 2020, an increase of 21%. For the nine months ended September… Read More »
FVCbank Acquires Membership Interest in Atlantic Coast Mortgage, LLC
FVCbank (the “Bank”) has acquired a membership interest in Atlantic Coast Mortgage, LLC (“ACM”). As a result of such investment, the Bank has obtained a 28.7% ownership interest in ACM. The transaction is effective today, August 31, 2021. The Bank provides a warehouse lending facility to ACM, including a construction-to-permanent financing line, and has developed… Read More »
FVCBankcorp, Inc. Announces Second Quarter 2021 Earnings and Record Quarterly Loan Growth
FAIRFAX, Va.–(BUSINESS WIRE)– FVCBankcorp, Inc. (NASDAQ: FVCB) (the “Company”) today reported second quarter 2021 net income of $5.2 million, or $0.36 diluted earnings per share, compared to $2.9 million, or $0.21 diluted earnings per share, for the quarterly period ended June 30, 2020, an increase of 79%. Net revenues, which include net interest income plus… Read More »
Blue Ridge Bankshares, Inc. and FVCBankcorp, Inc. Announce Transformational Combination to Create a Top-Performing Financial Institution
Enhanced Scale to Drive Increased Growth and Profitability: Strengthens core franchise to create 4th largest Virginia-headquartered community bank1 Strong, Affluent, Growing Markets of Operation: Strong, affluent growth markets across Virginia, Maryland and North Carolina Enhanced Revenue Streams with Increased Sources of Fee Income: Specialty business lines, including mortgage, SBA, government contracting and FinTech partnerships Powerful Operating… Read More »
Dulles Based Non-Profit Organization Recognized as Recipient of The 2021 L Burwell Gunn Award
We would like to congratulate Gordon Sumner and the entire Veterans Moving Forward organization for being recognized as the 2021 L Burwell Gunn recipient(s) for excellence in the field of philanthropy. Founded in 2010, Veterans Moving Forward, Inc is a 501(c)(3) nonprofit organization headquartered in Dulles, Virginia. For over a decade, the mental health and… Read More »
