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 »
Press Releases
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 »
FVCBankcorp, Inc. Announces Record First Quarter 2021 Earnings
FAIRFAX, Va.–(BUSINESS WIRE)– FVCBankcorp, Inc. (NASDAQ: FVCB) (the “Company”) today reported first quarter 2021 net income of $5.6 million, or $0.38 diluted earnings per share, compared to $3.7 million, or $0.26 diluted earnings per share, for the quarterly period ended March 31, 2020. Net revenues, which include net interest income plus noninterest income, for the… Read More »
FVCbank expands team with new Government Contracting leadership
FAIRFAX, Va. – FVCbank today announced Eric Pietras as its new SVP, Director, Government Contractor Banking Group, adding new strategic talent and expertise to augment the Bank’s leadership and lending teams. Pietras will work out of FVCbank’s Reston office. “Eric has the expertise to support FVCbank’s growth in government contract-focused community banking,” said David W.… Read More »
FVCbank Introduces Cloud-Based Monitoring Service for Loan Customers
FAIRFAX, Va. – Northern Virginia, DC, & Maryland-based community bank FVCbank recently announced their launch of the cloud-based loan monitoring software Cync. This stemmed from FVCbank’s need to provide their borrowers with the ability to view real-time account information, run reports, submit advance requests, upload invoices and more. Cync’s cutting-edge Application Suite has been a… Read More »
