FVCbank announces strong growth in both deposits and loans for the year ending 2008, the bank’s first full year of operation.
For Immediate Release — July 01, 2008
David W. Pijor, Chairman and Chief Executive Officer, and Gary R. English, Senior Vice President and Regional Executive Officer – Prince William County, led the formal grand opening ceremonies on June 24, 2008 of the bank’s newest office in the Sudley Tower, 7900 Sudley Road, Manassas, Virginia. Mr. Pijor stated’ “Sudley Tower has been home to many great banks and we’re very pleased to open our second office in such a great building. Just as importantly, though, we’re honored to have Gary English and his outstanding team join us.” Mr. English introduced his Manassas colleagues: Christine Rowe, Vice President, Business Development, Stan Keys, Vice President and Office Manager, Mary Michaels, Customer Service Representative and Loretta Brickey, Teller Operations.
Joining in the ribbon cutting ceremony was Susan Jacobs, Prince William – Greater Manassas Chamber of Commerce. Ms. Jacobs indicated Prince William County is a great place for business. Mr. Pijor concurred and noted the pre-formal opening development efforts have been well received in the community.
Mr. Pijor noted that prior to opening FVCbank in November 2007; he had been Chairman of James Monroe Bank until it was sold in 2006. In organizing the new bank, Mr. Pijor led the efforts to raise $18 – $20 million in capital. Due the overwhelming response, the bank raised $23 million in nine weeks. Mr. Pijor attributed the success to the Board’s vision of creating a highly personalized banking environment that would be supported by experienced bankers with state of the art products and services. These services include: free online banking and bill pay, unlimited and free access to ATMs throughout the world, remote deposit capture for businesses and Private Banking services.
Mr. English said that the initial response from the Manassas / Prince William community has been excellent. In addition to old friends and colleagues stopping by the new office, calling efforts are underway to meet with business and community leaders.
Mr. Pijor concluded by saying it’s a great time to start a bank. We have none of the current loan portfolio challenges facing other banks. We’ve assembled an experienced group of bankers that can assist our businesses and families through the ups and downs of the communities we serve. Just as importantly, though, we’ve got the products and services to compete with anyone.