Fairfax, VA-FVCBankcorp Inc. (OTCQX:FVCB) (the “Company”) today reported first quarter 2018 earnings increased 29% from a year ago to $3.0 million
For Immediate Release — June 20, 2017
(FAIRFAX, VA – June 14, 2017) — FVCbank is pleased to announce the appointment of Steven M. Wiltse, CPA, a former board member with Cardinal Financial Corp., to FVCbank’s board of directors.
Wiltse, a CPA and experienced business executive in the Washington, D.C. region, previously served on the audit and nominating committees at Cardinal. On April 21, United Bankshares, Inc. closed on its acquisition of Cardinal Financial Corp.
Wiltse also served on the board of directors and was a member of the marketing committee at Eagle Bank, Inc., of Bethesda, Maryland.
“Steven Wiltse brings extensive expertise and experience to our board, specifically his tremendous background as a CPA, overseeing significant growth and business development in government contracting banking and commercial and industrial lending, which will add to our already strong board of directors,” said David W. Pijor, chairman, president and CEO. “His dynamic reputation of creating innovative solutions for organizations ties in well with the deep banking relationships we’ve built in our communities. He understands the needs and flexibility required by technology businesses, government contractors and nonprofit organizations, which makes him a good fit for our organization.”
As the bank celebrates its 10th anniversary in November, FVCbank continues to grow, with an expanded branch network, robust loan pipeline and growing team of bankers. On April 18, 2017, FVCbank’s holding company, FVCBankcorp, Inc., announced consolidated earnings up 32 percent in the first quarter of this year from the same period last year, and total assets increasing to $922.3 million, a 24.5 percent increase over the same period in 2016.
“FVCbank has a tremendous reputation in the community resulting in its continued growth and success as a solid bank generating personalized solutions for its customers,” Wiltse said. “I’m excited to join this team of talented business leaders, to offer my experience and insights and focus on continued growth opportunities for the bank and our clients in the Washington, D.C., region.”
Wiltse’s career includes leadership roles as co-founder and partner of Argy, Wiltse, & Robinson, P.C. of McLean, Virginia, overseeing its growth to one of the largest public accounting firms in the nation. In November 2012, BDO USA LLP, a top five national CPA and professional services firm with more than $1 billion in revenues, acquired Argy, Wiltse, & Robinson. Following the acquisition, Wiltse was appointed a senior partner with BDO, responsible for practice development and business management.
Wiltse is a member of the American Institute of Certified Public Accountants and the National Association of Corporate Directors. He received the SmartCPA award in 2008, 2010 and 2011 from SmartCEO magazine. Wiltse is active in the Washington, D.C., region with nonprofit organizations, serving on the board of directors of Hopecam, Inc.
Celebrating 10 years of sound financial performance and continued growth, FVCbank was formed in November 2007 to serve the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Washington D.C. metropolitan and Northern Virginia area. Based in Fairfax, Virginia, the $921.1 million Virginia chartered community bank is locally owned and managed, with six full-service offices in Arlington, Ashburn, Fairfax, Manassas, Reston and Springfield, Virginia. Visit www.fvcbank.com for more information.