• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Operating Out of the DC Metro Area
703.436.4740
  • Investor Relations
  • Blog
  • Careers
  • Press
  • Announcements
FVCbank: One Bank. Unlimited Possibilities.

FVCbank

One Bank. Unlimited Possibilities.

Business Account Personal Account
  • About
    • Community Banking
    • Community Involvement
    • Directors
    • Executive Management
    • Governance Documents
    • Investor Relations
    • Mortgage Partner
  • Business
    • Checking Accounts
    • Savings Accounts
    • Business Credit Cards
    • Government Contractor 
    • Insurance Products
    • Commercial Lending Products
    • Merchant Services Program
    • Employee Programs
    • Order New Checks
    • Treasury Management
  • Personal
    • Checking Accounts
    • Savings Accounts
    • Personal Credit Cards
    • Health Savings Accounts
    • Insurance Products
    • Loan Products
    • Home Equity Line of Credit (HELOC)
    • Retirement Accounts
    • Order New Checks
  • Digital
    • Zelle®
  • Interest Rates
  • Find A Branch
  • Contact
  • Account Login
    • Online Banking
    • Cash Management
  • Resources
    • Investor Relations
    • Blog
    • Career Opportunities
    • Press
    • Announcements
› Press Releases › FVCbank Announces Fixed-To-Floating Rate Subordinated Notes

FVCbank Announces Fixed-To-Floating Rate Subordinated Notes

June 20, 2016

FVCBankcorp, Inc. maintains “Outperform” rating and target price, growth outlook strong

For Immediate Release — June 20, 2016

FAIRFAX, Virginia — June 20, 2016 ­­ FVCBankcorp, Inc. (OTCQX: FVCB) (the “Company”), the holding company for FVCbank (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 are intended to qualify as Tier 2 capital for the Company for regulatory purposes.

“We are extremely pleased with the success of this transaction and the confidence this expresses in our continued success. We believe this addition of capital will provide long-term value to the Company and its shareholders,” stated David W. Pijor, chairman, president and CEO of the Company.

The Company intends to use the net proceeds of the offering to support continued organic growth and for general corporate purposes. The additional capital will also allow the Company flexibility to take advantage of strategic opportunities in the market place that may arise.

Sandler O’Neill + Partners, L.P. served as the sole placement agent for the private offering and was advised by LeClair Ryan, LLP. The Company was advised by BuckleySandler LLP.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security nor shall there be any sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Caution About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include but are not limited to statements about the Company’s plans, objectives, estimates, intentions and expectations as to future trends, plans, events or results of the Company’s operations and policies and regarding general economic conditions. These forward-looking statements are based on current beliefs that involve significant risks, uncertainties and assumptions. Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements.

Primary Sidebar

Banking Hours

9am — 5pm EST
Monday — Friday
703.436.4740

If your debit card is lost or stolen after hours, please call us for assistance: 703.436.4740

Contact Us

Branch Locations

Conveniently located in your
neighborhood, we are right
around the corner.

Find a Branch

Footer

Contact Us

Headquarters:
  • 11325 Random Hills Road
  • Suite 240
  • Fairfax, VA 22030
Phone: 703.436.4740
Routing Number: 056009505
Social Icon
Social Icon
FVCbank Member FDIC

Download Our Mobile App

Business
Apple Store Badge
Google Play Badge
Personal
Apple Store Badge
Google Play Badge

Business Banking

  • Checking Accounts
  • Savings Accounts
  • Business Credit Cards
  • Government Contractor
  • Insurance Products
  • Commercial Lending Products
  • Merchant Services Program
  • Employee Programs
  • Order New Checks
  • Treasury Management

Personal Banking

  • Checking Accounts
  • Savings Accounts
  • Personal Credit Cards
  • Insurance Products
  • Loan Products
  • Home Equity Line of Credit (HELOC)
  • Retirement Accounts
  • Health Savings Accounts (HSAs)
  • Order New Checks

Quick Links

  • Press Releases
  • Online Security
  • About FVCbank
  • Forms
  • Privacy Policy
  • Accessibility
  • Mobile Banking Best Practices

© 2023 FVCbank · Powered by 321 Web Marketing