Virginia Banking Veteran to Open Springfield Branch in November
For Immediate Release — May 17, 2013
Fairfax, Virginia. FVCbank (“FVCbank”), a $420 million commercial bank headquartered in Fairfax, Virginia, announced that it has closed on the sale of 1,350,093 shares of its common stock at an offering price of $13.50 per share, for gross proceeds of approximately $18.2 million. The offering, which was effected through the efforts of the directors and executive officers of FVCbank, with the assistance, on a best efforts basis, of BB&T Capital Markets, a division of BB&T Securities, LLC, as lead sales agent, and Sandler O’Neill + Partners, L.P., as sales agent, will continue with respect to unsold shares through May 31, 2013.
The proceeds of the offering will be used by FVCbank to support its lending, deposit taking and investing activities, to support its growth and expansion and for general corporate purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or 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. The offering may be made only by means of an offering circular, as supplemented and amended. Existing shareholders and other individual investors who may wish to participate in the offering may obtain a copy of the offering circular, as supplemented and amended, by contacting Patricia A. Ferrick, Subscription Agent at 703-436-3822. Other interested investors may contact Eric Watson or Liz Smith at BB&T Capital Markets at 804-780-3228 or 804-780-3283. To request the offering circular, as supplemented and amended, via email, please send requests to “email@example.com”. The securities are not deposits and are neither insured nor approved by the FDIC or any other bank regulatory agency. The securities are being offered pursuant to an exemption from registration under the Securities Act of 1933 provided by Section 3(a)(2) of such Act.
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 FVCbank’s plans, objectives, estimates, intentions and expectations as to future trends, plans, events or results of FVCbank’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. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the offering circular, as amended and supplemented.