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 — September 04, 2007
David W. Pijor, Chairman and Chief Executive Officer of FVCbank, in organization, announced the Virginia State Corporation Commission, Bureau of Financial Institutions, has approved the organization’s application and has granted a certificate of authority to conduct the business of a bank. “We are very pleased to achieve this important milestone towards our planned opening in the fourth quarter 2007. The regulatory approval process continues on track with the FDIC and Federal Reserve System. We are assembling an outstanding team of talented and committed community bankers and have begun our business calling program to shareholders and other members of our business community. While we can not accept deposits until we open, an integral part of our business model is to have our shareholders actively involved in the growth of their bank. That includes not only banking with us, but also seeking the referrals of their friends, colleagues and family members to FVCbank.” Mark Riley, President and Chief Operating Officer of the Bank added: “The response to the calling program has been overwhelming. Now is a great time to start a bank.”