Ending 2014 with improved assets and stellar loan growth
For Immediate Release — July 01, 2014
FAIRFAX, Va. – FVCbank (FVCbank) welcomes Shannon Owens as the new branch manager of its Arlington, Virginia branch.
Owens has more than 10 years of experience serving the Arlington market. Prior to joining FVCbank, Owens served as banking center manager and assistant vice president for Cardinal Bank, where she focused on supporting the company’s growth in the Arlington and McLean markets. Owens also was a store manager and officer for Wachovia Bank/Wells Fargo.
“At FVCbank continues to grow, we are committed to building a team that is comprised of individuals who are dedicated to helping Virginia communities thrive. Shannon Owens is an experienced professional who has focused the last 10 years on banking in Virginia and will bring her knowledge to our Arlington branch,” said David W. Pijor, FVCbank Chairman and Chief Executive Officer.
For the 2013 year, FVCBank earned a net profit of $2.2 million, or $0.48 diluted earnings per share compared with $1.5 million, or $0.43 for 2012, an increase of $749,918 or 50.7%. The improved earnings were primarily attributable to loan growth, which was funded by the bank’s growing customer deposit base.