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 — November 27, 2007
David W. Pijor, Chairman and Chief Executive Officer of FVCbank, announced the FDIC has approved its application for deposit insurance .This action allows the Bank to open for business. “With this action, we have received all the necessary regulatory approvals and will open for business. We believe this has been one of the fastest new bank openings. In less than eleven months we have raised $23 million in capital, leased and completed a build out of our corporate offices and main branch, assembled an experienced staff and are now ready to open our doors to the public on December 3, 2007”.