Fvcbankcorp Inc is a financial services company that operates as a bank holding company for FVCbank, offering a range of banking products and services primarily to small and mid-sized businesses, as well as individual consumers
The bank provides traditional banking services such as deposit accounts, loans, and lines of credit, while also focusing on personalized customer service and community engagement. Through its innovative financial solutions and commitment to fostering local economic growth, Fvcbankcorp aims to meet the diverse financial needs of its clients and strengthen the communities it serves.
FVCBankcorp, Inc. (Nasdaq: FVCB) (the “Company”) announced today that its Board of Directors has extended its share repurchase program that was initiated in 2020. Under the repurchase program, the Company may repurchase up to 1,300,000 shares of its common stock, or approximately 7% of its outstanding shares of common stock at December 31, 2023. The repurchase program will expire on March 31, 2025, subject to earlier termination of the program by the Board of Directors.
President Joe Biden issued a new executive order on artificial intelligence on Monday, making it the first of a kind to require new safety assessments, equity and civil rights guidance, and research on AI’s
FVCbank, a leading commercial bank in the Washington DC metropolitan area, is proud to announce its recognition as one of the top performing banks in the United States. In the latest ranking released by the American Bankers Association, FVCbank was included in the list of the top 200 performing banks nationwide for banks with assets between $2B and $10B.
Fairfax-based FVCbank has been honored by Keefe, Bruyette & Woods, Inc. (KBW) by being included in KBW’s coveted 2023 Bank Honor Roll. KBW is a leading specialist investment bank in the financial and fintech sectors. One of 14 U.S. banks to make this year’s KBW Bank Honor Roll, FVCbank is the only Washington, DC- or Baltimore-area bank to receive the 2023 distinction.
Jushi Holdings Inc. (OTCQX: JUSHF) (CSE:JUSH) a vertically integrated, multi-state cannabis operator, announced the closing of a secured commercial loan with FVCbank, for gross proceeds of $20 million.
FVCBankcorp, Inc. (Nasdaq – FVCB) (the “Company”) announced today that its Board of Directors has extended its share repurchase program that was initiated in 2020. Under the repurchase program, the Company may repurchase up to 1,300,000 shares of its common stock, or approximately 8% of its outstanding shares of common stock at December 31, 2022, post stock split effective January 31, 2023. The repurchase program will expire on March 31, 2024, subject to earlier termination of the program by the Board of Directors.
FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported record annual 2022 net income of $25.0 million, or $1.35 diluted earnings per share, compared to $21.9 million, or $1.20 diluted earnings per share, for 2021, a year-over-year increase of $3.1 million, or 14%. Net income for the year ended December 31, 2022 includes the Company’s portion of losses from its membership interest in Atlantic Coast Mortgage, LLC (“ACM”), which was $659 thousand, compared to income of $1.5 million for the year ended December 31, 2021. On December 15, 2022, the Company announced that the Board of Directors approved a five-for-four split of the Company’s common stock in the form of a 25% stock dividend for shareholders of record on January 9, 2023, payable on January 31, 2023. Earnings per share and all other per share information reflected herein have been adjusted for the five-for-four split of the Company’s common stock for comparative purposes.
FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) announced today that its Board of Directors approved a five-for-four split of the Company's common stock in the form of a 25 percent stock dividend for shareholders of record on January 9, 2023, payable on January 31, 2023.
Today, FVCbank announced the addition of Bruce Gemmill to its team of banking leaders. Gemmill's extensive executive and marketing experience position him well for his new role at FVCbank as Senior Vice President / Chief Marketing Officer. Gemmill has over 30 years of marketing, advertising, and public relations experience. Previously, Gemmill spent eight years with John Marshall Bank, where marketing efforts helped the bank grow by 367% during his time.
