Buckley Sandler Represents FVCbank in Follow-On OfferingRyan S. Pollard
First Virginia Community Bank ("FVCbank" or the "bank") has completed a follow-on offering of 1,622,936 shares of common stock at an offering price of $13.50 per share, raising approximately $21.9 million in gross proceeds. FVCbank intends to use the net proceeds of this offering to support its lending, deposit taking and investing activities, to support its growth, expansion, and general corporate purposes. Buckley Sandler served as legal counsel to FVCbank.
First Virginia Community Bank is a $420 million Virginia chartered commercial bank headquartered in Fairfax, Va., which commenced operations in November 2007. The bank was formed to serve the banking needs of small and medium-sized businesses, their owners and key employees, and professionals and their practices in the greater Washington, D.C., metropolitan area. FVCbank currently operates four full-service banking offices in the cities of Arlington, Fairfax, Manassas and Reston, Va.