FAIRFAX, Va.--(BUSINESS WIRE)--FVCBankcorp, Inc. (OTCQX: FVCB), the holding company for FVCbank, announced today that it has completed a private placement to accredited investors of 500,000 shares of its common stock $0.01 par value per share, at a price of $20.00 per share, for gross proceeds, before expenses, of $10,000,000. The offering was oversubscribed, as subscriptions received exceeded the 375,000 as prescribed in the Offering Memorandum dated June 26, 2017. The net proceeds of the offering will be used to support the continued growth of the Bank and for general corporate purposes.

“We are extremely pleased with the success of this transaction and the confidence expressed in our continued growth and profitability,” stated David W. Pijor, chairman and CEO of the Company. “The additional capital will also allow the Company to take advantage of strategic opportunities that have arisen as a result of mergers and consolidations affecting several of our competitors.”

About FVCBankcorp, Inc.

FVCbank commenced operations in November 2007 and is the wholly-owned subsidiary of FVCBankcorp, Inc. FVCbank is a $978 million Virginia chartered community bank serving small and mid-sized businesses and personal banking customers in the Washington D.C. Metropolitan and Northern Virginia area. Locally owned and managed, it is based in Fairfax, Virginia, and has additional full-service offices in Arlington, Ashburn, Manassas, Reston and Springfield, Virginia.

For more information on the Company’s announcement, please visit www.fvcbank.com.