FAIRFAX, Va.–(BUSINESS WIRE)–FVCBankcorp, Inc. (NASDAQ: FVCB) 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.
“We are delighted to show our appreciation to our shareholders through this stock dividend,” stated David W. Pijor, Chairman and CEO of the Company. “The Board’s decision to split the stock demonstrates confidence that we will continue to deliver solid results and generate significant value for our shareholders.”
Each shareholder of record, as of 5 p.m. Eastern Time on January 9, 2023, shall receive an additional one-quarter (.25) share for each share of common stock held. The payment date for the new shares will be completed to shareholders on January 31, 2023. Following the split, the Company’s outstanding shares will increase from approximately 14.0 million to 17.5 million.
About FVCBankcorp, Inc.
FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.20 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington D.C., metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 9 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington D.C., and Baltimore, Bethesda, and Rockville, Maryland.
For more information on the Company’s selected financial information, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com.
