FVCBankcorp, Inc. Reports Change in Control
Ticker: FVCB · Form: 8-K · Filed: Sep 10, 2024 · CIK: 1675644
Sentiment: neutral
Topics: change-of-control, 8-K, banking
Related Tickers: FVCB
TL;DR
FVCBankcorp (FVCB) just filed an 8-K for a change in control. Big news for shareholders.
AI Summary
FVCBankcorp, Inc. announced a change in control on September 10, 2024. The company, incorporated in Virginia, is involved in commercial banking.
Why It Matters
A change in control filing indicates a significant shift in the ownership or management of the company, which could impact its strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — Changes in control can introduce uncertainty regarding future operations, management, and strategic direction, potentially affecting stock performance.
Key Numbers
- 001-38647 — SEC File Number (Identifies the company's filing history with the SEC.)
- 47-5020283 — IRS Employer Number (Company's tax identification number.)
Key Players & Entities
- FVCBankcorp, Inc. (company) — Registrant
- Virginia (location) — State of incorporation
- September 10, 2024 (date) — Date of earliest event reported
FAQ
What specific event triggered the 'Change in Control' filing for FVCBankcorp, Inc.?
The filing does not specify the exact event but is categorized under 'Changes in Control of Registrant' and reported as of September 10, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 10, 2024.
What is FVCBankcorp, Inc.'s primary business as indicated by its SIC code?
FVCBankcorp, Inc.'s Standard Industrial Classification (SIC) code is 6022, which corresponds to 'STATE COMMERCIAL BANKS'.
Where is FVCBankcorp, Inc. headquartered?
FVCBankcorp, Inc.'s principal executive offices are located at 11325 Random Hills Road, Suite 240, Fairfax, Virginia 22030.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-09-10 16:27:51
Key Financial Figures
- $0.01 — ange on Which Registered Common Stock, $0.01 par value FVCB The Nasdaq Stock Market,
Filing Documents
- fvcb-20240910.htm (8-K) — 21KB
- 0001675644-24-000172.txt ( ) — 140KB
- fvcb-20240910.xsd (EX-101.SCH) — 2KB
- fvcb-20240910_lab.xml (EX-101.LAB) — 21KB
- fvcb-20240910_pre.xml (EX-101.PRE) — 12KB
- fvcb-20240910_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 9, 2024, B. Todd Dempsey, Executive Vice President and Chief Operating Officer ("COO") of FVCBankcorp, Inc. (the "Company") and its wholly owned subsidiary FVCbank (the "Bank"), notified the Company of his intent to retire from the Company and the Bank effective November 1, 2024, and will step down as COO on that date. As COO, Mr. Dempsey oversees the support function of the Bank including information technology, deposit operations, loan operations, cash management and facilities management. Mr. Dempsey's retirement has provided the Bank an opportunity to elevate certain key members of the Bank who will be handling these responsibilities going forward. David W. Pijor, Chairman and Chief Executive Officer of the Company, said, "Todd has been an invaluable member of the FVCbank team and has significantly contributed to our success. Todd was instrumental in forming FVCbank, having joined us at our inception. He held various positions within our organization including Chief Credit Officer and over the last 12 years as Chief Operating Officer. We thank him for his years of service to FVCbank and wish him the all the best in his retirement."
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FVCBANKCORP, INC. By: /s/ Jennifer L. Deacon Jennifer L. Deacon, Executive Vice President and Chief Financial Officer Dated: September 10, 2024