Virginia Commerce Bancorp, Inc. Announces $75 Million Common Stock Offering
2010年7月19日 - 7:30PM
ビジネスワイヤ(英語)
Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI), today announced
that it has commenced a public offering of approximately $75
million in aggregate public offering price of its common stock,
$1.00 par value per share. Subject to market conditions, the shares
will be issued pursuant to a prospectus supplement filed as part of
an existing, effective shelf registration statement filed with the
Securities and Exchange Commission (“SEC”) on Form S-3 (File No.
333-167263). The Company expects to use the net proceeds from this
offering for general corporate purposes, which may include the
redemption of its Series A Preferred Stock, consistent with its
terms.
Sandler O’Neill + Partners, L.P. will serve as sole book-running
manager for the offering and Stifel, Nicolaus & Company,
Incorporated will act as co-manager. The underwriters have been
granted a 30-day option to purchase from the Company up to an
additional 15% of the offered amount of common stock to cover
over-allotments, if any.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
The Company has filed a registration statement (including a
prospectus and preliminary prospectus supplement) with the SEC for
the offering to which this communication relates. Before you
invest, you should read the prospectus in the registration
statement, the preliminary prospectus supplement and other
documents the Company has filed with the SEC for more complete
information about the Company and this offering. You may get these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov (see below for the direct address for our filed
documents). Alternatively, copies of the preliminary prospectus
supplement and the prospectus relating to the offering may be
obtained by contacting William Beauchesne at the Company, 14201
Sullyfield Circle, Chantilly, Virginia, (703) 633-6120, or Sandler
O’Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY
10022, (866) 805-4128 or Stifel, Nicolaus & Company,
Incorporated, Attention: Prospectus Department, One South Street,
15th Floor, Baltimore, Maryland 21202, (443) 224-1988.
ABOUT VIRGINIA COMMERCE
BANCORP, INC.
Virginia Commerce Bancorp, Inc. is the parent bank holding
company for Virginia Commerce Bank (the “Bank”), a Virginia state
chartered bank that commenced operations in May 1988. The Bank
pursues a traditional community banking strategy, offering a full
range of business and consumer banking services through
twenty-eight branch offices, one residential mortgage office and
one Wealth Management Services office, principally to individuals
and small-to-medium size businesses in Northern Virginia and the
Metropolitan Washington, D.C. area.
FORWARD LOOKING
STATEMENTS
This press release contains forward-looking statements within
the meaning of the Securities and Exchange Act of 1934, as amended,
including statements of goals, intentions, and expectations as to
future trends, plans, events or results of Company operations and
policies. When we use words such as “may,” “will,” “anticipates,”
“believes,” “expects,” “plans,” “estimates,” “potential,”
“continue,” “should,” and similar words or phrases, you should
consider them as identifying forward-looking statements, which are
not guarantees of future performance. These statements are based
upon current and anticipated economic conditions, nationally and in
the Company’s market, interest rates and interest rate policy,
competitive factors, and other conditions which by their nature,
are not susceptible to accurate forecast, and are subject to
significant uncertainty. Because of these uncertainties and the
assumptions on which this release and the forward-looking
statements are based, actual future operations and results may
differ materially from those indicated herein. Readers are
cautioned against placing undue reliance on any such
forward-looking statements. The Company’s past results are not
necessarily indicative of future performance.
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