Virginia Commerce Bancorp Inc. in Arlington said Tuesday that its second-quarter net income increased 9.6%, to $6.9 million, from the year before on strong loan and deposit growth. Related Links
The $2.1 billion-asset company said that total loans climbed 20%, to $1.8 billion, and deposits rose 22%, to $1.7 billion.
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Peter A. Converse, the company's chief executive officer, said in a press release that earnings were also boosted by a lower loan-loss provision — $300,000, down 69% from the year earlier.
