The fast-growing First Virginia Community Bank in Fairfax has sold $21.9 million of common stock.

The $456 million-asset bank said Thursday that it sold more than 1.6 million shares at $13.50 each. It plans to use the money to support growth, among other things.

BB&T (BBT) and Sandler O'Neill underwrote the offering.

First Virginia Community has grown quickly since its 2007 founding. Total assets at March 31 increased 68% from a year earlier, and it has successfully closed several capital raises. It bought the $57 million-asset 1st Commonwealth Bank of Virginia last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.