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A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.
June 19 -
The fast-growing First Virginia Community Bank in Fairfax 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.
June 6
First Virginia Community Bank in Fairfax has named a new chief operating officer and added a chief marketing officer position.
Todd Dempsey, the $419 million-asset bank's new chief operating officer, will be responsible for improving internal processes and infrastructure and will oversee operations, information technology, security, compliance and communications, First Virginia said Tuesday. He joined the bank in 2007 from another Virginia bank, where he reorganized and supervised its business-lending group.
"Under Todd Dempsey's leadership, FVCbank established lending and credit policies that helped to boost our bank's loan portfolio despite flat economic times," David Pijor, First Virginia's chairman and chief executive, said in a press release Tuesday. "Dempsey has continued to demonstrate his ability to be innovative and effective, and both the bank and our customers will benefit from his leadership."
Jack Novak was named chief marketing officer. He joined First Virginia in 2011 after having worked at Millennium Bank for seven years, including more than two years as president and CEO. Novak has experience in sales and marketing, branch administration, consumer lending, commercial lending, operations and mortgage banking.
