A Virginia investor who has co-founded and sold three community banks in the past decade may buy up to a 45% share in First Capital Bancorp Inc. in Glen Allen, Va.

First Capital said Monday that it intends to offer shareholders the option to purchase up to 8.9 million units of its common stock in its bid to raise as much as $17.8 million in fresh capital. Each unit will consist of one share of common stock and a warrant to purchase half of a share for $2 per whole share.

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