Virginia Commerce Bancorp, Inc. Announces Stock Split
16 Mars 2006 - 12:00PM
Business Wire
Virginia Commerce Bancorp, Inc. (NASDAQ-VCBI), Chairman, W. Douglas
Fisher, today announced the declaration of a 3-for-2 stock split in
the form of a 50% stock dividend, subject to the approval by
shareholders at the Company's annual meeting to be held on April
26, 2006, of an amendment to the Articles of Incorporation
increasing the number of authorized shares. If the amendment is
approved at the annual meeting, the stock split in the form of a
dividend will be payable to shareholders of record as of April 28,
2006, on May 12, 2006. 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 nineteen branch offices, two residential mortgage
offices and one investment services office, principally to
individuals and small to medium-size businesses in Northern
Virginia and the Metropolitan Washington, D.C. area. Shareholders
of Virginia Commerce Bancorp, Inc. are advised to read the proxy
statement regarding the proposed amendment to the Articles of
Incorporation when it is delivered to them because it will contain
important information about the amendment. The proxy statement will
be issued in connection with the solicitation of proxies by the
Board of Directors of Virginia Commerce Bancorp, Inc. Copies of the
proxy statement, when available, can be obtained at the SEC's
website at www.sec.gov. Copies of the proxy statement, when
available, can also be obtained, without charge, by directing a
request to Virginia Commerce Bancorp, Inc., 5350 Lee Highway,
Arlington, Virginia, 20007, Attention: Lynda Cornell.
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