Key Developments For Virginia Commerce Bancorp, Inc.
Virginia Commerce Bancorp, Inc. (VCBI.O) (Nasdaq)
Virginia Commerce Bancorp Announces New Capital of $25 Million Through a Private Placement
Virginia Commerce Bancorp announced that it has raised $25 million in capital through the sale of trust preferred securities to the Company's directors and certain of its executive officers. In connection with the issuance of the trust preferred securities, the Company also issued warrants to purchase an aggregate of 1.5 million shares of common stock to the purchasers. The transaction was completed on September 24, 2008.
Virginia Commerce Bancorp Announces Stock Dividend
Virginia Commerce Bancorp announced the declaration of a 10% stock dividend. The dividend will be payable to shareholders of record as of April 14, 2008, on May 7, 2008.
Virginia Commerce Bancorp Comments On FY 2007 Earnings Guidance-Conference Call
Virginia Commerce Bancorp announced that it continues to strive for minimum annual earnings improvement of at least 20% in fiscal 2007. According to Reuters Estimates, analysts on an average are expecting the Company to report net profit of $27.42 million and EPS of $1.10 in fiscal 2007.
Virginia Commerce Bancorp Announces Stock Dividend
Virginia Commerce Bancorp announced the declaration of a 10% stock dividend. The dividend will be payable to shareholders of record as of April 16, 2007, on May 1, 2007.
Virginia Commerce Bancorp Announces Completion of Sale of Common Stock and Exercise of Over-Allotment Option
Virginia Commerce Bancorp announced the closing of the sale by the Company of 891,250 shares of its common stock at $26.30 per share, including 116,250 shares subject to the underwriters' over-allotment option. The Company received net proceeds from the offering of approximately $22.0 million, after underwriting discounts and commissions and estimated expenses.
