FVCBankcorp, Inc. (the โCompanyโ) was added as a member of the U.S. small-cap Russell 2000ยฎ Index (the โIndexโ), effective after the U.S. market opens on June 27, as part of the 2022 Russell indexes reconstitution. Membership in the Russell 2000ยฎ Index, which remains in place for one year, is based on membership in the broad-market Russell 3000ยฎ Index. The stock also was automatically added to the appropriate growth and value indexes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russellโs U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. Membership in the Russell 2000 Index will allow for continued market growth for the Company as well as provide viable investment options for diverse clientele at each economic level.
โWe are thrilled to join the Russel 2000 Index as a member,โ David Pijor, Chairman and Chief Executive Officer. โReceiving membership to this important benchmark is a recognition of the Bankโs strength and growth potential, and it facilitates better access and exposure to strategic investment managers. Our addition to the Index marks a milestone in our effort to support local business communities and households.โ
For more information on the Russell 2000ยฎ Index and the Russell indexes reconstitution, go to the โRussell Reconstitutionโ section on the FTSE Russell website.
About FVCBankcorp, Inc.
FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.09 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington D.C., metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 9 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington D.C., and Baltimore, Bethesda, and Rockville, Maryland.
For more information on the Companyโs selected financial information, please visit the Investor Relations page of FVCBankcorp, Inc.โs website, www.fvcbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006157/en/
Contacts
David W. Pijor, Chairman and CEO
(703) 436-3802
dpijor@fvcbank.com
Patricia A. Ferrick, President
(703) 436-3822
pferrick@fvcbank.com
