FVCBankcorp, Inc. Announces Net Charge-Off for the Fourth Quarter Ended December 31, 2020
January 21, 2021 at 04:00 pm
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FVCBankcorp, Inc. announced net charge-off for the fourth quarter ended December 31, 2020. For the period, the company reported net charge-offs of $98,000 compared to $303,000 a year ago.
FVCBankcorp, Inc. is a holding company. The Company operates primarily through its subsidiary, FVCbank (the Bank), which is a community oriented, locally-owned and managed commercial bank. It emphasizes providing commercial banking services to small and medium-sized businesses, professionals, non-profit organizations and associations, and investors living and working in and near its service area. It offers retail banking services to accommodate the individual needs of both corporate customers as well as the communities it serves. The Company also offers online banking, mobile banking and a remote deposit service. The Company provides a variety of lending products to small and medium-sized businesses, including commercial real estate loans; commercial construction loans, and Small Business Administration (SBA) lending. Through third party networks, the Company offers its customers access to a full range of business insurance products and business and consumer credit card products.