Virginia Commerce Bancorp, Inc.(Nasdaq:VCBI), announced that at the Annual Meeting of Shareholders held on April 26, 2006, the shareholders approved an amendment to the Articles of Incorporation of the Company increasing the number of authorized shares of common stock to 50 million. As a result, the condition to payment of the previously declared 3-for-2 stock split in the form of a 50% stock dividend, has been satisfied. The stock dividend is payable on May 12, 2006, to shareholders of record as of the close of business on April 28, 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.
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