UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 8-K

CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 27, 2010



Virginia Commerce Bancorp, Inc.
 (Exact name of registrant as specified in its charter)



Virginia

0-28635

54-1964895

(State or other jurisdiction of incorporation)

(Commission file number)

(IRS Employer Number)



5350 Lee Highway, Arlington, Virginia  22207
(Address of Principal Executive Offices) (Zip Code)


Registrant's telephone number, including area code:  703.534.0700

N/A
(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02.          Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal
                            Officers Compensatory Arrangements of Certain Officers

          (d)       On January 27, 2010, the Board of Directors of Virginia Commerce Bancorp, Inc. appointed Todd A. Stottlemyer to fill a newly created seat on the Board of Directors.  Mr. Stottlemyer will also serve as a member of the Board of Directors of Virginia Commerce Bank (the “Bank”).  To the knowledge of the Company, there is no arrangement or understanding between Mr. Stottlemyer and any other person pursuant to which he was selected as a director.  

Mr. Stottlemyer will serve on the following Board committee of the Company: Personnel and Compensation and participate in the nominations process of the Company’s Board of Directors.  He will also serve on the Technology committee of the Bank.

Mr. Stottlemyer, 46, Executive Vice President and Chief Corporate Services Officer of Inova Health System where he oversees technology innovation, legal services, corporate governance, risk management, compliance and community and government affairs, among other areas. Previously he was President and Chief Executive Officer of the National Federation of Independent Business, Chief Executive Officer and Founder of Apogen Technologies, Inc., President of McGuire Woods Consulting , and as Executive Vice President/Chief Financial and Administrative Officer of BTG, Inc.

Mr. Stottlemyer and his related persons from time to time have may have banking transactions (potentially including loan and deposit transactions) with the Bank.  Such transactions will be in the ordinary course of business, on substantially the same terms, including interest rates, maturities and collateral requirements, as those prevailing at the time for comparable transactions with non-affiliated persons and do not involve more than the normal risk of collectibility or present other unfavorable features.  

Other than eligibility for fees (including grants of options) for service as a member of the Company and Bank Boards of Directors, as described in the Company’s proxy materials for the Annual Meeting of Shareholders held on April 29, 2009 (and as subject to periodic adjustment), Mr. Stottlemyer is not a party to any material plan, contract or arrangement entered into or materially amended in connection his appointment to the Board of Directors of the Company.


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VIRGINIA COMMERCE BANCORP, INC.

 

 

 

 

 

By:

/s/ Peter A. Converse

Peter A. Converse, Chief Executive Officer

 
 

Dated:

February 2, 2010

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