Forbes Names Virginia Commerce Bancorp, Inc. One of “America’s 100 Most Trustworthy Companies”
23 April 2012 - 4:22PM
Business Wire
Virginia Commerce Bancorp, Inc. (the “Company”), (Nasdaq: VCBI),
parent company of Virginia Commerce Bank (the “Bank”) has been
named to Forbes’ list of “America’s 100 Most Trustworthy
Companies.” The annual list recognizes publicly-traded U.S.
companies that demonstrate superior transparency and integrity.
Forbes partnered with independent corporate governance analytics
firm GMI Ratings to publish the list of 100 companies on American
exchanges that are the most transparent and trustworthy. GMI’s
quantitative and qualitative analysis looked beyond the raw data on
companies’ income statements and balance sheets in order to assess
the true quality of corporate accounting and management practices,
according to Forbes. GMI finds that its 100 Most Trustworthy
Companies have consistently demonstrated transparent and
conservative accounting practices and solid corporate governance
and management. They do not play games with revenue and expense
recognition, or with asset valuation.
The resulting list was generated after GMI examined more than
8,000 companies traded on U.S. exchanges with market caps of $250
million or more. Virginia Commerce Bancorp, Inc. is included in the
Small-Cap Company category with a current accounting and governance
risk score of 94 out of a possible 100.
“We are honored to be the only bank headquartered in Virginia to
be included in such an esteemed list of American organizations,”
remarked President and CEO of Virginia Commerce Bancorp, Inc.,
Peter A. Converse. “It’s truly gratifying to be recognized for our
commitment to maintaining a high level of accounting practices,
corporate governance and integrity.”
To view Forbes’ entire list of “America’s 100 Most Trustworthy
Companies,” visit
http://www.forbes.com/sites/jacquelynsmith/2012/03/20/americas-most-trustworthy-companies/2/.
About Virginia Commerce Bancorp, Inc.
Virginia Commerce Bancorp, Inc. is the parent bank holding
company for Virginia Commerce 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 twenty-eight branch
offices, one residential mortgage office and one wealth management
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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