Virginia Commerce Announces Review of Strategic Alternatives
14 Januar 2013 - 12:00PM
Business Wire
Virginia Commerce Bancorp, Inc. (NASDAQ: VCBI) (the “Company”)
today announced that its Board of Directors has initiated a formal
review of strategic alternatives to enhance shareholder value,
including a possible merger, sale or other form of business
combination.
The Company has retained Sandler O’Neill + Partners, L.P. as
financial advisors to advise the Board of Directors in its review.
The Company has not set a definitive timetable for completion of
its evaluation and there can be no assurance that this process will
lead to the pursuit, approval or completion of any transaction or
other strategic initiative. The Company does not intend to disclose
developments regarding this process unless and until its Board of
Directors approves a specific transaction or otherwise concludes
its review of strategic alternatives.
About Virginia Commerce Bancorp, Inc.
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
twenty-eight branch offices, a residential mortgage office and a
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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