FVCBankcorp, Inc. (FVCB) has opened a new Loan Production Office in Virginia Beach, Virginia, with Terri Ruby appointed as Senior Vice President and Regional President for Hampton Roads. Ruby brings a deep background in market expansion, business development, and treasury services, having spent her entire banking career in the Hampton Roads area.
The new office is part of the bank’s strategy to strengthen its footprint in a high‑growth corridor, enhance relationship‑based banking services for local businesses, and increase loan origination volume in the region. By establishing a dedicated production hub in Virginia Beach, FVCB aims to capture the momentum of a rapidly expanding commercial market while maintaining its core focus on personalized lending.
"We’re welcoming three exceptional individuals as we enter a vibrant and growing market in Hampton Roads. This expansion provides us with an opportunity to support local businesses and to offer our expertise along with our most prominent products and services," said David W. Pijor, Chairman and CEO. "We’re thrilled to announce the expansion of our FVCbank team in Hampton Roads. The addition of Terri Ruby, Kathy Mitchell and Aisha Horton undoubtedly strengthen our commitment to providing outstanding service and fostering strong relationships in the Hampton Roads market," added Patricia A. Ferrick, President.
FVCBankcorp’s recent financial performance underscores the confidence behind this expansion. In the first quarter of 2026, the bank reported net income of $6.4 million, a 24% year‑over‑year increase, and diluted earnings per share of $0.35, beating the Zacks consensus estimate of $0.33. Net interest income rose 16% to $17.4 million, and the net interest margin improved to 3.26%, marking the ninth consecutive quarter of margin expansion. The efficiency ratio also improved to 53.98%. In addition, the bank raised its quarterly cash dividend by 17% to $0.07 per share, payable on May 18 2026, and extended its share repurchase program through March 2027.
The combination of robust earnings growth, margin expansion, and a disciplined cost structure provides a solid foundation for the new office. The expansion is a major operational milestone that aligns with FVCBankcorp’s broader strategy to broaden geographic reach while preserving its relationship‑based lending model. The move positions the bank to capture new loan opportunities in a dynamic market, reinforcing its long‑term growth trajectory.
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