Virginia Commerce Bancorp, Inc. Announces $75 Million Common Stock Offering

Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI), today announced that it has commenced a public offering of approximately $75 million in aggregate public offering price of its common stock, $1.00 par value per share. Subject to market conditions, the shares will be issued pursuant to a prospectus supplement filed as part of an existing, effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on Form S-3 (File No. 333-167263). The Company expects to use the net proceeds from this offering for general corporate purposes, which may include the redemption of its Series A Preferred Stock, consistent with its terms.

Sandler O’Neill + Partners, L.P. will serve as sole book-running manager for the offering and Stifel, Nicolaus & Company, Incorporated will act as co-manager. The underwriters have been granted a 30-day option to purchase from the Company up to an additional 15% of the offered amount of common stock to cover over-allotments, if any.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The Company has filed a registration statement (including a prospectus and preliminary prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement, the preliminary prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov (see below for the direct address for our filed documents). Alternatively, copies of the preliminary prospectus supplement and the prospectus relating to the offering may be obtained by contacting William Beauchesne at the Company, 14201 Sullyfield Circle, Chantilly, Virginia, (703) 633-6120, or Sandler O’Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, (866) 805-4128 or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One South Street, 15 th Floor, Baltimore, Maryland 21202, (443) 224-1988.

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, 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.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies. When we use words such as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,” “estimates,” “potential,” “continue,” “should,” and similar words or phrases, you should consider them as identifying forward-looking statements, which are not guarantees of future performance. These statements are based upon current and anticipated economic conditions, nationally and in the Company’s market, interest rates and interest rate policy, competitive factors, and other conditions which by their nature, are not susceptible to accurate forecast, and are subject to significant uncertainty. Because of these uncertainties and the assumptions on which this release and the forward-looking statements are based, actual future operations and results may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. The Company’s past results are not necessarily indicative of future performance.

Copyright Business Wire 2010

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