Virginia Commerce Bancorp Inc.

5350 Lee Hwy.

Year founded: 1988

Industry: Banking

Post 200 Category: Top Financial Companies

Revenue: n/a

Net Income/Loss: $14.23 Million

Earnings per share: $1.24

Dividend: n/a

Stockholder equity: $91.32 Million

Auditor: Yount, Hyde & Barbour PC

Stock: VCBI

Assets: $1.14 Billion

Market capitalization: $298.07 Million

52-week high: 30 10/28/2004

52-week low: 19.42 4/30/2004

CEO: Peter A. Converse

President: Michael Anzilotti

Employees: 201

Local employees: 201

Description: Virginia Commerce Bancorp is the holding company for Virginia Commerce Bank, a full-service community bank. Opened in 1988, it has 16 branches, two mortgage loan offices, an investment services department and more than $1 billion in assets.

Developments: Virginia Commerce continued to grow and expand its reach in Northern Virginia, as it competes with the large national and regional banks that have been gobbling up local competitors and each other. Virginia Commerce's assets increased more than 29 percent in 2004, passing the $1 billion mark, a milestone in the banking industry. Loans rose by more than 42 percent. The bank has been able to fund its growth from its profit as well as from a "follow-on" public stock offering that raised $22 million and was heavily oversubscribed. Virginia Commerce opened its 15th branch (in Chantilly) in November and its 16th (in the Del Ray section of Alexandria) in January. The company plans to open an additional three branches this year.