FVCBankcorp, Inc. entered into a Senior Unsecured Note Purchase Agreement on February 11, 2026, issuing $25.0 million in fixed-rate notes due 2029. The proceeds are intended for general corporate purposes, including supporting capital ratios at its bank subsidiary.
Key takeaways
The Company issued $25.0 million in aggregate principal amount of 6.75% Fixed Rate Senior Unsecured Notes due March 1, 2029.
The Notes were sold in a private placement to qualified institutional buyers and institutional accredited investors on February 11, 2026.
Interest on the Notes is payable semi-annually on March 1 and September 1, beginning September 1, 2026.
The Company may redeem the Notes in whole or in part at 100% of principal plus accrued interest on or after March 1, 2028, with 30-60 days' notice.
The Notes rank pari passu with other senior unsecured debt and are effectively subordinate to secured indebtedness and structurally subordinate to deposits of FVCbank.
Net proceeds are expected to be used for general corporate purposes, including supporting capital ratios at the Company's bank subsidiary, FVCbank.