First Virginia Community Bank Federal Reserve Bank Membership Approved

Business Wire, Oct 9, 2007

FAIRFAX, Va. -- David W. Pijor, Chairman and Chief Executive Officer of First Virginia Community Bank, in organization, announced the Federal Reserve Bank of Richmond has approved the organization's application for membership in the Federal Reserve System. "Membership in the Federal Reserve System provides our new bank with extensive products and services that will support our business plan."

Mr. Riley, President and Chief Operating Officer, stated, "Construction continues to move forward at the new Main and Corporate offices at 11325 Random Hills Road, Fairfax, Va. 22030. Business development efforts are underway and the response has been outstanding."

First Virginia Community Bank (I.O.) is a Fairfax, Virginia headquartered state chartered bank, currently in organization. First Virginia Community Bank (I.O.) raised $23 million in capital earlier in 2007 and anticipates opening in November 2007, subject to final regulatory approval.

For further information, please contact Mr. Pijor at 703-385-8008.