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First Capital Bancorp, Inc. (FCVA) Sees Problem Loans Decrease In Most Recent Quarter

Tue, 21 Jul 2009 20:15:34 GMT

First Capital Bancorp, Inc. reported its second quarter earnings for the period ending June 30, 2009. The bank reported a net loss of $731,000, or $0.29 per diluted share, compared to net income of $0.13 per share in the same quarter in 2008. John Presley, the CEO of First Capital Bancorp, Inc. said, “While we are encouraged by positive trends in net interest income, decreased funding cost and reductions in nonperforming assets and delinquencies, we continue to be cautious in our view of the economy and the effects on the portfolio.” The bank said that the loss relative to the profitable quarter achieved in 2008 was due to costs related to its merger with Eastern Virginia Bankshares, Inc., higher Federal Deposit Insurance Corporation (FDIC) insurance assessments, higher loan loss provisions and legal fees. There were some encouraging signs regarding the credit cycle for First Capital Bancorp, Inc. as nonperforming[More...]

Banking firms cancel merger / First Capital, Eastern Virginia say they won't keep awaiting approval

Wed, 11 Nov 2009 00:49:00 GMT

First Capital Bancorp Inc., the bank holding company for First Capital Bank, and Eastern Virginia Bankshares Inc. have called off their merger, citing the long process to get regulatory approval.
The combination would have created the second-largest community bank based in the Richmond area and one of the 10 largest in Virginia, based on total assets.
Joe Shearin, president and chief executive officer of Eastern Virginia, and John Presley, managing director and chief executive of First Capital, said in a joint statement yesterday that the combination of the two banks was considered to be in the best interest of customers, shareholders, employees and the community.

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First Capital Bancorp, Inc. (FCVA) Sees Problem Loans Decrease In Most Recent Quarter

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Form 4/A FIRST CAPITAL BANCORP, For: Dec 03 Filed by: JONES YANCEY S (10K)

Form 4 FIRST CAPITAL BANCORP, For: Dec 03 Filed by: JONES YANCEY S (10K)

Form 4 FIRST CAPITAL BANCORP, For: Dec 03 Filed by: PRESLEY JOHN M (10K)

Form 4/A FIRST CAPITAL BANCORP, For: Nov 30 Filed by: PRESLEY JOHN M (10K)

Form 3 FIRST CAPITAL BANCORP, For: Nov 30 Filed by: Armstrong Gary L. (10K)

Form 4 FIRST CAPITAL BANCORP, For: Nov 30 Filed by: Wright Richard Warren (10K)

Form 4 FIRST CAPITAL BANCORP, For: Nov 30 Filed by: PRESLEY JOHN M (10K)

Form 4 FIRST CAPITAL BANCORP, For: Nov 30 Filed by: CUCCIA PATRICIA A (10K)

Form 4 FIRST CAPITAL BANCORP, For: Nov 30 Filed by: WAGNER KATHERINE K (10K)

Form 4/A FIRST CAPITAL BANCORP, For: Nov 30 Filed by: BIEN WILLIAM D JR (10K)