VCBankcorp Added to Membership of Russell 2000 Index

FVCBankcorp, Inc. (the "Company") was added as a member of the U.S. small-cap Russell 2000® Index (the "Index"), effective after the U.S. market opens on June 27, as part of the 2022 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. Membership in the Russell 2000 Index will allow for continued market growth for the Company as well as provide viable investment options for diverse clientele at each economic level.

"We are thrilled to join the Russel 2000 Index as a member," David Pijor, Chairman and Chief Executive Officer. "Receiving membership to this important benchmark is a recognition of the Bank's strength and growth potential, and it facilitates better access and exposure to strategic investment managers. Our addition to the Index marks a milestone in our effort to support local business communities and households."

For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.