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    SEC Form SC 13G filed by FVCBankcorp Inc.

    5/16/23 2:43:24 PM ET
    $FVCB
    Major Banks
    Finance
    Get the next $FVCB alert in real time by email
    SC 13G 1 eps10794_fvcb.htm

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No. ) *

     

    FVCBankcorp, Inc. (FVCB)
    (Name of Issuer)
     
    Common Stock
    (Title of Class of Securities)
     
    36120Q 10 1
    (CUSIP Number)
     
    5/16/2023
    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

      ☐ Rule 13d-1(b)
         
      ☑ Rule 13d-1(c)
         
      ☐ Rule 13d-1(d)

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

     

    CUSIP No .   36120Q 10 1   Page 2 of 8

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    FJ Capital Management LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 894,417 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 894,417 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    894,417 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    5.05%

     

    12

     

    TYPE OF REPORTING PERSON

     

    IA
             

     

     
    (1)Consists of 894,417 shares of common stock of the Issuer held by Financial Opportunity Fund LLC of which FJ Capital Management LLC is the managing member; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

     

     

     

    CUSIP No .   36120Q 10 1   Page 3 of 8

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    Financial Opportunity Fund LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 894,417 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 894,417 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    894,417 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    5.05%

     

    12

     

    TYPE OF REPORTING PERSON

     

    OO
             

     

     
    (1)Consists of 894,417 shares of common stock of the Issuer held by Financial Opportunity Fund LLC.

     

     

     

    CUSIP No .   36120Q 10 1   Page 4 of 8

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    Martin Friedman

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    United States
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 894,417 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 894,417 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    894,417 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    5.05%

     

    12

     

    TYPE OF REPORTING PERSON

     

    IN
             

     

     
    (1)Consists of 894,417 shares of common stock of the Issuer held by Financial Opportunity Fund LLC of which FJ Capital Management LLC is the managing member; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.

     

     

     

    CUSIP No .   36120Q 10 1   Page 5 of 8

     

    Item 1(a).   Name of Issuer:
         
        FVCBankcorp, Inc.
         
    Item 1(b).   Address of Issuer’s Principal Executive Offices:
         
        11325 Random Hills Road, Suite 240
        Fairfax, VA  22030
         
    Item 2(a).   Name of Person Filing:
         
       

    This Schedule 13G is being filed on behalf of the following Reporting Persons:

    Financial Opportunity Fund LLC

    FJ Capital Management LLC

    Martin Friedman

         
    Item 2(b).   Address of Principal Business Office or, if None, Residence:
         
       

    FJ Capital Management, LLC

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

     

    Financial Opportunity Fund LLC

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

     

    Martin Friedman

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

         
    Item 2(c).   Citizenship:
         
       

    Financial Opportunity Fund LLC, and FJ Capital Management LLC – Delaware limited liability companies

    Martin Friedman – United States citizen

         
    Item 2(d).   Title of Class of Securities:
         
        Common Stock
         
    Item 2(e).   CUSIP Number:
         
         36120Q 10 1
         
    Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

     

      (a) ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).

     

     

     

    CUSIP No .   36120Q 10 1   Page 6 of 8
           
      (b) ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
           
      (c) ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
           
      (d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
           
      (e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
                 

     

      (f) ☐

    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

     

      (g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
           
      (h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
           
      (i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
           
      (j) ☐

    Group, in accordance with §240.13d-1(b)(1)(ii)(J).

     

    Item 4. Ownership.
       
      Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     

      (a) Amount beneficially owned:
         
       

    FJ Capital Management LLC – 894,417 shares

    Financial Opportunity Fund LLC – 894,417 shares

    Martin Friedman – 894,417 shares

         
      (b) Percent of class:
         
       

    FJ Capital Management LLC – 5.05%

    Financial Opportunity Fund LLC – 5.05%

    Martin Friedman – 5.05%

         
      (c) Number of shares as to which such person has:
         
        (i) Sole power to vote or to direct the vote
           
          All Reporting Persons - 0
           

     

     

     

    CUSIP No .   36120Q 10 1   Page 7 of 8

     

        (ii) Shared power to vote or to direct the vote
           
         

    FJ Capital Management LLC – 894,417 shares

    Financial Opportunity Fund LLC – 894,417 shares

    Martin Friedman – 894,417 shares

           
        (iii) Sole power to dispose or to direct the disposition of
           
          All Reporting Persons - 0
           
        (iv) Shared power to dispose or to direct the disposition of
           
         

    FJ Capital Management LLC – 894,417 shares

    Financial Opportunity Fund LLC – 894,417 shares

    Martin Friedman – 894,417 shares

     

    Item 5. Ownership of Five Percent or Less of a Class.
      If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐
       
    Item 6. Ownership of More than Five Percent on Behalf of Another Person.
       
      N/A.
       
    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
       
      N/A
       
       
    Item 8. Identification and Classification of Members of the Group.
       
      Due to the relationships among them, the reporting persons hereunder may be deemed to constitute a “group” with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934.  
       
    Item 9. Notice of Dissolution of Group.
       
      N/A
       
    Item 10. Certification.
       
      By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

     

     

     

     

     

    CUSIP No .   36120Q 10 1   Page 8 of 8

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

     

     

     

         

     

    Date: 5/16/2023

     

     

     

     

     

     

    Financial Opportunity Fund LLC

    By: FJ Capital Management LLC, its Managing Member

     

     

     

    By:       /s/Martin Friedman

    Name: Martin Friedman

    Title: Managing Member

     

     

     

    FJ Capital Management LLC

     

     

    By:       /s/Martin Friedman

    Name: Martin Friedman

    Title: Managing Member

     

     

     

    /s/ Martin Friedman

    MARTIN FRIEDMAN

     

     

     

     

     

     

         

     

     

     

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