Community Bank of Northern Virginia Expands with a 14th Location at Bu

Community Bank of Northern Virginia Expands with a 14th Location at Bull Run Plaza - Manassas, Virginia

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    STERLING, Va.--(BUSINESS WIRE)--Feb. 4, 2005--Community Bank of Northern Virginia (Nasdaq:CBNV) is pleased to announce the opening of its fourteenth branch location. The branch is located in the Bull Run Plaza at 11670 Sudley Manor Drive, Manassas, Virginia, marking Community Bank's first location in Prince William County.
    Prince William County, located just 35 miles southwest of Washington, DC, offers a dynamic environment for business and is home to approximately 346,000 residents. As of December 2004, there were an estimated 120,565 housing units in Prince William County, which reflects growth of 22,513 units since April 2000. These statistics are certainly positive in relation to Community Bank's expansion and growth strategy.
    Mr. Arlon Morales is the Branch Manager of the Manassas Branch. He brings with him six years in banking experience most recently as the Assistant Branch Manager of Community Bank's Tysons Branch.
    David P. Summers, President and Chief Executive Officer, stated, "This is an exciting time for Community Bank with its first location in Prince William County. A Manassas location compliments the Bank's Northern Virginia footprint and gives us a presence in the rapidly expanding Prince William County market."
    Community Bank of Northern Virginia (http://www.cbnv.com/) began banking activities in 1992 upon receiving its charter from the Virginia State Corporation Commission through the acquisition of assets and liabilities of an existing bank. Community Bank of Northern Virginia is a full-service banking institution with total assets of $879.9 million as of December 31, 2004. Currently, the Bank operates fourteen retail banking offices in Northern Virginia and sixteen automated teller machines. The primary services offered by its 134 full-time equivalent staff include retail, mortgage, commercial and home banking.

    This press release contains certain forward-looking statements with respect to the plans, objectives, future performance and business of Community Bank of Northern Virginia. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressure in the banking industry increase significantly; (2) changes in the interest rate environment reduce margins or favorable changes in interest rates do not occur; (3) general economic conditions either nationally or regionally are less favorable than expected, resulting in, among other things, a deterioration in credit quality; (4) changes occur in the regulatory environment; (5) changes occur in business conditions; (6) changes occur in the securities markets; (7) the Bank's loan loss reserve to address credit quality concerns may be inadequate, and additional reserves are necessary; (8) strategies to enhance earnings and/or shareholder value are not implemented or fail to have the effects anticipated; (9) recent bank merger activity may not result in the Bank's realizing its goals of increased market share and additional branch expansion; and (10) litigation relating to the Bank's second mortgage lending does not have the effects anticipated and liabilities resulting from the litigation are greater than expected.

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CONTACT: Community Bank of Northern Virginia David P. Summers, 703-762-7370 Fax: 703-356-7672 dsummers@cbnv.com or B. Lisa Benjamin, 703-762-7385 Fax: 703-356-7672 lbenjamin@cbnv.com

KEYWORD: VIRGINIA INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES PHOTO PHOTOWIRE SOURCE: Community Bank of Northern Virginia PHOTO: 38873

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