Bank of Virginia Announces Extension of Rights Offering

(www.bankofva.com), (the Bank) today announced that it has extended its rights offering deadline to 5:00 pmEastern time on November 13, 2012 from the original expiration date of November6, 2012. The Bank decided to extend the rights offering because of the effects of Hurricane Sandy and the impediments that the storm may have caused for stockholders seeking to submit their rights offering documents in a timely manner. The Bank's majority shareholder, Cordia Bancorp Inc., previously announced its investment of $3 million inthe Bank's common stock on the same terms being offered to the Bank's minority shareholders in the rights offering. This press release shall not constitute an offer to sell or asolicitation of an offer to buy the securities, nor shall therebe any offer, solicitation or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification ofthe securities under the securities laws of such state. The rights offering will be made only by means of the offering circular dated October 12, 2012, copies of which were mailed to all stockholders of record as of September 20, 2012. Stockholders may request a copy of the offering circular by contacting the informationagent for the rights offering, Eagle Rock Proxy Advisors, LLC at 855-706-2375(toll free).