Cardinal Financial Corporation Announces Pricing of Public Offering of

    Business Editors

    TYSONS CORNER, Va.--(BUSINESS WIRE)--May 12, 2005--Cardinal Financial Corporation (NASDAQ:CFNL) announced today the pricing of its public offering of 4,500,000 shares of common stock at a price of $8.25 per share. In addition, the Company granted the underwriters a 30-day over-allotment option to purchase up to an additional 675,000 shares, at the offering price less the underwriting discount. The Company will use proceeds from the sale of its common stock to increase its capital to support future growth and expansion and for general corporate purposes. All of the shares sold in the offering will be newly issued by the Company and represent new financing.
    The managing underwriters of the offering are Raymond James & Associates, Inc. and Legg Mason Wood Walker, Incorporated. A written prospectus relating to the offering may be obtained from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716.

    About Cardinal Financial Corporation: Cardinal Financial Corporation is a financial holding company headquartered in Tysons Corner, Virginia. On March 31, 2005, Cardinal Financial Corporation had assets of $1.28 billion. Through its wholly-owned subsidiary, Cardinal Bank, the Company serves Northern Virginia and Fredericksburg with 19 conveniently located banking offices in Alexandria, Annandale, Arlington, Clifton, Fairfax, Fairfax City, Fredericksburg, Herndon, Leesburg, Manassas, McLean, Purcellville, Reston, Stafford, Sterling, Sterling Park, Woodbridge, and two locations in Tysons Corner. Cardinal also operates two subsidiaries, a full-service investment services company, Cardinal Wealth Services, Inc., and a residential mortgage lending company, George Mason Mortgage, LLC, based in Fairfax, VA, with nine offices throughout the metropolitan Washington region. The Company's stock is traded on the Nasdaq (CFNL). For additional information please visit our Web site at www.cardinalbank.com.

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CONTACT: Cardinal Financial Corporation Bernard H. Clineburg, 703-584-3400 or Robert A. Cern, 703-584-3400

KEYWORD: VIRGINIA INDUSTRY KEYWORD: BANKING SOURCE: Cardinal Financial Corporation

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