The Freedom Bank of Virginia (FDVA) 9.5000 $FDVA
Freedom Bank proposes rights offering to raise USD5m gross
M2 - Tue Aug 12, 3:48AM CDT
Freedom Bank of Virginia (OTC.QB:FDVA), a community-oriented, locally-owned bank, said today it will provide a rights offering that will include common stock and warrants to buy additional common stock, for its shareholders in the fourth quarter.
Freedom Bank Announces Rights Offering
Business Wire - Mon Aug 11, 4:02PM CDT
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) announces its intention to provide a rights offering for its shareholders, which will include common stock plus warrants to buy additional common stock. The rights offering is currently planned for the fourth quarter.
Freedom Bank Posts Record Results for First Half of 2014
Business Wire - Thu Jul 24, 3:54PM CDT
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) achieved several objectives during the first half of 2014 setting all-time highs for net income, total assets, total loans and capital. The Bank earned record net income of $828,592 for the first half of 2014. Total assets exceeded $300 million at June 30, 2014, increasing 17.95% to $300,555,167 from $254,805,078 at June 30, 2013. Loans receivable at June 30, 2014 passed the $250 million mark, increasing to $253,070,371 from $193,071,420 at June 30, 2013. The Bank's capital increased $1,437,794 since June 30, 2013, exceeding $27 million for the first time. In addition to passing these milestones, the Bank opened its third location in Reston, Virginia.
Commercial Banker Hermann X. Wendorff Joins Freedom Bank
Business Wire - Fri Jul 11, 8:13AM CDT
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) today announced the addition of Hermann X. Wendorff as Vice President, Corporate Banking Division. Mr. Wendorff will be based in the Fairfax office and joins the Bank from Robb Capital Associates, LLC, where he was a Vice President of Commercial Real Estate Finance. Prior to his joining Robb Capital, Mr. Wendorff was employed with Industrial Bank and Virginia Heritage Bank where he focused on all aspects of business development, relationship management, portfolio management, and underwriting for small-to-middle market C&I and CRE clients.
Freedom Bank Announces Stock Split
Business Wire - Thu Feb 20, 3:56PM CST
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) announces an eleven for ten stock split. The split will result in shareholders receiving one additional share of common stock for every ten shares of common stock owned. The Bank completed a fourth year of strong profits in 2013 on record loan growth. According to CEO Craig Underhill, "The Bank made significant investments in people to expand the Bank's lending capacity in 2103. We realized a return on that investment through strong loan growth that helped increase net profit. This tax free distribution of additional shares rewards our shareholders for their continued support of our Bank." The split will be effective for stockholders owning the stock on April 1, 2014.
Record Loan Growth Fuels Increasing Profits at Freedom Bank
Business Wire - Thu Jan 30, 8:13AM CST
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) reports strong financial performance for 2013. The Bank's expanded lending staff focused on growing customer relationships, providing the impetus to increase the Bank's deposits and assets. Record loan growth and improved asset quality was the catalyst for increased net profits. The Bank finished the year with a record level of capital and continues with successful implementation of its growth plan while maintaining quarter after quarter profitability.
Commercial Banker Richard Sobonya Joins Freedom Bank
Business Wire - Mon Aug 19, 1:18PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Richard M. Sobonya as Vice President, Corporate Banking Division. Mr. Sobonya will be based in the Fairfax office and joins Freedom Bank from Bank of Georgetown, where he was a Business Development Officer. Prior to Bank of Georgetown, Mr. Sobonya was employed with M&T Bank. "We are excited to have Rich onboard and look forward to his contributions to our real estate and construction efforts," stated Executive Vice President & Chief Lending Officer Kevin Curtis.
Commercial Banker Laura Powell Joins Freedom Bank
Business Wire - Wed Aug 07, 3:00PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Laura L. Powell as Senior Vice President, Corporate Banking Division. Ms. Powell will be based in the Fairfax office and joins Freedom Bank from Virginia Heritage Bank, Tysons Corner, Virginia where she was a Real Estate Loan Officer. Prior to Virginia Heritage Bank, Ms. Powell was employed with United Bank as Vice President and Branch Manager of the Bank's Fairfax City office.
Freedom Bank Announces Record First Half Profits on Strong Loan Growth
Business Wire - Fri Jul 19, 4:46PM CDT
--Loans Receivable Up 23% over Second Quarter 2012
Freedom Bank Named a Top 200 Community Bank by American Banker Magazine
Business Wire - Mon Jun 10, 1:55PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) was named one of the top 200 community banks in the United States based on average return on equity (ROE) for the past three years in the May 2013 issue. According to CEO Craig Underhill, "We are pleased to be recognized by such a prestigious magazine. We focused on profitability during the downturn to generate organic capital. We are now accelerating our growth to effectively deploy that capital. This strategy has allowed the Bank to grow rapidly without having to sell additional stock, which would dilute current shareholders." The full article can be read here.
Freedom Bank Celebrates 16th Consecutive Quarterly Profit
Business Wire - Wed Apr 24, 11:23AM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) earned a Net profit before taxes of $300,596 for the quarter ending March 31, 2013, its sixteenth consecutive quarterly profit. Net profit at March 31, 2012 was $308,772. Improving asset quality, allowed less to be put in the Provision for loan losses, which helped offset increased salary expense from hiring additional lenders versus the prior year.
Commercial Banker Stephen A. Witt Joins Freedom Bank
Business Wire - Fri Apr 05, 1:36PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Stephen A. Witt as Senior Vice President, Corporate Banking Division. Mr. Witt will be based in the Fairfax office and tasked with fostering new relationships while continuing to provide quality service to our existing clientele. "All of us are pleased that Steve joined the Bank and look forward to the contributions he will bring to our team," stated Executive Vice President & Chief Lending Officer Kevin Curtis. Mr. Witt joins Freedom Bank from Virginia Commerce Bank where he was a Senior Vice President and Product Development Manager. Prior to Virginia Commerce Bank, Mr. Witt was employed for two years with WashingtonFirst Bank as Vice President and Business Development Officer / Branch Manager of the Bank's Fairfax City office.
Commercial Banker James J. Curry Joins Freedom Bank
Business Wire - Wed Apr 03, 8:25AM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of James J. Curry as Senior Vice President, Corporate Banking Division. Mr. Curry will be based in the Fairfax office and assist in providing quality service to our existing clientele while fostering new relationships throughout the region. "We are very pleased to bring Jim on board," stated Executive Vice President & Chief Lending Officer Kevin Curtis. "He brings a wealth of knowledge and will be a great asset to our team." Mr. Curry joins Freedom Bank from Key Bank in Denver, Colorado, where he was Vice President and Senior Business Banker. Prior to his time with Key Bank, Mr. Curry spent six years with WashingtonFirst Bank as a Senior Vice President and Commercial Lender in the Bank's Reston and Great Falls offices.
Commercial Banker Vishal Gandhi Joins Freedom Bank
Business Wire - Fri Feb 08, 2:05PM CST
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Vishal M. Gandhi as Vice President, Corporate Banking Division. Mr. Gandhi will be based in the Fairfax office and assist in providing quality service to our existing clientele while fostering new relationships throughout the region. "We are very pleased to bring Vishal on board," stated President & CEO Craig S. Underhill. "He brings a wealth of knowledge in community lending and will be a great asset with medical and dental practice relationships." Mr. Gandhi joins Freedom Bank from First Citizens Bank in Arlington, Virginia, where he was Vice President, Relationship Manager.
Freedom Bank Reports Third Consecutive Year of Profitability in 2012
Business Wire - Wed Jan 30, 4:49PM CST
The Freedom Bank of Virginia (Bulletin Board:FDVA.OB): finished its third consecutive year and fifteenth consecutive profitable quarter on December 31, 2012.
Commercial Banker Robert Musseman Joins Freedom Bank
Business Wire - Wed Jan 30, 1:00PM CST
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of E. Robert Musseman, Jr. as Vice President, Corporate Banking Division. Mr. Musseman will be based in the Fairfax office and assist in providing quality service to our existing clientele while fostering new relationships throughout the region. "We are excited about having Rob join us," stated President & CEO Craig S. Underhill. "Rob has been involved in the northern Virginia business community for many years and brings us a large network of prospective clients and referral sources." Mr. Musseman joins Freedom Bank from PNC Bank, where he was Vice President, Relationship Manager.
Freedom Bank proposes rights offering to raise USD5m gross
M2 - Tue Aug 12, 3:48AM CDT
Freedom Bank of Virginia (OTC.QB:FDVA), a community-oriented, locally-owned bank, said today it will provide a rights offering that will include common stock and warrants to buy additional common stock, for its shareholders in the fourth quarter.
Freedom Bank Announces Rights Offering
Business Wire - Mon Aug 11, 4:02PM CDT
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) announces its intention to provide a rights offering for its shareholders, which will include common stock plus warrants to buy additional common stock. The rights offering is currently planned for the fourth quarter.
Freedom Bank Posts Record Results for First Half of 2014
Business Wire - Thu Jul 24, 3:54PM CDT
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) achieved several objectives during the first half of 2014 setting all-time highs for net income, total assets, total loans and capital. The Bank earned record net income of $828,592 for the first half of 2014. Total assets exceeded $300 million at June 30, 2014, increasing 17.95% to $300,555,167 from $254,805,078 at June 30, 2013. Loans receivable at June 30, 2014 passed the $250 million mark, increasing to $253,070,371 from $193,071,420 at June 30, 2013. The Bank's capital increased $1,437,794 since June 30, 2013, exceeding $27 million for the first time. In addition to passing these milestones, the Bank opened its third location in Reston, Virginia.
Commercial Banker Hermann X. Wendorff Joins Freedom Bank
Business Wire - Fri Jul 11, 8:13AM CDT
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) today announced the addition of Hermann X. Wendorff as Vice President, Corporate Banking Division. Mr. Wendorff will be based in the Fairfax office and joins the Bank from Robb Capital Associates, LLC, where he was a Vice President of Commercial Real Estate Finance. Prior to his joining Robb Capital, Mr. Wendorff was employed with Industrial Bank and Virginia Heritage Bank where he focused on all aspects of business development, relationship management, portfolio management, and underwriting for small-to-middle market C&I and CRE clients.
Freedom Bank Announces Stock Split
Business Wire - Thu Feb 20, 3:56PM CST
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) announces an eleven for ten stock split. The split will result in shareholders receiving one additional share of common stock for every ten shares of common stock owned. The Bank completed a fourth year of strong profits in 2013 on record loan growth. According to CEO Craig Underhill, "The Bank made significant investments in people to expand the Bank's lending capacity in 2103. We realized a return on that investment through strong loan growth that helped increase net profit. This tax free distribution of additional shares rewards our shareholders for their continued support of our Bank." The split will be effective for stockholders owning the stock on April 1, 2014.
Record Loan Growth Fuels Increasing Profits at Freedom Bank
Business Wire - Thu Jan 30, 8:13AM CST
Freedom Bank of Virginia (Bank) (OTC.QB:FDVA) reports strong financial performance for 2013. The Bank's expanded lending staff focused on growing customer relationships, providing the impetus to increase the Bank's deposits and assets. Record loan growth and improved asset quality was the catalyst for increased net profits. The Bank finished the year with a record level of capital and continues with successful implementation of its growth plan while maintaining quarter after quarter profitability.
Commercial Banker Richard Sobonya Joins Freedom Bank
Business Wire - Mon Aug 19, 1:18PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Richard M. Sobonya as Vice President, Corporate Banking Division. Mr. Sobonya will be based in the Fairfax office and joins Freedom Bank from Bank of Georgetown, where he was a Business Development Officer. Prior to Bank of Georgetown, Mr. Sobonya was employed with M&T Bank. "We are excited to have Rich onboard and look forward to his contributions to our real estate and construction efforts," stated Executive Vice President & Chief Lending Officer Kevin Curtis.
Commercial Banker Laura Powell Joins Freedom Bank
Business Wire - Wed Aug 07, 3:00PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Laura L. Powell as Senior Vice President, Corporate Banking Division. Ms. Powell will be based in the Fairfax office and joins Freedom Bank from Virginia Heritage Bank, Tysons Corner, Virginia where she was a Real Estate Loan Officer. Prior to Virginia Heritage Bank, Ms. Powell was employed with United Bank as Vice President and Branch Manager of the Bank's Fairfax City office.
Freedom Bank Announces Record First Half Profits on Strong Loan Growth
Business Wire - Fri Jul 19, 4:46PM CDT
--Loans Receivable Up 23% over Second Quarter 2012
Freedom Bank Named a Top 200 Community Bank by American Banker Magazine
Business Wire - Mon Jun 10, 1:55PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) was named one of the top 200 community banks in the United States based on average return on equity (ROE) for the past three years in the May 2013 issue. According to CEO Craig Underhill, "We are pleased to be recognized by such a prestigious magazine. We focused on profitability during the downturn to generate organic capital. We are now accelerating our growth to effectively deploy that capital. This strategy has allowed the Bank to grow rapidly without having to sell additional stock, which would dilute current shareholders." The full article can be read here.
Freedom Bank Celebrates 16th Consecutive Quarterly Profit
Business Wire - Wed Apr 24, 11:23AM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) earned a Net profit before taxes of $300,596 for the quarter ending March 31, 2013, its sixteenth consecutive quarterly profit. Net profit at March 31, 2012 was $308,772. Improving asset quality, allowed less to be put in the Provision for loan losses, which helped offset increased salary expense from hiring additional lenders versus the prior year.
Commercial Banker Stephen A. Witt Joins Freedom Bank
Business Wire - Fri Apr 05, 1:36PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Stephen A. Witt as Senior Vice President, Corporate Banking Division. Mr. Witt will be based in the Fairfax office and tasked with fostering new relationships while continuing to provide quality service to our existing clientele. "All of us are pleased that Steve joined the Bank and look forward to the contributions he will bring to our team," stated Executive Vice President & Chief Lending Officer Kevin Curtis. Mr. Witt joins Freedom Bank from Virginia Commerce Bank where he was a Senior Vice President and Product Development Manager. Prior to Virginia Commerce Bank, Mr. Witt was employed for two years with WashingtonFirst Bank as Vice President and Business Development Officer / Branch Manager of the Bank's Fairfax City office.
Commercial Banker James J. Curry Joins Freedom Bank
Business Wire - Wed Apr 03, 8:25AM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of James J. Curry as Senior Vice President, Corporate Banking Division. Mr. Curry will be based in the Fairfax office and assist in providing quality service to our existing clientele while fostering new relationships throughout the region. "We are very pleased to bring Jim on board," stated Executive Vice President & Chief Lending Officer Kevin Curtis. "He brings a wealth of knowledge and will be a great asset to our team." Mr. Curry joins Freedom Bank from Key Bank in Denver, Colorado, where he was Vice President and Senior Business Banker. Prior to his time with Key Bank, Mr. Curry spent six years with WashingtonFirst Bank as a Senior Vice President and Commercial Lender in the Bank's Reston and Great Falls offices.
Commercial Banker Vishal Gandhi Joins Freedom Bank
Business Wire - Fri Feb 08, 2:05PM CST
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Vishal M. Gandhi as Vice President, Corporate Banking Division. Mr. Gandhi will be based in the Fairfax office and assist in providing quality service to our existing clientele while fostering new relationships throughout the region. "We are very pleased to bring Vishal on board," stated President & CEO Craig S. Underhill. "He brings a wealth of knowledge in community lending and will be a great asset with medical and dental practice relationships." Mr. Gandhi joins Freedom Bank from First Citizens Bank in Arlington, Virginia, where he was Vice President, Relationship Manager.
Freedom Bank Reports Third Consecutive Year of Profitability in 2012
Business Wire - Wed Jan 30, 4:49PM CST
The Freedom Bank of Virginia (Bulletin Board:FDVA.OB): finished its third consecutive year and fifteenth consecutive profitable quarter on December 31, 2012.
Commercial Banker Robert Musseman Joins Freedom Bank
Business Wire - Wed Jan 30, 1:00PM CST
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of E. Robert Musseman, Jr. as Vice President, Corporate Banking Division. Mr. Musseman will be based in the Fairfax office and assist in providing quality service to our existing clientele while fostering new relationships throughout the region. "We are excited about having Rob join us," stated President & CEO Craig S. Underhill. "Rob has been involved in the northern Virginia business community for many years and brings us a large network of prospective clients and referral sources." Mr. Musseman joins Freedom Bank from PNC Bank, where he was Vice President, Relationship Manager.
