The Freedom Bank of Virginia (FDVA) 8.4000 $FDVA
Freedom Bank Included in New OTCQX Bank Index
Business Wire - Tue Jan 27, 12:10PM CST
The Freedom Bank of Virginia (OTCQX: FDVA) was selected for inclusion in the OTCQX Bank Index. The index is a benchmark for tracking the performance of publicly traded U.S. community and regional banks or their holding companies that trade on the OTCQX marketplace.
Freedom Bank's Net Income Increases 16.7% on Record Asset Growth
Business Wire - Wed Jan 21, 3:40PM CST
The Freedom Bank of Virginia (OTCQX: FDVA) earned net income of $1,600,397 for the year ending December 31, 2014, a 16.7% increase over the $1,371,772 net profit at December 31, 2013. Total assets were $342,611,644 at December 31, 2014, up 24.9% from $274,202,059 the prior year. CEO Underhill indicated, "Profitability is increasing based on strong loan growth. Our investment in lenders the past two years is showing results. Our Chief Lending Officer Kevin Curtis and his team had a strong 2013 and surpassed those impressive results in 2014." Chairman Litman noted, "The board is very pleased with the increasing commercial loan volume of the bank. In December 2014 the bank hired Richard Hutchison, who ran Virginia Heritage Mortgage prior to its sale, to try to generate a similar increase in mortgage lending in 2015. Kevin and Richard have known each other for many years and we believe they will work well together providing Freedom Bank with exceptionally strong lending leadership."
Freedom Bank Announces Details of $3 Million Rights Offering
Business Wire - Thu Dec 18, 3:50PM CST
Freedom Bank of Virginia (Bank) (OTCQB:FDVA) announces the Board of Directors has approved details of $3 million stock rights offering. The rights offering follows the $1.5 million before expenses raised from new shareholders in a general offering. This rights offering will be units containing five (5) shares of common stock and one (1) warrant to purchase a share of common stock for up to two years in the future. The pricing for the stock is $9.00 per share and the warrant will allow the purchase of an additional share at $9.00 for up to two (2) years into the future. It will begin December 22, 2014 for shareholders of record as of December 12, 2014. It will end January 30, 2015. All shareholders of record as of December 12, 2014 will be eligible to participate in this rights offering. The proceeds will continue funding organic growth, allow further branching, increase the lending staff, expand the bank's mortgage division and possible merger and acquisition activity. Any shares not purchased by right by shareholders will become available to the other shareholders in the offering.
Freedom Bank names Richard A Hutchison as SVP and chief mortgage officer
M2 - Thu Dec 11, 6:22AM CST
The Freedom Bank of Virginia (OTCQX:FDVA), a community-oriented, locally-owned bank, on Thursday named Richard A Hutchison as senior vice president (SVP) and chief mortgage officer and a member of the bank's senior management team.
Richard A. Hutchison Joins Freedom Bank
Business Wire - Wed Dec 10, 3:56PM CST
The Freedom Bank of Virginia (Bank) (OTCQX: FDVA) announces Richard A. Hutchison joins Freedom Bank of Virginia as Senior Vice President and Chief Mortgage Officer and member of the bank's senior management team. Hutchison was previously with Virginia Heritage Bank as a Senior Executive Officer and the Chief Mortgage Officer responsible for all mortgage loan production and first trust mortgage origination. Virginia Heritage Bank merged with Eagle Bank Corp in October of 2014. Prior to Virginia Heritage Bank, Hutchison was a Senior Executive Officer with Community Bank of Northern Virginia, which was sold to Mercantile and PNC. Hutchison joins Jamie K. Adkins, previously the Senior Mortgage Operations Officer of Virginia Heritage Bank, who is now the Senior Mortgage Operations Officer of Freedom Bank. Hutchison and Adkins built a very successful platform at Virginia Heritage Bank leveraging technology to ensure delivery of mortgage products to their clients and Loan Officers. Hutchison stated, "I am confident that we can bring that same platform to Freedom Bank."
Freedom Bank announces extension of its public offering of USD4m common stock
M2 - Thu Nov 27, 7:22AM CST
The Freedom Bank of Virginia (OTCQX:FDVA), a community-oriented, locally-owned bank, disclosed on Wednesday that it is extending the closure of its public offering of USD4m common stock until 12 December 2014.
Freedom Bank Extends Public Common Stock Offering
Business Wire - Wed Nov 26, 9:44AM CST
The Freedom Bank of Virginia (Bank) (OTCQX: FDVA) is extending the close of its $4 million public common stock offering until December 12, 2014.
Freedom Bank Announces $4 Million Common Stock Offering to Fuel Growth
Business Wire - Mon Nov 03, 5:07PM CST
The Freedom Bank of Virginia (Bank) (OTCQX: FDVA) announces that following the bank's record performance during the first half of 2014 in terms of assets, loans, and net income, the Board of Directors of The Freedom Bank of Virginia approved a $4 million stock offering. The offering will open to the public on November 3, 2014 and will close out at the earlier of being fully subscribed or November 28, 2014. The offering may be increased to $4.8 million or extended at the discretion of the Board.
Freedom Bank Continues Strong 2014 Performance
Business Wire - Tue Oct 28, 5:12PM CDT
The Freedom Bank of Virginia (OTCQX: FDVA) showed strong performance in terms of profits, asset growth and capital generation through September 30, 2014.
Freedom Bank of Virginia commences common stock trading on OTCQX
M2 - Tue Sep 23, 5:51AM CDT
The Freedom Bank of Virginia (OTCQX:FDVA), a community-oriented, locally-owned bank, stated on Tuesday that its common stock began trading on OTCQX under the same ticker symbol FDVA, as of 18 September 2014.
Freedom Bank of Virginia Begins Trading on OTCQX
Business Wire - Mon Sep 22, 3:40PM CDT
The Freedom Bank of Virginia (OTCQX:FDVA) announced that effective September 18, 2014 its common stock began trading on OTCQX. The Bank's symbol will continue to be FDVA. The OTCQX is the most sophisticated market operated by OTC Markets Group, Inc.
OTC Markets Group Welcomes Freedom Bank of Virginia to OTCQX®
PR Newswire - Thu Sep 18, 6:00AM CDT
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Freedom Bank of Virginia (Fairfax) (OTCQX: FDVA), a community bank serving Northern Virginia, has qualified to trade on OTCQX®, the best marketplace.
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 Included in New OTCQX Bank Index
Business Wire - Tue Jan 27, 12:10PM CST
The Freedom Bank of Virginia (OTCQX: FDVA) was selected for inclusion in the OTCQX Bank Index. The index is a benchmark for tracking the performance of publicly traded U.S. community and regional banks or their holding companies that trade on the OTCQX marketplace.
Freedom Bank's Net Income Increases 16.7% on Record Asset Growth
Business Wire - Wed Jan 21, 3:40PM CST
The Freedom Bank of Virginia (OTCQX: FDVA) earned net income of $1,600,397 for the year ending December 31, 2014, a 16.7% increase over the $1,371,772 net profit at December 31, 2013. Total assets were $342,611,644 at December 31, 2014, up 24.9% from $274,202,059 the prior year. CEO Underhill indicated, "Profitability is increasing based on strong loan growth. Our investment in lenders the past two years is showing results. Our Chief Lending Officer Kevin Curtis and his team had a strong 2013 and surpassed those impressive results in 2014." Chairman Litman noted, "The board is very pleased with the increasing commercial loan volume of the bank. In December 2014 the bank hired Richard Hutchison, who ran Virginia Heritage Mortgage prior to its sale, to try to generate a similar increase in mortgage lending in 2015. Kevin and Richard have known each other for many years and we believe they will work well together providing Freedom Bank with exceptionally strong lending leadership."
Freedom Bank Announces Details of $3 Million Rights Offering
Business Wire - Thu Dec 18, 3:50PM CST
Freedom Bank of Virginia (Bank) (OTCQB:FDVA) announces the Board of Directors has approved details of $3 million stock rights offering. The rights offering follows the $1.5 million before expenses raised from new shareholders in a general offering. This rights offering will be units containing five (5) shares of common stock and one (1) warrant to purchase a share of common stock for up to two years in the future. The pricing for the stock is $9.00 per share and the warrant will allow the purchase of an additional share at $9.00 for up to two (2) years into the future. It will begin December 22, 2014 for shareholders of record as of December 12, 2014. It will end January 30, 2015. All shareholders of record as of December 12, 2014 will be eligible to participate in this rights offering. The proceeds will continue funding organic growth, allow further branching, increase the lending staff, expand the bank's mortgage division and possible merger and acquisition activity. Any shares not purchased by right by shareholders will become available to the other shareholders in the offering.
Freedom Bank names Richard A Hutchison as SVP and chief mortgage officer
M2 - Thu Dec 11, 6:22AM CST
The Freedom Bank of Virginia (OTCQX:FDVA), a community-oriented, locally-owned bank, on Thursday named Richard A Hutchison as senior vice president (SVP) and chief mortgage officer and a member of the bank's senior management team.
Richard A. Hutchison Joins Freedom Bank
Business Wire - Wed Dec 10, 3:56PM CST
The Freedom Bank of Virginia (Bank) (OTCQX: FDVA) announces Richard A. Hutchison joins Freedom Bank of Virginia as Senior Vice President and Chief Mortgage Officer and member of the bank's senior management team. Hutchison was previously with Virginia Heritage Bank as a Senior Executive Officer and the Chief Mortgage Officer responsible for all mortgage loan production and first trust mortgage origination. Virginia Heritage Bank merged with Eagle Bank Corp in October of 2014. Prior to Virginia Heritage Bank, Hutchison was a Senior Executive Officer with Community Bank of Northern Virginia, which was sold to Mercantile and PNC. Hutchison joins Jamie K. Adkins, previously the Senior Mortgage Operations Officer of Virginia Heritage Bank, who is now the Senior Mortgage Operations Officer of Freedom Bank. Hutchison and Adkins built a very successful platform at Virginia Heritage Bank leveraging technology to ensure delivery of mortgage products to their clients and Loan Officers. Hutchison stated, "I am confident that we can bring that same platform to Freedom Bank."
Freedom Bank announces extension of its public offering of USD4m common stock
M2 - Thu Nov 27, 7:22AM CST
The Freedom Bank of Virginia (OTCQX:FDVA), a community-oriented, locally-owned bank, disclosed on Wednesday that it is extending the closure of its public offering of USD4m common stock until 12 December 2014.
Freedom Bank Extends Public Common Stock Offering
Business Wire - Wed Nov 26, 9:44AM CST
The Freedom Bank of Virginia (Bank) (OTCQX: FDVA) is extending the close of its $4 million public common stock offering until December 12, 2014.
Freedom Bank Announces $4 Million Common Stock Offering to Fuel Growth
Business Wire - Mon Nov 03, 5:07PM CST
The Freedom Bank of Virginia (Bank) (OTCQX: FDVA) announces that following the bank's record performance during the first half of 2014 in terms of assets, loans, and net income, the Board of Directors of The Freedom Bank of Virginia approved a $4 million stock offering. The offering will open to the public on November 3, 2014 and will close out at the earlier of being fully subscribed or November 28, 2014. The offering may be increased to $4.8 million or extended at the discretion of the Board.
Freedom Bank Continues Strong 2014 Performance
Business Wire - Tue Oct 28, 5:12PM CDT
The Freedom Bank of Virginia (OTCQX: FDVA) showed strong performance in terms of profits, asset growth and capital generation through September 30, 2014.
Freedom Bank of Virginia commences common stock trading on OTCQX
M2 - Tue Sep 23, 5:51AM CDT
The Freedom Bank of Virginia (OTCQX:FDVA), a community-oriented, locally-owned bank, stated on Tuesday that its common stock began trading on OTCQX under the same ticker symbol FDVA, as of 18 September 2014.
Freedom Bank of Virginia Begins Trading on OTCQX
Business Wire - Mon Sep 22, 3:40PM CDT
The Freedom Bank of Virginia (OTCQX:FDVA) announced that effective September 18, 2014 its common stock began trading on OTCQX. The Bank's symbol will continue to be FDVA. The OTCQX is the most sophisticated market operated by OTC Markets Group, Inc.
OTC Markets Group Welcomes Freedom Bank of Virginia to OTCQX®
PR Newswire - Thu Sep 18, 6:00AM CDT
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Freedom Bank of Virginia (Fairfax) (OTCQX: FDVA), a community bank serving Northern Virginia, has qualified to trade on OTCQX®, the best marketplace.
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.
