Freedom Bank names three new mortgage loan officers to team
M2 - Wed Jul 01, 6:57AM CDT
The Freedom Bank of Virginia (OTCQX:FDVA) revealed on Wednesday that Kevin Dennis, Steven Mitchell and Ellen Findley have been appointed as mortgage loan officers.
Dennis-Mitchell-Findley Join Freedom Bank Mortgage
Business Wire - Tue Jun 30, 2:39PM CDT
The Freedom Bank of Virginia (OTCQX: FDVA) announces Kevin Dennis and Steven Mitchell join Freedom Bank of Virginia as Mortgage Loan Officers. Kevin has over 13 years of experience in the field of mortgage banking and was previously with Presidential Bank. Prior to Presidential he was part of VHB Mortgage, a division of Virginia Heritage Bank. Steve Mitchell has been a mortgage originator for 4 years and was previously with First Home Mortgage Corp. Prior to First Home, he was also with VHB Mortgage, a division of Virginia Heritage Bank.
The Freedom Bank of Virginia Investor Presentation Now Available for On-Demand Viewing
PR Newswire - Mon Jun 08, 2:50PM CDT
Company invites individual and institutional investors to log-on to OTC Markets' event at VirtualInvestorConferences.com
Freedom Bank of Virginia (FDVA: OTCQX) to Webcast Live at VirtualInvestorConferences.com on Thursday, June 4
CNW Group - Mon Jun 01, 1:06PM CDT
Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual roadshow
OTC Markets Group to Host Virtual Investor Conferences for OTCQX Companies
CNW Group - Tue May 26, 7:00AM CDT
The first event on June 4 will feature live webcast presentations by OTCQX-traded community banks as they showcase their stories to investors
Freedom Bank of Virginia Named to 2015 OTCQX Best 50
Business Wire - Mon May 18, 3:45PM CDT
The Freedom Bank of Virginia (OTCQX: FDVA) is pleased to announce it has been named to the 2015 OTCQX(R) Best 50, a ranking of 50 top performing companies traded on the OTCQX Best Marketplace last year.
Freedom Bank's Assets Exceed $350 Million
Business Wire - Fri Apr 24, 3:04PM CDT
The Freedom Bank of Virginia (OTCQX: FDVA) increased loans $48,017,799 (19.62%) fueling strong asset growth over the same period the prior year. Investment securities increased by $6,546,018 (28.1%) comprising the remaining rise in assets.
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.