The Freedom Bank of Virginia Announces Addition of New Directors - Seite 2

“I am thrilled and honored to be working with these three incredibly talented leaders as a part of our revitalized and engaged Board of Directors to achieve the new vision for Freedom Bank,” said Joseph J. Thomas, Freedom Bank President and CEO. “Their skill sets and experience will assist the bank and our executives in forging lead relationships with businesses, real estate owners, and professionals across the Northern Virginia/Washington DC MSA, building new industry verticals to deliver unique sector-specific solutions to clients, and utilizing innovative technology to meet the banking needs of our customers in the way they wish to be served,” Thomas added.

About Freedom Bank

Freedom Bank is a community-oriented bank headquartered in Fairfax, Virginia with total assets of $478 million and total deposits of $395 million at March 31, 2019. The bank has locations in Fairfax, Vienna, Reston, and Chantilly and a mortgage division headquartered in Chantilly. The bank’s stock trades on the OTCQX market as FDVA. For information about Freedom Bank’s deposit and loan services, visit the Bank’s website at www.freedombankva.com.

Forward-Looking Statements

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our quarterly and annual reports filed with the Federal Financial Institutions Examination Council. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190429005189/en/