Question 1

What is Freedom Bank of Virginia?

Accepted Answer

Freedom Bank of Virginia is a next-generation community bank headquartered in Fairfax, Virginia. With approximately $1.03 billion in total assets and 5 offices, the bank offers commercial banking, personal banking, and mortgage banking solutions throughout the Northern Virginia and Washington, DC metropolitan area.

Freedom Bank focuses on building lead relationships with businesses, real estate owners, and professionals. The bank concentrates on specific industry verticals to deliver unique, sector-specific solutions, combining banker expertise with innovative technology to provide entrepreneurial banking services.

Question 2

When was Freedom Bank of Virginia founded?

Accepted Answer

Freedom Bank of Virginia was founded on July 23, 2001. The bank was established to serve retail, commercial, industrial, and public-entity customers throughout the greater Washington, DC region.

From its inception, Freedom Bank has been dedicated to helping individual and business clients achieve their financial goals through experienced bankers, quick decisions, flexible solutions, and innovative technology. The bank's founding vision emphasized responsive service that positions Freedom Bank as clients' primary relationship bank, served their way.

Question 3

Where is Freedom Bank of Virginia headquartered?

Accepted Answer

Freedom Bank of Virginia is headquartered in Fairfax, Virginia. The main office is located at 10555 Main Street, Suite 600, Fairfax, VA 22030.

Fairfax is located in Fairfax City within the Northern Virginia region, part of the Washington-Arlington-Alexandria metropolitan statistical area. This location positions the bank at the heart of one of the nation's most dynamic economic regions.

Question 4

Where does Freedom Bank of Virginia operate?

Accepted Answer

Freedom Bank of Virginia operates 5 offices throughout Northern Virginia, serving the Washington, DC metropolitan statistical area. Branch and sales office locations include Fairfax, Vienna, Reston, Manassas, and Chantilly.

The bank's service area encompasses the entire Northern Virginia/DC MSA, with particular focus on business-rich corridors in Fairfax County, Loudoun County, and Prince William County. The Freedom Bank Mortgage Division is headquartered in Chantilly, while the Small Business Lending Division operates from Harrison, New York, extending the bank's reach beyond Virginia.

Question 5

What services does Freedom Bank of Virginia offer?

Accepted Answer

Freedom Bank of Virginia provides comprehensive business, personal, and mortgage banking solutions. Commercial banking services include business checking and savings accounts, commercial loans, lines of credit, and SBA loans designed for business growth and expansion.

Personal banking features include checking and savings accounts, personal loans, and digital banking platforms with online and mobile access. The bank emphasizes appointment-based banking, allowing clients to schedule consultations at their convenience.

Mortgage banking offerings through the dedicated Mortgage Division provide residential lending solutions, home purchase financing, and refinancing options. The bank maintains sector-specific expertise in serving real estate owners and property investors.

Digital services have been enhanced through a partnership with Apiture, providing a modern digital banking platform with online and mobile banking capabilities, ensuring functional and convenient banking experiences. The bank also offers merchant processing and payroll processing services for business clients.

Question 6

What makes Freedom Bank of Virginia unique?

Accepted Answer

Freedom Bank of Virginia distinguishes itself through its IDEAS values: Innovation, Discipline, Experience, Attitude, and Service. This framework emphasizes exhausting all options, taking smart risks, maintaining unwavering integrity, delivering exceptional outcomes, building relationships through teamwork, and participating actively in communities.

The bank's OneLedyard approach delivers a next-generation banking model that utilizes an optimized network of sales offices, talented banking professionals, industry-specific expertise, and innovative technology to build lead client relationships. This represents a departure from traditional branch-based banking.

Freedom Bank's commitment to community impact is demonstrated through the Freedom Bank Foundation, which supports underrepresented entrepreneurs through programs like the NOVA Freedom Fund. The Foundation has raised significant capital and partnered with organizations like the Latino Economic Development Center (LEDC) to improve access to capital for minority-owned businesses.

The bank trades on the OTCQX market under the symbol FDVA, providing transparency as a publicly-traded community bank. This combination of entrepreneurial spirit, technological innovation, and community investment creates a distinctive banking experience.

Question 7

What type of financial institution is Freedom Bank of Virginia?

Accepted Answer

Freedom Bank of Virginia is classified as a commercial bank with both state charter and community bank designation. The bank is a member of the FDIC and operates under FDIC supervision.

As a community bank, Freedom Bank focuses on relationship-based banking within defined geographic markets, maintaining local decision-making authority and market knowledge. However, the bank's modern approach incorporates technology and specialized industry expertise typically associated with larger regional banks.

The bank operates as a subsidiary of Freedom Financial Holdings (trading as FDVA on OTCQX), providing additional capital structure while maintaining its community banking mission. This structure allows Freedom Bank to combine the accessibility and responsiveness of a community bank with the resources and sophistication necessary to serve complex business clients and real estate professionals.

Question 8

What is Freedom Bank's approach to industry-specific banking?

Accepted Answer

Freedom Bank employs market executives dedicated to specific industry verticals, delivering specialized solutions tailored to sector-specific needs. This vertical approach allows the bank to develop deep expertise in industries important to the Northern Virginia economy.

The bank concentrates resources on understanding the unique challenges and opportunities within targeted industries. This specialization enables Freedom Bank to offer more relevant products, faster decisions, and more meaningful advisory services than generalist banks.

By focusing on key verticals such as real estate, professional services, and commercial enterprises, Freedom Bank positions itself as an industry expert rather than just a financial services provider, creating competitive advantages in serving sophisticated business clients.

Freedom Bank of Virginia

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About Freedom Bank of Virginia in the United States