공고 • Jun 23
Freedom Financial Holdings, Inc. Announces Appointment of Purnachandra Dokku to Board of Directors Freedom Financial Holdings, Inc. announced the appointment of Purnachandra "Purna" Dokku to its Board of Directors. Mr. Dokku brings extensive experience in entrepreneurship, technology, cybersecurity, and real estate investment, further enhancing the Board's expertise and strategic focus on these key sectors. Mr. Dokku is an entrepreneur with a proven track record of founding and leading Information Technology companies in the Washington, D.C. area. He currently serves as President and CEO of Pioneer Corporate Services, Inc., in Ashburn, VA, a recognized leader in cybersecurity providing AI-driven solutions to defense and intelligence clients. In addition to his work in technology, Mr. Dokku is the founder of DSP Real Estate Capital, focusing on value-add multifamily acquisitions in the Southeastern United States. DSP manages over $300 million in assets, including ownership of more than 1,500 multifamily units. Mr. Dokku actively contributes to his community. He serves as a Board Member of Ashbrook Commercial Office Condos and as a Director of the Sri Venkateswara Lotus Temple in Fairfax, Virginia. 공고 • May 03
Freedom Financial Holdings Reports Charge Offs for the First Quarter Ended March 31, 2026 Freedom Financial Holdings reported charge offs for the first quarter ended March 31, 2026. For the period, the company recognized the $6.2 million in charge-offs mostly related to the large loan that had been provisioned for in the prior quarter. No additional expense was recognized in relation to this credit in First Quarter and this charge-off was met with the commensurate amelioration in our allowance for credit losses. 공고 • Apr 30
Freedom Financial Holdings, Inc. Reports Net Charge Off for the First Quarter of 2025 Freedom Financial Holdings, Inc. reported net charge off for the first quarter of 2025. For the year,the company reported Net charge offs were 0.03% of average loans compared to 0.26% in the prior quarter. 공고 • Feb 19
Freedom Bank Forms Advisory Board to Enhance Strategic Growth and Community Impact The Freedom Bank of Virginia announced it formed a new Advisory Board designed to provide strategic guidance, expert advice, and support to the bank's leadership team. This initiative will enhance the bank's ability to drive innovation, foster stronger community relationships, and promote sustainable business growth. The Advisory Committee will focus on three key areas: offering strategic guidance on market trends and initiatives, strengthening ties with local communities and stakeholders, and promoting client development through increased visibility and outreach. The newly formed Advisory Board is comprised of Scott Cosby, President of Agiliko; Charlie Einsmann, Principal of Clear Sky Financial; Mitchell Lahr, President & CEO of Carey International, Inc.; Joe Meyer, Executive Director & CEO of Shelter House; Nag Nelluri, Chief Executive Officer of DATAMAXIS; Jeffery Payne, Chief Executive Officer of Coveros, Inc.; Damon Smith, Chief Executive Officer of BigEye Direct, Inc. and Mark Ingrao, President, Aspen Strategies, LLC. These individuals offer diverse expertise and experience and have strong ties to the local community, an understanding of the regional economy, and a focus on growth and operational excellence. 공고 • Jun 26
The Freedom Bank of Virginia Appoints Rob Dyson as Senior Vice President The Freedom Bank of Virginia announced that Rob Dyson has been appointed as senior vice president (SVP) and Government Contracting and Information Technology Industry practice leader. In his new role, Dyson will assist in driving business growth and providing government contracting and other information technology clients with advice, customised lending solutions, and treasury services. Dyson was most recently senior vice president and market credit executive at Capital One. In this role, he leveraged credit and capital structure expertise as the in-market client facing credit expert for clients, client teams and prospects. He led a team of portfolio analysts to manage the Northern Virginia/DC/Maryland credit portfolios. Before Capital One, Dyson was senior vice president and senior credit product officer/market credit officer at Bank of America/Merrill Lynch. 공고 • Jan 29
The Freedom Bank of Virginia Appoints Marc A. Tohir as Executive Vice President and Head of Commercial Banking The Freedom Bank of Virginia (Freedom Bank) announced that it has hired Marc A. Tohir as Executive Vice President and Head of Commercial Banking. In his role as Head of Commercial Banking, Marc will organize and execute growth strategies for the Bank's commercial banking segment across the greater DC Region and dedicated industry groups. Marc has extensive banking experience and was most recently Senior Vice President and Group Manager at PNC Bank managing the Northern Virginia area. In that role he managed the Northern Virginia team of commercial relationship managers serving clients and prospects with revenue between 5 to 100 million and was responsible for team sales, new business, cross selling and risk management. Prior to that, he was Vice President and Relationship Manager at Truist (SunTrust) Bank where he focused on business development, relationship management, sales and risk management. Marc received his Bachelor of Arts in Social and Behavioral Sciences with an emphasis on Economics from Johns Hopkins University. 공고 • Jan 18
Freedom Bank Appoints David Sanders as Chief Accounting Officer The Freedom Bank of Virginia announced that it has hired David Sanders as Chief Accounting Officer. In his role as Chief Accounting Officer, David will have oversight of the accounting department and will work with the finance team to ensure that each line of business has financial metrics and business intelligence to effectively execute on the Bank's strategy. David brings extensive finance experience and is a licensed CPA. He was most recently employed by National Cooperative Bank, where he was Senior Vice President, Controller and Data Governance Officer. At National Cooperative Bank he was responsible for overseeing accounting, finance and financial strategy, internal controls and regulatory reporting, financial and management reporting, budgets, and forecasts. David earned his MBA from the ABA Stonier Graduate School of Banking and a Master of Science in Accounting from the George Washington University and a Bachelor of Science in Accounting from the University of Maryland. 공고 • Dec 07
The Freedom Bank of Virginia Receives Regulatory Approval to Relocate Its Chantilly Branch The Freedom Bank of Virginia announced that it received regulatory approval from the Federal Reserve Bank of Richmond and Bureau of Financial Institutions – State Corporation Commission to relocate its current branch at 4500 Daly Drive, Suite 240, Chantilly, Virginia to establish a new branch at 4090 Lafayette Center Drive, Suite B in Chantilly. In connection with this, the Freedom Bank Mortgage Division located at 4211 Pleasant Valley Road, Chantilly will also move to this new location when it opens on Tuesday, January 3, 2023. This conveniently located office will give the Bank and the Mortgage Division improved space and access to better serve clients with ample parking and easy access off Route 50 and Pleasant Valley Road. 공고 • Apr 27
Freedom Bank Hires Dave Dockendorff as Senior Vice President and Market President for Loudoun County The Freedom Bank of Virginia announced that it has hired Dave Dockendorff as Senior Vice president and Market President for Loudoun County responsible for building lead relationships with commercial businesses, professional services firms, and non-profits/associations in this key market and leading a dedicated banking team in delivering relevant advice, products, and services to the bank's clients. Mr. Dockendorff was most recently Team Leader, SVP at M&T Bank in their business banking division. 공고 • Jan 30
Freedom Financial Holdings, Inc. (OTCPK:FDVA) announces an Equity Buyback for 250,000 shares, representing 3.79% of its issued share capital. Freedom Financial Holdings, Inc. (OTCPK:FDVA) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 common shares, representing 3.79% of its share capital. The funding for this stock repurchase will come from cash currently at the holding company sourced from the $20 million subordinated debt issue in the fourth quarter of 2021 and, as necessary, an upstream dividend from the bank. As of December 31, 2021, the company had 6,589,757 shares outstanding. 공고 • Nov 24
Freedom Financial Holdings, Inc. announced that it has received $20 million in funding Freedom Financial Holdings, Inc. announced that it has completed a private placement of 3.5% fixed-to-floating rate subordinated notes due 2031 for the gross proceeds of $20,000,000 on November 22, 2021. The notes have been structured to qualify as Tier 2 capital for regulatory capital purposes. The notes are unsecured and have a ten-year term, maturing December 1, 2031, and will bear interest at a fixed annual rate of 3.5%, a spread of 194 basis points over the 10-year Treasury as of November 10, 2021 payable semi-annually in arrears, for the first five years of the term. 공고 • Sep 10
Freedom Bank Launches New Business Valuation Loan Product in Exclusive Partnership with Fintech The Freedom Bank of Virginia announced that it will be launching a new Business Valuation Loan product to commercial clients in the Washington DC region utilizing BizEquity's valuation platform. Businesses and entrepreneurs can also now turn to Freedom for a no-cost business valuation that will include industry benchmark KPIs in critical areas of performance which will help maximize growth. Businesses can utilize this information to make informed decisions on strategic alternatives, including expanding into new segments, entertaining new investors or exiting the business to a strategic buyer. 공고 • Jan 05
The Freedom Bank of Virginia Announces Management Appointments The Freedom Bank of Virginia announced that it has hired Kevin Ferryman as Senior Vice President & Head of SBA Division and a team of his former colleagues responsible for building a new SBA business for the bank. Mr. Ferryman will serve as a member of the Freedom Bank senior management team focused on establishing the bank's SBA Division's goals relating to independent origination, underwriting, closing, sale and servicing of SBA loans. He will work in collaboration with the commercial and community banking groups to ensure strong cross-sale and success of all deposit and treasury products. Additionally, Mr. Ferryman will grow the Division through active participation and fostering strong ties to SBA industry trade organizations and community groups and utilize those connections to build the bank's brand among business owners and brokers. Joining Mr. Ferryman in the SBA Division are Kerry Borosh, Vice President & Business Development Officer; Dhruva Patel, Vice President & Underwriter; Dawn Giorgi-Nethercott, Assistant Vice President & Loan Closer; and Lakisha Grant, Loan Closer. Freedom's new SBA Lending team has a demonstrated track record together of meeting
the needs of small businesses customers and originating new clients to growth fee-based revenue through sale of
government guaranteed portion of SBA loans and interest and servicing income from an SBA unguaranteed loan
portfolio.
Mr. Ferryman was most recently Senior Vice President and Director of SBA Lending at Patriot Bank in Connecticut
where he built a successful SBA program.