Freedom Bank Mortgage Makes Key Hires

The Freedom Bank of Virginia (OTCQX:FDVA) continues to expand and grow the bank’s mortgage division. Thomas Patton has joined Freedom Bank as an Assistant Vice President and Senior Underwriter. Patton joins his old partners Richard Hutchison and Jamie Adkins of Virginia Heritage Bank where this team was instrumental in developing the mortgage platform and mortgage division. Patton has been in the mortgage industry for over 40 years and is a graduated of the University of Virginia. In addition to Patton Freedom has employed Ms. Mattie Little as a mortgage loan processor to provide underwriting and loan officer support. Both Mr. Patton and Ms. Little were previously with Eagle Bank. Chief Mortgage Officer Richard Hutchison stated that “the key to a successful mortgage operation is a strong core as this provides loan officers with the opportunity to be very successful. I have worked with Tom for over 12 years and along with Jamie Adkins, Mattie Little and the rest of the Freedom Mortgage Team, I am confident that we will build a successful mortgage operation with a focus on affordability and first time homebuyers.”

Richard Hutchison, Jamie Adkins and Thomas Patton (Photo: Business Wire)

Freedom Bank is a community-oriented, locally-owned bank with locations in Fairfax, Vienna and Reston, Virginia. For information about Freedom Bank’s deposit and loan services, visit the Bank’s website at www.freedombankva.com.

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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150224006576/en/

The Freedom Bank of VirginiaCraig S. Underhill, Chief Executive Officer703-242-5300cunderhill@freedombankva.com

Freedom Financial (QX) (USOTC:FDVA)
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