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FAIRFAX, Va.–(BUSINESS WIRE)–The Freedom Bank of Virginia (OTCQX:FDVA), (the “Bank” or “Freedom
Bank”) announced today that its Board of Directors has nominated Joseph
M. English III, Kevin J. Kooman, and Maury Peiperl as directors and will
be recommending their election at the company’s annual meeting on May
28, 2019.

“The nomination of these three talented professionals completes the
restructuring of our board to a total of nine directors who have deep
leadership experience, vast domain knowledge, and unique insight in our
local markets,” said H. Jason Gold, Freedom Bank Chairman. “I would also
be remiss if I did not recognize the efforts of the six dedicated
Directors who have retired since the beginning of 2018, including
Richard C. Litman, Craig S. Underhill, Alvin E. Nashman, Terry L.
Collins, Robert Falese Jr., and G. Thomas Collins Jr.,” continued Gold.

Joseph M. English III (53) has over thirty years of experience as a
Certified Public Accountant, registered investment advisor, and personal
financial specialist. Joe began his accounting career in 1988 and became
a partner at Burdette Smith and Bish LLC in 1998. Mr. English’s focus is
on financial reporting, audits, reviews, compilations, tax planning, and
compliance for individuals and businesses. He earned a Bachelor of
Science in Accounting from Wheeling Jesuit University in Wheeling, West
Virginia.

Kevin J. Kooman (49) has over 20 years of investment banking and
financial management experience. He is a partner in the private equity
firm, Patriot Financial Partners, L.P. Prior to joining Patriot, Kevin
served as a Vice President of Investment Banking at Janney Montgomery
Scott LLC in the firm’s Financial Institutions Group. He has previously
held the positions of Divisional Controller and Manager of Financial
Operations at CIGNA Corp and at ACE Limited. He began his career as a
CPA in the Philadelphia Office of Arthur Andersen LLP.

Maury Peiperl (57) is the Dean of the George Mason University School of
Business. Prior to joining George Mason University, he was Director
(Dean) of Cranfield School of Management, one of the UK’s leading
business schools. Previously, he was Professor of Leadership at IMD in
Switzerland, and a professor at the London Business School, where he
co-founded the pioneering EMBA-Global. He holds several academic degrees
including a BS in Engineering from Princeton University, a Masters of
Business Administration, Master of Arts and a PhD from Harvard
University.

“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.

Contacts

Joseph J. Thomas
President & Chief Executive Officer
Phone:
703-667-4161
Email: jthomas@freedombankva.com