★ Company Profile
Founded in 2001 and headquartered in Fairfax, Virginia, USA, Freedom Bank of Virginia is a state-chartered community bank owned by Freedom Financial Holdings, Inc. (NASDAQ: CASH). As of June 2025, the bank has 5 branches and employs about 88 people (freedom.bank, depositaccounts.com). Headquarters locations include Feeifax, Vienna, Reston, Chantilly, and Manassas, among others. The bank focuses on providing a full range of banking services to local individuals and small and medium-sized business customers.
★ Regulatory information
Freedom Bank is a state-level bank chartered by the Bank of Virginia, part of the Federal Reserve and a member of the Federal Deposit Insurance Corporation (FDIC) under FDIC Deposit Insurance Number 57184. As of Q1 2025, the Supervised Bank has a good rating ("A" Health), benefiting from solid capital adequacy and deposit growth. In early 2025, the Board of Directors hired Scott Clark as Chief Financial Officer to enhance capital and regulatory reporting.
★ Trading Products
Freedom Bank offers the following major retail and commercial banking products:
Personal customer products: current and savings accounts, Money Market accounts (up to 4.25% p.a.) , APY), CDs, Personal Debit Cards, Credit Card
AccountsLoan Services: Mortgages (including down payment subsidies), Home Equity Loans (HELOC), Personal LoansBusiness
Services: Business Checking, Business Savings (Big APY), Business Credit Cards, Commercial Loans, Real Estate Commercial
LoansTreasury Management Services: Real-Time Payments, Merchant Services, Bank-at-Work
Mortgage Loans: Home Purchase, Refinancing and Government Construction Loan Subsidy Support (e.g. First Responder Program)
★ Trading Software
The bank offers a complete digital banking platform:
Online Banking (Web) and Freedom Bank Mobile App (iOS/Android) allow customers to check account balances, transfer payments, cheque deposits, bill payments and credit score checks at any time.
The app supports remote check deposits, real-time transfers, credit score monitoring, and security notifications.
★ Customer Support
The bank has a human customer service and telephone banking service, and supports 24/7 telephone consultation. The website provides FAQs, an online customer service portal and community resources. Customer feedback shows that the service is responsive and the community is widely reached.
★ Core Business & Services
Freedom Bank covers three main lines: personal, commercial and mortgage:
Personal Banking offers high-yield savings and checking accounts, as well as mortgage and HELOC products for first-time buyers;
Commercial Banks focuses on GovCon (government contractors), professional services, non-profit organizations, real estate, technology and innovation enterprises, providing comprehensive financial solutions;
Mortgage Business provides mortgage loans, refinancing and standard payment solutions. The bank works closely with the Northern Virginia Housing Market to participate in the Housing Expo.
★ Technology Infrastructure
The bank's digital system includes:
Self-developed online banking and mobile applications, supporting remote check storage and bill payment;
Real-time payment mechanism, compatible with interbank systems such as ACH and FedNow;
Integration of the bank's internal systems, including risk management, internal audit and compliance processes;
Third-party platforms, such as Autobooks, complement financial tools and provide digital invoicing and payment integrations.
★ Compliance & Risk Control System
Banks comply with federal and state banking regulations, including:
FDIC Deposit Insurance Cap $250,000
Periodic Financial Reporting & Risk Approvals
Federal/ State Banking System Review & Supervision
: 2025 Regulatory Rating "Health", Strengthened
Leadership and Board of Directors Compliance Experience, Strengthened CFO Experience, and Strengthened Capital Management Pipeline.
★ Market Positioning & Competitive Advantage
As a community bank, Freedom Bank is positioned as a core customer base for "small and medium-sized businesses and first-time home buyers":
High Interest Rate Savings & Business Money Market products
Customized loan solutions for first-time buyers and first-time responders, and participate in activities such as Housing
ExpoLocalized community services and quick decision-making
capabilitiesBank-at-Work program provides financial support and benefits
for corporate employees
★ Customer support and empowerment
The bank embraces the concept of "Exceptional service" and
Bank-at-Work and Merchant services
exclusively to businesses through:
Regular community workshops
,self-help tools, including financial calculator
apps, integrated credit score inquiries and credit monitoring notifications
★ Social Responsibility & ESG
The Freedom Bank Foundation was founded to actively support economic inclusion projects. Partnering with the Latino Economic Development Center in 2025 to raise more than $100,000 to support minority economic development. In addition, he was recognized with the ABA Foundation Community Commitment Award.
★ Strategic Partnership Ecosystem
Partnered with Autobooks to provide digital invoice payment solutions
and participate in the Fed's payment innovation program as a member of the Federal Reserve System
Directors and executives serve on the Federal Reserve Richmond Branch's Payments Advisory Council, working
with FinTech and community-based organizations such as the Latino Economic Development Center to enhance service coverage.
★ Financial health
As of 2025Q1:
Assets of approximately $1.08 billion
, deposits of $911 million, loans of $752 million,
andshareholders' equity of approximately $102 million
Low NPL ratio, solid reserve coverage ratio, YTD ROA 0.89%, ROE 9.64%
Variousratings indicate high financial soundness, DD Texas Ratio indicator
is good
★ Roadmap
for the futureContinue to expand the user base: increase first-time buyers, GovCon and SME business penetrationDigital
bank upgrades: new website, mobile app revamp (expected to go live in August 2025)
Enhanced payment capacity: Join FedNow and real-time payment systemIncrease
investment in social projects: Expand the Freedom Bank Foundation Partnering with minority communities
to recruit senior talent, such as CFOs, marketing directors, to enhance growth
