Freedom Bank of Virginia

What Freedom Bank of Virginia does

Freedom Bank of Virginia is a next-generation community bank headquartered in Fairfax, Virginia, that operates as the primary banking subsidiary of Freedom Financial Holdings, Inc. (OTCQX: FDVA). Founded in 2001, the bank serves businesses, consumers, mortgage customers, government contractors, non-profits, and CRE investors across Northern Virginia and the broader DC metro area through six branches (Fairfax, Reston, Chantilly, Vienna, Manassas, and the newly opened Tysons) with co-located corporate offices in Tysons Corner, McLean. Following a 2026 relocation and the opening of the Tysons branch, the franchise now operates around a $1.05–1.07 billion asset base with a 15.08% Total Risk Based Capital ratio, well above regulatory minimums.

The bank delivers a full retail and commercial banking suite: business and personal checking/savings, small business and SBA lending, commercial and CRE lending, treasury management, merchant services, commercial and personal credit cards, HELOCs, and a dedicated mortgage division. The mortgage franchise — operating as Freedom Bank Mortgage — originates conventional, FHA, VA, and USDA loans, supplemented by FHLBank Atlanta affordable housing grants and a foundation-administered Down Payment Assistance program. Technology is sourced through specialized partners: Apiture powers online and mobile banking and digital account opening, Verafin provides AI-driven fraud detection and BSA/AML analytics, and InvestiFi (announced April 2026) embeds digital investing — including stocks, ETFs, cryptocurrencies, and Guided Investing automated portfolios — directly within the banking platform. A board-approved AI governance framework governs responsible use of AI vendor capabilities.

The bank earns revenue principally through net interest income on its loan and securities portfolios — net interest margin reached 2.76% for FY2025 and 2.73% in Q1 2026 — with complementary transaction-fee streams from mortgage gain-on-sale (up 30% sequentially to $942,257 in Q1 2026), SBA gain-on-sale, service charges, and swap fee income. Funded primarily by a deposit base that grew $111 million (19%) in 2025 while brokered funding declined $97 million, the bank pursues a relationship-led, sales-driven GTM targeting SMBs, commercial clients, and government contractors. Freedom@Work serves as the workplace banking channel for the government contracting vertical. FY2025 net income was $374,197 against an efficiency ratio of 73.83%, indicating the bank is in an investment and growth posture as it enters its 25th anniversary year.

Name

Freedom Bank of Virginia

Legal name

The Freedom Bank of Virginia

Website

https://freedom.bank

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Freedom Bank of Virginia is a next-generation community bank serving Northern Virginia and the DC metro area, delivering business, commercial, personal, and mortgage banking across six branches with approximately $1.05 billion in total assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Commercial lending products
• Residential mortgage loans
• Small business financing
• Personal deposit accounts

Headquarters

HQ city

Vienna

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: The primary revenue stream from the spread between interest earned on loans and investments and interest paid on deposits and borrowings. Net interest margin improved to 2.73% in Q1 2026, up 3 basis points from prior quarter.
2. Mortgage Banking: Gain-on-sale revenue from mortgage loan originations, including conventional, FHA, VA, USDA loans. Mortgage gain-on-sale revenue increased 30% quarter-over-quarter to $942,257 in Q1 2026.
3. Service Charges and Other Income: Non-interest income including service charges, swap fee income, and gain on sale of securities.
4. SBA Lending: Revenue from Small Business Administration lending programs, including gain-on-sale of SBA loans.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Freedom Bank of Virginia is a next-generation community bank that provides business, commercial, personal, and mortgage banking products to the Northern Virginia and DC metro market. Offerings include deposit accounts, small business and SBA lending, commercial lending with treasury management, personal loans and credit cards, and a full-service mortgage division supported by FHLB down payment assistance programs. The bank delivers these services through six branch locations and a digital banking platform with embedded investment services.

Product overview

Freedom Bank of Virginia is a next-generation community bank offering a comprehensive suite of banking products through its commercial, personal, and mortgage banking divisions. The bank provides business banking services including checking, savings, lending (small business, SBA, and commercial), treasury management, merchant services, and specialized government contractor banking (Freedom@Work). Personal banking encompasses checking, savings, loans, credit cards, and home equity products. The mortgage division offers a full range of residential mortgage products including conventional, FHA/VA, USDA loans, and special programs for first-time homebuyers supported by FHLB grants. The bank operates a digital banking platform for both personal and business customers, with recent expansion through an InvestiFi partnership to embed investment services. The bank serves the Northern Virginia and DC metro area through branch locations in Fairfax, Vienna, Reston, Manassas, Chantilly, and Tysons.

Differentiator

Problem solved

Functional benefit

Brands

• Freedom Bank Mortgage: The bank's dedicated mortgage division offering various loan programs including conventional loans, VA/FHA financing, jumbo options, and specialty programs for first-time buyers and self-employed borrowers.
• Freedom@Work

Products and services

• Business Checking

Quantifiable outcome

• Net interest margin improved to 2.73% in Q1 2026, up 3 basis points from prior quarter
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Latino Economic Development Center (LEDC)minorStrategic or Co-development Partner · 23 December 2025The Freedom Bank Foundation partnered with LEDC as administrator for the Freedom Down Payment Assistance (DPA) Program in Northern Virginia. The program aims to reduce financial barriers for first-time homebuyers and expand support for underrepresented families, with the Foundation having raised over $500,000 and signed a new MOU with LEDC.
• Federal Home Loan Bank of Atlanta (FHLBank Atlanta)coreStrategic or Co-development Partner · 14 July 2025Freedom Bank's Mortgage Division participates in FHLBank Atlanta's Affordable Housing Program, providing $405,000 in homeownership assistance year-to-date as of June 2025. Programs include First-time Homebuyer (up to $17,500), Community Partners (up to $20,000 for first responders), and Workforce Housing Plus+ (up to $15,000 for borrowers earning 80-120% AMI).

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Eagle Bancorp / EagleBank: EagleBank is a publicly traded DC-metro commercial bank with very similar deposit-gathering and CRE/government-contractor lending focus; it is the closest comparable by geography, customer mix (law firms, associations, government contractors), and product set, making it the most relevant direct peer for Freedom Bank.
• Burke & Herbert Financial Services (Burke & Herbert Bank): A Virginia-based community bank founded in 1852 with deposit and small-business banking branches in Northern Virginia; competes head-to-head with Freedom Bank for retail, small-business and mortgage customers in Fairfax County and the DC metro.
• John Marshall Bank: John Marshall Bank is a Virginia-chartered community bank headquartered in Reston with comparable small-business, commercial and mortgage banking in the Northern Virginia corridor; nearly identical customer profile and asset scale ($1–2B).
• Chain Bridge Bank: A Northern Virginia community bank serving clients in Tysons/McLean with business deposit and commercial lending focus; private and similar in scale and target market to Freedom Bank.
• MainStreet Bank (now part of Carter Bank & Trust / Mission Community): MainStreet Bank is a Northern Virginia community bank serving similar small-business and consumer customers in Fairfax/Loudoun; its asset size and product emphasis on SBA lending and deposits make it a tight comparable.
• Virginia National Bankshares: Virginia National Bankshares is a publicly traded Virginia community bank group with Charlottesville-area roots and growing presence in Northern Virginia; competes for the same small-business, mortgage and consumer banking relationships at a comparable $1–2B asset level.
• Old Line Bancshares: Old Line is a publicly traded Maryland/DC community bank that previously acquired Bay Bancorp—where Freedom Bank's CEO Joseph Thomas was previously President & CEO—making it a useful internal/peer benchmark for talent and operating model comparability.

Broad incumbents

• Atlantic Union Bankshares (formerly Sandy Spring + Union): Atlantic Union Bankshares is the dominant Virginia/DC regional bank with the overlapping Sandy Spring Bank heritage; competes for the same depositors and SBA/mortgage borrowers but at far greater scale ($20B+ in assets) and statewide branch footprint.
• Capital One Financial: Capital One is the largest Virginia-headquartered consumer/regional bank and historically competes for retail, mortgage and small-business customers across Northern Virginia; functions as a broad incumbent benchmark rather than a head-to-head community-bank peer.

Regional players

• Virginia Heritage Bank / Carter Bank & Trust: Carter Bank & Trust is a Virginia community bank group that acquired assets where Freedom Bank's Chief Mortgage Officer previously built his career; competes for similar retail and CRE relationships in Northern and Western Virginia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xtwitter.com/freedombankofva
• YouTubeyoutube.com/@FreedomBankVA
• Facebookfacebook.com/FreedomBankofVA
• LinkedInlinkedin.com/company/freedom-bank
• Instagraminstagram.com/freedombankofvirginia

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Freedom Bank of Virginia