Freedom Bank’s Board Elects Lauren Friend McKelvey as Director

Experienced Professional Brings a Wide Range of Legal Expertise to Freedom Board of Directors

FAIRFAX, Va.--(BUSINESS WIRE)-- The Board of Directors of Freedom Bank of Virginia (OTCQX: FDVA) today announced that it has elected Lauren Friend McKelvey as director.

“We are delighted to have Lauren McKelvey, one of Northern Virginia’s most effective and talented attorneys join our board. Lauren compliments the group of qualified professionals and community leaders currently serving on the board. She is highly regarded and respected for her skills and dedication to her clients,” said H. Jason Gold, Chairman of the Board.

Ms. McKelvey frequently litigates commercial matters, intellectual property disputes, and other business matters in state and federal court. She also crafts and negotiates financing and technology agreements for her clients. Her experience extends as well to the representation of financial fiduciaries and banks.

“I look forward to serving with the distinguished members of the Freedom Bank Board of Directors and helping guide the bank during its next stage of growth. I am pleased with Freedom’s strong potential in this thriving Northern Virginia market and its dedication to successfully serve the needs of its clients and community,” said Lauren McKelvey.

Ms. McKelvey is a partner in the prominent Northern Virginia law firm Odin Feldman Pittleman. She has been recognized as a “Top Lawyer” by Washingtonian magazine, as well as a “Rising Star” by Virginia and Washington, D.C. Super Lawyers. She sits on the Board of Directors of the International Women’s Insolvency & Restructuring Confederation (IWIRC).

Ms. McKelvey received her J.D., magna cum laude from the Antonin Scalia Law School at George Mason University, her M.A. from the Edmund A. Walsh School of Foreign Service at Georgetown University, and her B.A., summa cum laude from Sweet Briar College.

About Freedom Bank

Freedom Bank is a community-oriented bank headquartered in Fairfax, Virginia with total assets of $512 million and total deposits of $434 million at June 30, 2018. The bank has locations in Fairfax, Reston, Chantilly and Vienna 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.

Freedom Bank of Virginia
Joseph J. Thomas, CFA
President and CEO
703-667-4161
jthomas@freedombankva.com