The Freedom Bank Foundation Raises Over $106000 and Forms New Partnership to Support Economic Inclusion

Bank Foundation Celebrates Successful Fundraising Event Benefiting Underrepresented Entrepreneurs in Northern Virginia and Grows its Network for Greater Impact

FAIRFAX, Va., Sept. 16, 2024 - The Freedom Bank of Virginia announces the Freedom Bank Foundation's third annual Campaign Celebration event raised over $106,000 to support the NOVA Freedom Fund. The NOVA Freedom Fund provides financing and technical assistance to underrepresented entrepreneurs in the DC Region. Since 2021, the Foundation through the help of the Community Business Partnership (CBP) has provided capital and assistance to twelve local entrepreneurs. Today the Foundation has raised over $350,000 and looks forward to using the funding to assist even more businesses by forging a new partnership with the Latino Economic Development Center (LEDC).

The Latino Economic Development Center's (LEDC's) mission is to serve as a catalyst that drives the economic and social advancement of low- to moderate-income Latinos and other underserved communities by equipping them with the skills and tools to achieve financial independence, acquire personal and business assets, create generational wealth, and become leaders in their communities.

"We are thrilled with the success of our third annual Campaign Celebration event. We are exceptionally grateful for the support of our board of directors, employees, clients, vendor partners, and personal friends who year after year stand behind the Foundation's mission of economic inclusion. We appreciate the hard work of the team at the Community Business Partnership who has administered the Fund on the Foundation's behalf and are excited to take the Foundation to the next level by adding a second CDFI administrator, the LEDC, to our network. Broadening our reach through the LEDC and continuing our key relationship with the CBP, the Fund will now be able to help even more deserving but underserved entrepreneurs. We look forward to using these new funds and our expanded network to make a meaningful difference for entrepreneurs and business owners in our area," said Joe Thomas, President and CEO.

The Freedom Bank Foundation is a nonprofit, tax exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code. Businesses or individuals who are interested in learning more about the Foundation or the NOVA Freedom Fund are asked to contact freedombankfoundation@freedom.bank or visit freedom.bank/foundation.

About Freedom Bank

Freedom Bank is a next-generation community bank, headquartered in Fairfax, Virginia, offering commercial banking, personal banking, and mortgage banking solutions using banker expertise and innovative technology to build lead relationships with clients. Focusing on businesses, real estate owners, and professionals, Freedom Bank concentrates on key industry verticals to deliver unique, sector-specific solutions to help clients meet their goals and realize their dreams. Freedom Bank has sales office locations in Fairfax, Vienna, Reston, Manassas, and Chantilly, VA. The Freedom Bank Mortgage Division is headquartered in Chantilly, VA. For information about Freedom Bank, visit our website at www.freedom.bank.

Contact:
Joseph J. Thomas
President & Chief Executive Officer
Phone: 703-667-4161
Email: jthomas@freedom.bank