Freedom Bank Adds to Executive Management Team

By , in PR PR Economy on .

FAIRFAX, Va.–(BUSINESS WIRE)–The Freedom Bank of Virginia (OTCQX: FDVA) announced today that the board of directors has appointed Raj Mehra as executive vice president, chief financial officer, and Kathleen Croson as executive vice president, chief banking officer.

“Kathleen and Raj are strategic additions to our executive management team,� said executive chairman Richard Litman. �Kathleen and Raj are very experienced bankers who will help manage risks and support our organic growth,� added CEO Craig Underhill.

“I have long known Richard and Craig and could not be more excited to be a member of the Freedom Bank executive team building the premier community bank in Northern Virginia,� Mehra said.

For many years Mehra was CFO of Middleburg Financial Corp., the holding company of Middleburg Bank. Previously, he served as director of financial risk management at PricewaterhouseCoopers, and held positions at JP Morgan Chase and Credit Suisse. Mehra received his bachelor’s degree from the Indian Institute of Technology, and holds two graduate degrees including an MBA from the University of Massachusetts. He is a member of the American Bankers Association’s Accounting Committee and the AICPA's Depository Institution Expert Panel.

“I am thrilled to join Freedom Bank as the Chief Banking Officer and look forward to being an integral part of moving the bank in a new strategic direction,� Croson said.

Croson began her career at First Virginia Bank. She served in various capacities of increasing responsibility at Middleburg Bank for 18 years. Croson was a branch manager, led retail and consumer banking operations and most recently served as Middleburg’s senior vice president of client services. As the bank’s first chief banking officer, she is responsible for directing implementation of plans and programs related to the products and services of the bank’s retail and digital banking channels, including treasury management, deposit operations and consumer lending.

Croson has a bachelor’s degree from George Mason University and has served in a number of industry association positions.

Richard Litman said: “With local banks consolidating, the board is committed to building a strong foundation for the future, with the infrastructure and senior management positioning us to be the community bank of choice in Northern Virginia.�

About Freedom Bank

Freedom Bank is a community-oriented bank with locations in Fairfax, Reston, Chantilly and Vienna, Virginia. Freedom Bank also has a mortgage division headquartered in Chantilly. For information about Freedom Bank’s deposit and loan services, visit the Bank’s website at www.freedombankva.com.

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 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.

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Marcus Clinker

Marcus Clinker

Marcus is a reporter on the Political Capital team focusing on money in politics. Before joining Daily Telescope, he worked as a researcher and writer for the Institute for Northern Studies at Ohio State University and as a freelance journalist in Portalnd, having been published by over 20 outlets including NPR, the Center for Media and Democracy,The Huffington Post, Salon, Truthout and VICE.com.
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