-
Freedom Bank of Virginia in Fairfax plans to raise $4 million by selling common stock.
November 4 -
Regional and small banks are providing M&A advisory services to their commercial customers as a way to drive fee income, deepen client relationships and differentiate themselves from rivals.
July 31
The Freedom Bank of Virginia has extended the deadline for its $4 million stock offering in response to investors' requests for more time.
The Fairfax-based bank now plans to close its public offering on Dec. 12. Freedom Bank
Craig Underhill, the president and chief executive of the $305 million-asset bank, said in a news release that he was "pleased" with the response so far to the offering but wanted an extension to accommodate investors.
"Some investors have requested more time so that subscription agreements can be submitted through retirement accounts. Others did not receive the offering until this week," he said in the release. "Extending the deadline to after the Thanksgiving holiday will accommodate these investors."
The Freedom Bank of Virginia has three branches in northern Virginia, and earned $1.3 million in the first three quarters of the year. It