Freedom Bank of Virginia in Fairfax has named to its board a consultant to a fund that recently invested in the bank.
Robert D. Falese Jr. joined the $390 million-asset Freedom Bank's board on Wednesday. Falese is a consultant to Patriot Financial Partners, which recently agreed to invest $10 million in Freedom Bank as part of a $16 million private placement.
Falese's 40-year banking career includes a stint as chief executive of Commerce Bancorp in Cherry Hill, N.J., which was acquired by TD Bank in 2007.
Falese is also a director of the $629 million-asset Empire Bancorp in Islandia, N.Y.