The Freedom Bank of Virginia is planning to cash in on the anticipated consolidation of government contractors.

The Fairfax, Va., bank intends to form a new unit, FBV Advisors, that will specialize on advising local government contractors on mergers and acquisitions, the Washington Business Journal reported Tuesday. The bank plans to submit its broker-dealer application to the Financial Institutions Regulatory Authority this month, and expects the approval process to take four months, according to the report.

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