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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.