FAIRFAX, Va.--(BUSINESS WIRE)--Freedom Bank of Virginia (OTCQX: FDVA), announced it is declaring a five percent stock dividend to shareholders of record as of June 23, 2017 payable on July 7, 2017. There will be no fractional shares issued with new shares of 0.49 or less rounded down and new shares of 0.50 or greater rounded up to the next closest share.
CEO Craig Underhill indicated, “Freedom Bank has generated strong asset and earnings growth over the past two years. The board approved the stock dividend to enhance shareholder value.”
Freedom Bank is a community-oriented, locally-owned bank with locations in Fairfax, Vienna and Reston, Virginia. For information about Freedom Bank’s deposit and loan services, visit the Bank’s website at www.freedombankva.com.