Independence Financial institution Hires Kevin Ferryman as Senior Vice President & Head of SBA Division
FAIRFAX, Va., Jan. 4, 2021 /PRNewswire/ — The Freedom Lender of Virginia (OTCQX: FDVA) introduced now that it has hired Kevin Ferryman as Senior Vice President & Head of SBA Division and a workforce of his former colleagues liable for creating a new SBA enterprise for the bank. Mr. Ferryman will serve as a member of the Flexibility Bank senior administration team centered on creating the bank’s SBA Division’s aims relating to unbiased origination, underwriting, closing, sale and servicing of SBA loans. He will get the job done in collaboration with the business and group banking groups to ensure sturdy cross-sale and results of all deposit and treasury products. On top of that, Mr. Ferryman will improve the Division via lively participation and fostering sturdy ties to SBA business trade companies and local community groups and benefit from these connections to establish the bank’s brand amid business enterprise owners and brokers.
Joining Mr. Ferryman in the SBA Division are Kerry Borosh, Vice President & Organization Advancement Officer Dhruva Patel, Vice President & Underwriter Dawn Giorgi-Nethercott, Assistant Vice President & Mortgage Nearer and Lakisha Grant, Financial loan Nearer. Freedom’s new SBA Lending staff has a shown monitor history jointly of conference the requirements of tiny enterprises shoppers and originating new clients to advancement price-centered profits by means of sale of govt confirmed part of SBA loans and fascination and servicing earnings from an SBA unguaranteed loan portfolio. Financial loan merchandise have involved SBA 7(a), SBA 7(a) ITL, USDA B&I and 504 Wholesale loans.
“We are extremely privileged to have a SBA banking executive be part of our team with these kinds of various and wide expertise in little business lending. Underneath Kevin’s management and with the skills of the other seasoned users becoming a member of our SBA workforce, Independence Financial institution will be ready to construct on the noteworthy achievements the bank experienced in 2020 in executing government applications this sort of as the Paycheck Safety Plan (PPP) and the Most important Avenue Lending System (MSLP). We carry on that momentum with our new SBA lending company that will meet up with the needs of Freedom’s shoppers in the DC Location, as properly as, originate new customers through the East Coastline,“ said Joe Thomas, President and CEO.
Kevin Ferryman additional “I am psyched to sign up for Independence Financial institution and embark on this new chapter that will extend the bank’s choices to additional absolutely provide the business community throughout a period where by smaller organizations are having difficulties thanks to COVID-19 and challenged to get the funding they will need due to consolidation in the local community banking marketplace and as some establishments go to limit common SBA lending. Liberty Bank has a meaningful prospect to fill that void and arrive to the support of little businesses at a time when the cash is most required,” continued Mr. Ferryman.
Mr. Ferryman was most just lately Senior Vice President and Director of SBA Lending at Patriot Bank in Connecticut exactly where he built a productive SBA application. Prior to this, Mr. Ferryman worked at Citizens Lender as Senior Vice President and SBA Director liable for controlling all factors of their SBA lending. He has also held several roles at Cash 1 Financial institution and JPMorgan Chase Bank the place he designed his management and credit score competencies, and frequently surpassed unique and group generation aims. Mr. Ferryman acquired his BS in Banking and Finance from St. John’s University and MBA in Banking and Finance from Hofstra College.
About Independence Financial institution
Freedom Financial institution (OTCQX: FDVA) is a upcoming-generation neighborhood lender, headquartered in Fairfax, Virginia, giving commercial banking, individual banking, and mortgage loan banking alternatives utilizing banker skills and modern engineering to construct direct interactions with purchasers. Focusing on firms, authentic estate house owners, and gurus in the Northern Virginia/DC metro space, Flexibility Lender concentrates on crucial market verticals to provide unique, sector-unique remedies to help clientele meet their goals and recognize their goals. Flexibility Bank experienced total belongings of $752 million on September 30, 2020 and locations in Fairfax, Vienna, Reston, and Chantilly and a property finance loan division also headquartered in Chantilly. For data about Independence Lender, visit our internet site at www.liberty.lender.
Contact:
Joseph J. Thomas
President & Main Govt Officer
Telephone: 703-667-4161
Electronic mail: [email protected] institution

Watch authentic information to download multimedia:https://www.prnewswire.com/news-releases/flexibility-lender-hires-kevin-ferryman-as-senior-vice-president–head-of-sba-division-301200401.html
Source Liberty Bank of Virginia
