FAIRFAX, Va.--(BUSINESS WIRE)--The board of directors of the Freedom Bank of Virginia (OTCQX:FDVA) announced that H. Jason Gold, a founding and the longest serving director, was elected Chairman of the Board of Directors on July 17, 2018. He succeeded Richard Litman, who retired as Chairman after eleven years in that role.

Gold, 63, has served as a director of the bank since its founding in July 2001 and currently serves as the Chairman of the Strategic Planning Committee. He is a partner at the national law firm of Nelson Mullins Riley & Scarborough LLP and has been active in the local business community for nearly 40 years. Prior to joining Nelson Mullins in 2015 he was a partner in the Washington, D.C. law firm of Wiley Rein LLP for twelve years. Prior to that he was the managing partner of Gold Morrison & Laughlin PC dating back to 1985. Born and raised in Brooklyn, New York, he moved to the D.C. area in 1972 and with his wife Margi raised his two sons in Northern Virginia.

CEO Craig Underhill said, “We are very fortunate at this juncture of our development to have an individual with the experience and history with the bank that Jason has to step in and lead us in the next phase of our development. Management and the board are excited to work with Jason on implementing the Bank’s plan to become the preeminent community bank in Northern Virginia.”

“The shareholders of Freedom Bank are fortunate to have such an outstanding and dedicated group of individuals employed at the bank. My goal is to give them whatever support they need to continue the growth and profitability of the bank in perhaps the most dynamic and growing banking and business markets in the country,” said Gold. He added, “Equally important are the thousands of customers who we serve. We will continue to work hard to provide them with the very best competitive rates and quality service possible.”

Richard Litman said, “Jason has served on the bank’s board since the beginning. In addition he and his law firm have represented a host of community, regional and national banks since the 1980’s. I remain on the board and look forward to continuing to promote the interests of the bank.”

CEO Craig Underhill said, “We thank Richard for his boundless energy and tireless efforts to help get Freedom Bank to the $500 million bank we are now. We all appreciate his many contributions to the bank.”