FAIRFAX, Va., Jan. 4, 2021 /PRNewswire/ — The Independence Lender of Virginia (OTCQX: FDVA) announced these days that it has employed Kevin Ferryman as Senior Vice President & Head of SBA Division and a team of his former colleagues accountable for making a new SBA enterprise for the lender. Mr. Ferryman will provide as a member of the Freedom Financial institution senior management staff targeted on developing the bank’s SBA Division’s ambitions relating to impartial origination, underwriting, closing, sale and servicing of SBA financial loans. He will perform in collaboration with the professional and local community banking groups to ensure potent cross-sale and accomplishment of all deposit and treasury solutions. In addition, Mr. Ferryman will develop the Division through active participation and fostering solid ties to SBA sector trade companies and community groups and utilize those connections to construct the bank’s brand among enterprise entrepreneurs and brokers.
Becoming a member of Mr. Ferryman in the SBA Division are Kerry Borosh, Vice President & Business Advancement Officer Dhruva Patel, Vice President & Underwriter Dawn Giorgi-Nethercott, Assistant Vice President & Bank loan Nearer and Lakisha Grant, Personal loan Closer. Freedom’s new SBA Lending workforce has a demonstrated observe report jointly of assembly the wants of compact organizations customers and originating new purchasers to progress fee-dependent earnings through sale of authorities guaranteed part of SBA financial loans and desire and servicing cash flow from an SBA unguaranteed personal loan portfolio. Personal loan items have included SBA 7(a), SBA 7(a) ITL, USDA B&I and 504 Wholesale financial loans.
“We are pretty lucky to have a SBA banking executive join our workforce with these varied and wide encounter in small organization lending. Underneath Kevin’s leadership and with the abilities of the other seasoned members becoming a member of our SBA crew, Freedom Financial institution will be capable to make on the noteworthy achievement the financial institution had in 2020 in executing govt packages this kind of as the Paycheck Safety Software (PPP) and the Major Road Lending Software (MSLP). We continue that momentum with our new SBA lending company that will satisfy the wants of Freedom’s consumers in the DC Location, as effectively as, originate new purchasers in the course of the East Coastline,“ claimed Joe Thomas, President and CEO.
Kevin Ferryman included “I am fired up to be part of Flexibility Bank and embark on this new chapter that will expand the bank’s choices to much more fully serve the enterprise neighborhood throughout a period of time in which modest organizations are having difficulties thanks to COVID-19 and challenged to get the funding they have to have because of to consolidation inside the community banking industry and as some establishments transfer to restrict regular SBA lending. Liberty Lender has a significant possibility to fill that void and appear to the assist of smaller organizations 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 Lender in Connecticut exactly where he developed a successful SBA application. Prior to this, Mr. Ferryman worked at Citizens Bank as Senior Vice President and SBA Director accountable for managing all aspects of their SBA lending. He has also held many roles at Funds 1 Lender and JPMorgan Chase Bank the place he created his management and credit score abilities, and frequently surpassed unique and group creation plans. Mr. Ferryman earned his BS in Banking and Finance from St. John’s College and MBA in Banking and Finance from Hofstra University.
About Liberty Lender
Flexibility Lender (OTCQX: FDVA) is a subsequent-technology neighborhood lender, headquartered in Fairfax, Virginia, offering business banking, own banking, and property finance loan banking solutions employing banker abilities and progressive technology to create direct interactions with clients. Concentrating on organizations, real estate homeowners, and professionals in the Northern Virginia/DC metro space, Liberty Financial institution concentrates on critical marketplace verticals to provide exclusive, sector-unique remedies to assist clientele satisfy their plans and realize their dreams. Freedom Lender experienced full assets of $752 million on September 30, 2020 and destinations in Fairfax, Vienna, Reston, and Chantilly and a home finance loan division also headquartered in Chantilly. For information and facts about Flexibility Financial institution, take a look at our website at www.independence.bank.
Joseph J. Thomas
President & Chief Govt Officer
E mail: [email protected]
Check out first articles to down load multimedia:https://www.prnewswire.com/news-releases/freedom-lender-hires-kevin-ferryman-as-senior-vice-president–head-of-sba-division-301200401.html
Resource Liberty Lender of Virginia