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Inside Freedom Bank: From 'turmoil and chaos' to plans to double in size

Andy Medici
Inside Freedom Bank: From 'turmoil and chaos' to plans to double in size

Joe Thomas spent the second half of last year overhauling the Freedom Bank of Virginia as its new president and CEO, from its highest leadership down to its website. Since its 2001 founding, Freedom Bank has watched competitors start up, outpace it and sell for top dollar. Case in point: Reston-based WashingtonFirst Bank, founded in 2004, grew to more than $2 billion in assets before its $447 million sale last year to Sandy Spring Bank (NASDAQ: SASR).