Freedom Bank Announces Appointment of Pierre A. Abushacra to its Board of Directors
Rhea-AI Summary
Freedom Financial Holdings (OTCQX: FDVA) appointed Pierre A. Abushacra to the Board of Directors of Freedom Bank of Virginia, effective January 22, 2026. Abushacra is founder of Kapa Capital (commercial real estate) and co-founder of Firehook Bakery, and previously served on the board of Bay Bank. He is Chair of the Specialty Food Association, which represents over 4,000 food maker members. The company highlighted his operating experience, community engagement, and fit with its Northern Virginia growth strategy.
Positive
- Commercial real estate expertise from Kapa Capital founder
- Prior community banking board experience at Bay Bank
- Industry leadership as Chair of SFA representing >4,000 members
Negative
- None.
News Market Reaction – FDVA
On the day this news was published, FDVA declined NaN%, reflecting a moderate negative market reaction.
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Local Entrepreneur Brings Operating Experience and Commercial Real Estate Acumen to Freedom Bank Board
Mr. Abushacra is the Founder of Kapa Capital, a private investment company specializing in commercial real estate. He is also a Founder of Firehook Bakery, the leading maker of artisan baked crackers sold in natural food stores and supermarkets throughout
"Pierre's broad background as an entrepreneur and real estate investor makes him an excellent addition to our Board," said Jason Gold, Chairman of the Board of Freedom Bank of Virginia. "He complements the group of qualified professionals and community leaders currently serving on the Board and understands the unique challenges and opportunities facing independent banks today. Pierre brings valuable insight as we continue expanding our platform for business and personal clients across the
Mr. Abushacra earned his B.S. in Finance from George Washington University. In addition to his professional accomplishments, he has served on several nonprofit boards, contributing his expertise to community development, education, and technology innovation initiatives. He is a member of YPO and the SFA (Specialty Food Association) and is currently the Chair of the Board of the SFA, a 75-year-old industry trade organization serving over 4000 food maker members from around the country.
"I am honored to join Freedom Bank's Board of Directors," said Pierre Abushacra. "I have followed Freedom's growth for several years and admire its local leadership, strong reputation, and commitment to client relationships. I look forward to collaborating with the Board and management team to build upon its success."
About Freedom Bank
The Freedom Bank of Virginia is a next-generation community bank focused on empowering clients to achieve their dreams through innovative business, commercial, personal, and mortgage banking solutions. Through its deep banker expertise and entrepreneurial DNA, exceptional service, and easy-to-use technology, Freedom Bank is built to be its clients' primary relationship bank. Freedom Bank has locations in
Contact:
Joseph J. Thomas
President & Chief Executive Officer
Phone: 703-667-4161
Email: jthomas@freedom.bank
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SOURCE The Freedom Bank of Virginia
FAQ
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