Bank to Extend the Advice and Value it Provide
to Clients through a Comprehensive Risk Management Approach
FAIRFAX,
Va., Dec. 15, 2022 /PRNewswire/ -- The
Freedom Bank of Virginia ("Freedom
Bank") announced today that it has partnered with Newtek Insurance
to offer a full range of insurance solutions to business and
consumer clients. In association with Newtek Insurance, Freedom
Bank clients will enjoy access to commercial and personal insurance
including property, general liability and workers compensation,
home, renters, disability, individual life, as well as group health
and employee benefits options.
Newtek Insurance Agency is a portfolio company of Newtek
Business Services Corp., (NASDAQ:NEWT) and offers end-to-end
insurance programs from numerous insurance carriers maintaining an
A. M. Best rating of A- or better. They maintain relationships with
a network of insurance wholesale and general agents giving Newtek
access to most insurance companies. Newtek focuses on highly rated
and trusted carriers to ensure clients are receiving the most
competitive rates and best coverage available.
"I am thrilled to announce our partnership with Newtek as we
continue to grow the bank's capabilities and client offerings. We
are excited to work with a company that shares our passion for
delivering innovative solutions and exceptional client
service. We look for value added ideas and curate best in
class solutions that we either own or outsource. Given the
current environment of increasing operating costs and elevated
climate and cyber risks, we believe it is a great time for
businesses to re-evaluate their insurance coverages. We look
forward to a successful partnership and the ability to serve our
clients' financial needs more comprehensively," said Joe Thomas, President and CEO, Freedom
Bank.
About Freedom Bank
The Freedom Bank of Virginia is
a next-generation community bank, headquartered in Fairfax, Virginia, offering commercial
banking, personal banking, and mortgage banking solutions using
banker expertise and innovative technology to build lead
relationships with clients. Focusing on businesses, real estate
owners, and professionals, Freedom Bank concentrates on key
industry verticals to deliver unique, sector-specific solutions to
help clients meet their goals and realize their dreams. Freedom
Bank has sales office locations in Fairfax, Vienna, Reston, Manassas, and Chantilly, VA. The Freedom Bank Mortgage
Division is headquartered in Chantilly,
VA and the Freedom Bank Small Business Lending Division is
headquartered in Harrison, NY. For
information about Freedom Bank, visit our website at
www.freedom.bank.
About Newtek Business Services
Corp.
Newtek Business Services Corp., Your Business Solutions
Company®, is an internally managed BDC,
which along with its controlled portfolio companies,
provides a wide range of business and financial solutions
under the Newtek® brand to the small- and medium-sized
business ("SMB") market. Since 1999, Newtek has provided
state-of-the-art, cost-efficient products and services and
efficient business strategies to SMB relationships across all 50
states to help them grow their sales, control their expenses and
reduce their risk.
Newtek's and its portfolio companies' products and services
include: Business Lending, SBA Lending Solutions, Electronic
Payment Processing, Technology Solutions (Cloud Computing,
Data Backup, Storage and Retrieval, IT Consulting), eCommerce,
Accounts Receivable Financing & Inventory Financing,
Insurance Solutions, Web Services, and Payroll and Benefits
Solutions.
Newtek®, NewtekOne®, Your Business
Solutions Company® and One Solution for All Your
Business Needs® are registered trademarks of Newtek
Business Services Corp.
Freedom Bank Contact:
Joseph J. Thomas, President & Chief
Executive Officer
Phone: 703-667-4161
Email: jthomas@freedom.bank
Newtek Contact:
Contact: Jayne Cavuoto
Telephone: (212) 273-8179
Email: jcavuoto@newtekone.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/freedom-bank-partners-with-newtek-insurance-to-offer-clients-a-full-range-of-insurance-solutions-301704576.html
SOURCE The Freedom Bank of Virginia