The Freedom Bank of Virginia Announces $6.9 Million Common Stock Offering.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va. -- The Freedom Bank of Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). (Bulletin Board: FDVA FDVA Florida Department of Veterans Affairs .OB) today announced the commencement of a $6.9 million non-underwritten common stock offering. The Bank is offering 520,755 shares of common stock (with discretion to increase to 747,170 shares) priced at $13.25 per share. The offering is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent closing a previously announced $5.1 million equity transaction with six former directors of James Monroe Bank and Ategra Community Financial Institution Fund, LP. Subscriptions will be placed in an escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. account at the Bank pending the close of that transaction. If that transaction fails to close by March 31, 2007, subscribers will be offered refunds. The offering is part of the Bank's plan announced October 19, 2006 to substantially increase its equity capital. For further information on the offering, contact Christine Gorman at (703) 242-5300. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements include, but are not limited to, statements about (i) the benefits of the transaction; (ii) Freedom's plans, objectives, expectations and intentions and other statements that are not historical facts; and (iii) other statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "targets," "projects," or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based on the current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. , many of which are beyond the Bank's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed or implied in these forward- looking statements because of numerous possible uncertainties. |
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