Freedom Bank of Virginia in Fairfax has named to its board a consultant to a fund that recently invested in the bank.
Robert D. Falese Jr. joined the $390 million-asset Freedom Bank's board on Wednesday. Falese is a consultant to Patriot Financial Partners, which recently agreed to invest $10 million in Freedom Bank as part of a
Falese's 40-year banking career includes a stint as chief executive of Commerce Bancorp in Cherry Hill, N.J., which was acquired by TD Bank in 2007.
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The $390.1 million-asset company said in a press release Tuesday that it has agreed to sell common stock to institutional investors led by Patriot Financial Partners.
December 29 -
Empire National Bank in Islandia, N.Y., has named former Commerce Bank president and chief executive Robert Falese to its board.
August 14 -
Toronto-Dominion Bank's U.S. chief executive said an adverse court ruling has forced the company to change the name it planned to give its U.S. banking arm after the recent merger between Commerce Bancorp Inc. and its TD Banknorth Inc.
July 24
Falese is also a director of the $629 million-asset Empire Bancorp in Islandia, N.Y.
