Freedom Bank partners with Newtek Insurance to offer customers a full range of insurance solutions

Bank to enhance the advice and value it offers its clients through a comprehensive approach to risk management

FAIRFAX, Va., December 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 commercial and personal customers. In partnership with Newtek Insurance, Freedom Bank customers have access to commercial and personal insurance, including property, general liability, workers’ compensation, home, tenant, disability, individual life, and group health and benefit options.

Newtek Insurance Agency is a portfolio company of Newtek Business Services Corp. (NASDAQ:NEWT) and offers end-to-end insurance programs from multiple carriers with an AM Best rating of A- or better. They maintain relationships with a network of insurance wholesalers and general agents, giving Newtek access to most insurance companies. Newtek focuses on highly rated and trusted carriers to ensure customers get the most competitive plans and coverage available.

“I am very pleased to announce our partnership with Newtek as we continue to expand the bank’s capabilities and client offering. We’re excited to partner with a company that shares our passion for providing innovative solutions and exceptional customer service. We seek value-added ideas and curate world-class solutions that we either own or outsource. In the current environment of rising operating costs and heightened climate and cyber risks, we believe it is a good time for businesses to reassess their insurance coverage. We look forward to a successful partnership and the ability to more comprehensively serve our clients’ financial needs,” he said joe thomasPresident and CEO, Freedom Bank.

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About the Liberty Bank

The Liberty Bank of Virginia is a next-generation community bank headquartered in Fairfax, Va, which offers commercial banking, personal banking and mortgage banking solutions based on banking expertise and innovative technology to build lead relationships with clients. Focused on corporations, property owners and professionals, Freedom Bank focuses on key industry verticals to provide unique, industry-specific solutions that help clients achieve their goals and achieve their dreams. Freedom Bank has sales offices in Fairfax, Vienna, reston, Manassasand Chantilly, Virginia. Freedom Bank’s mortgage division is headquartered in Chantilly, Virginia and Freedom Bank Small Business Lending Division is headquartered in Harrison, New York. For more 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 that, together with its controlled portfolio companies, offers a wide range of business and financial solutions under Newtek® Brand for the small and medium-sized enterprise (“SME”) market. Since 1999, Newtek has provided state-of-the-art, cost-effective products and services and effective business strategies for SME relationships across all 50 countries to help them increase revenue, control spending and reduce risk.

Products and services offered by Newtek and its portfolio companies include: business lending, SBA lending solutions, electronic payment processing, technology solutions (cloud computing, data protection, storage and retrieval, IT consulting), e-commerce, accounts receivable and 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.

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Contact the Freedom Bank:
Joseph J ThomasPresident and Chief Executive Officer
Phone: 703-667-4161
E-mail: [email protected]

Newtek contact:
Contact: Jayne Cavuoto
Phone: (212) 273-8179
E-mail: [email protected]

SOURCE The Freedom Bank of Virginia

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