The Board of Directors of Freedom Bank of Virginia announced that Joseph J. Thomas has been appointed as its President and Chief Executive Officer effective August 27, 2018. Mr. Thomas, 55, was most recently President and CEO of Bay Bancorp. Mr. Thomas was previously Managing Director of Hovde Private Equity Advisors and Financial Services Partners Fund I. Mr. Thomas' last role was Managing Director of Wachovia Securities and Head of Financial Institutions Investment Banking in Charlotte, North Carolina.

He is managing member of Glenowen Farm LLC, a registered Angus cattle farm in Round Hill owned by his family since 1784. Mr. Thomas is a Trustee of St. Paul's Episcopal Church Foundation, member of the Parents Advisory Committee at Woodberry Forest School, former Trustee of the St.

Stephens and St. Agnes Foundation, former President of Belle Haven Country Club and Emeritus Trustee of the College of Arts and Sciences at the University of Virginia. Mr. Thomas succeeds Craig Underhill as President and Chief Executive Officer.