The Freedom Bank of Virginia hired Tung Dao as senior vice president and chief credit officer. In this role, Tung will be responsible for underwriting and approving loans held for investment on the bank’s balance sheet. He will support the commercial, small business lending and mortgage divisions to facilitate the growth of the bank’s loan portfolio while also ensuring compliance with the bank’s risk ratings, credit policies and operating procedures.
“We are thrilled to welcome Tung to the Freedom team,” Joe Thomas, president and CEO of Freedom Bank, said. “We are very fortunate to have someone with Tung’s extensive and diverse experience take on this critical leadership role in the organization. Tung’s complimentary background, which encompasses credit, portfolio management and relationship management, will provide exceptional value to our team. Tung’s proven collaborative and solution-oriented leadership style not only aligns with our company’s values but also the bank’s growth objectives.”
“I am excited to join Freedom’s dynamic team and look forward to leveraging my experience and insights to continue leading the bank towards sustainable growth while ensuring prudent risk management,” Dao said. “Together, with my Freedom colleagues, we will focus on innovation, integrity and excellence in serving our clients, communities and shareholders.”
Dao was most recently at Burke & Herbert Bank, where he was deputy chief credit officer and has over 20 years of experience as a credit officer at BB&T and a relationship manager at Bank of America. Dao brings unique experience in financial advisory and credit evaluation as both a credit officer and business development officer in the DC Region. Dao is a long-time resident of Northern Virginia and attended Falls Church High School. He has an undergraduate degree from the University of Virginia with a double major in Systems Engineering and Economics and an MBA from George Washington University.
