Anthony Botelho, President and CEO

Freedom National Bank is proud to announce it has reached $100 million in assets, a major milestone for the community bank.
 
"We are grateful to all our customers who have helped us reach this milestone," said Anthony Botelho, President and CEO of Freedom National Bank. "Having reached this benchmark, we're positioned to provide more complex, sophisticated financing, while staying accessible to our customers."
 
Freedom National Bank was formed in 2001 to service the Rhode Island and nearby Southeastern Massachusetts business communities. Notwithstanding the "Great Recession," the bank showed moderate growth from 2001 to 2011. In 2012 and 2013 the bank enjoyed tremendous growth by remaining focused on its' Core Values: Customers, Colleagues and Community.  In the past two years the bank has seen double digit asset growth and the #3 ranking for SBA lending across all of Rhode Island.
 
In 2011, Botelho came on board with a new management plan and a vision for the future. His focus was to build the bank's assets in order to provide a wider scope of services to commercial and retail customers.
 
From $80 million in 2011 to $100 million today, the bank has seen a 25 percent growth in the past two years. Botelho has even bigger plans for the future.
 
"We've got a hefty goal this year to grow another $15 million, and to reach $125 million by 2015," he said. "The more we grow, the more services we can provide to our customers in our small-bank atmosphere."
 
David Caruso, a Vice President at Freedom National Bank, said the bank's growth has come from creating and fostering its customer relationships.
 
"We're grateful to know each of our customers personally," Caruso said. "We're going to keep our focus on individuals and small business clients because we know growing happens one person at a time."      

Providing the most up-to-date and user-friendly products is a priority at Freedom National Bank and with the $100 million milestone achieved, even more options are available to our customers.
 
Consumers can count on top-level security for online and mobile banking, as well as a wider breadth of products and services now and in the near future, such as Freedom National Bank's consumer loan, available up to $25,000.
 
"By growing the bank, we're able to provide our retail customers with even more banking options like Reward Checking, home equity products, and mortgages that help consumers achieve their personal goals," said Laura Stack, Senior Portfolio Manager at Freedom National Bank.
 
For commercial customers, Freedom National Bank's growth means a greater capacity to perform larger transactions and offer more lines of credit, including low-documentation loans up to $250,000 and Small Business Lending (SBL) with 24- to 48-hour response times.
 
"We offer Remote Deposit Capture technology that allows commercial customers to make deposits without leaving the office," adds Anthony Botelho, President and CEO of Freedom National Bank.
 
"As we continue to grow, we can create more financing solutions and opportunities for both our existing client base and prospects in the area of financing their capital needs," said David Caruso, VP Business Development at Freedom National Bank. "Our growth simply means more advantages for our customers - that's what we're excited about."