Freedom Financial Holdings, Inc. (OTCPK:FDVA) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 common shares, representing 3.79% of its share capital. The funding for this stock repurchase will come from cash currently at the holding company sourced from the $20 million subordinated debt issue in the fourth quarter of 2021 and, as necessary, an upstream dividend from the bank.

As of December 31, 2021, the company had 6,589,757 shares outstanding.