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Press Release

Access National Merger Sparks Growth and Hiring

Company Release - 12/20/2017 11:49 AM ET

RESTON, Va.--(BUSINESS WIRE)-- Access National Bank’s ("Access" or the “Company”) April 2017 merger with Middleburg Bank ("Middleburg") has been the catalyst for unprecedented growth of the bank and professional additions to the expanding team.

“Most bank mergers are rationalized based on staff reductions and back office consolidation,” Michael Clarke, CEO of Access, said. “While we have had some of that due to position duplication, Access is taking advantage of its increased scale to leverage strengths in commercial banking, mortgage and wealth services. As a result, Access and its Middleburg Bank division are adding new positions to serve our clients’ diverse and complex needs.”

Mr. Clarke continued: “Expansion of our $2.9 billion asset bank has resulted in record growth beyond the combination of what the two banks ever achieved independently. Through the end of the third quarter of 2017, exclusive of merger accounting, the combined loan portfolios have grown $75.1 million YTD and the combined deposits have grown $200 million. This growth would not have been possible without the addition of new client-facing leadership throughout the year and continuing this month.”

Earlier this year, the Bank added executives Arch Moore III and David Leudemann to the Middleburg division.

Moore, previously a 16-year veteran of Middleburg, rejoined the organization in early June as EVP, Middleburg Market Executive, overseeing commercial banking for the Middleburg market. Moore is an experienced banker, having formerly advanced as Chief Lending Officer at Middleburg Bank and Acting CEO at Potomac Bancshares, Inc. in Charles Town, WV.

Leudemann joined in January and currently serves as EVP, Market Executive, overseeing commercial banking of the Middleburg division. His illustrious career spans 30 years, most recently as the Dulles Corridor Market President for BB&T.

Under the leadership of SVP Adam Nalls, the Bank is rapidly expanding its Government Contracting ("GovCon") division to provide amplified services for this critical industry. This expansion included welcoming seasoned GovCon banker Michael Marsden as VP, Government Contract Lending. Marsden brings more than 25 years of banking and commercial financing experience and has financed more than 400 companies — most with a concentration in GovCon.

Earlier this quarter, the Bank launched a new Automotive Dealership Banking segment, adding to Access' already sizeable commercial banking repertoire. Led by automotive industry expert Roy Giese, this new industry segment will integrate Access' robust commercial banking platforms to expedite the day-to-day operational cash flow of dealerships, allowing dealers to maintain their inventory financing relationship with the manufacturer. Giese's experience spans 30 years of managing dealer relationships in Virginia and Metro D.C. with First Virginia Bank and BB&T.

On the Commercial Lending side, Trang Nguyen-Do joined the Bank and operates out of Leesburg as SVP, Commercial Lending, and provides on-target credit and treasury management solutions to her growing portfolio of clients. Nguyen-Do's banking spans over 30 years serving in various business lending roles with SunTrust, Capital One, and most recently, BB&T.

Earlier in the year, Middleburg’s Commercial Lending added Donna Hickman, VP, Commercial Relationship Manager, to develop and manage new and existing business relationships at a concierge level. Her banking career began nearly 30 years ago as a management trainee with First Virginia Bank; she went on to hold various management and lending roles. Most recently, she led two branches at BB&T and served as a Market Leader.

Earlier this month, the Bank’s commercial lending team in Richmond expanded to include John Dane, SVP and Team Leader. Dane began his banking career with BB&T's Management Development Program. He later worked at numerous community banks serving the Tri-Cities area as well as a correspondent banker at Community Bankers' Bank in Midlothian.

In June, Joann Tobin, SVP, Treasury Management Sales Leader, joined Access at the Bank’s Reston headquarters, working in tandem with relationship managers to acquire, expand, and retain high-value, complex commercial operating accounts through the delivery of the treasury services which maximize cash flow efficiency and security. Tobin brings 30 years of treasury management experience at Cardinal Bank, Bank of America, M&T, Chase, and Citi.

In order to facilitate Access and Middleburg’s success with a sufficient infrastructure, operational roles have been added to support and lead the Bank’s accounting and credit departments.

Daniel Burnett, SVP, Principal Accounting Officer, joined Access with more than 25 years of providing professional financial management services, with a concentration in audit and accounting for the financial institution industry. Previously, he operated his own professional consulting company, Burnett Group, LLC, established in 2008. He is a CPA, licensed in Virginia and New York.

In September, the credit department welcomed Heather Skigen, SVP, Senior Credit Officer. Skigen brings 25 years of banking experience at the national and community bank levels. Most recently, she served as Chief Credit Officer for John Marshall Bank, overseeing credit underwriting, construction loan management, and loan reviews.

Access and Middleburg value the business generated and exceptional service delivered at the branch level, and have added tenured officers to better cater to the clients and communities they serve.

Newly added as VP, Financial Services Center and Relationship Manager, Tripta Sachdev works closely with different industry segments out of the Leesburg-Fort Evans branch. Before joining Access, Sachdev served both large and small community banks as a Vice President and Branch Manager, specializing in building connections with the business community and nonprofits.

Fairfax County native, Mansoor Bhatti was hired to lead the Manassas branch as VP, Relationship Manager, Business and Consumer Banking. Bhatti began working at Bank of America while attending George Mason University. He later served at BB&T for 12 years.

The Gainesville branch has welcomed its new VP, Client Services Manager, Diego Riveros to lead business development and deposit growth. Riveros comes to Access and Middleburg via Cardinal Bank (now part of United Bank) in Sterling, Virginia, where he worked as a Banking Center Manager. He has nearly 20 years of experience working in banking at the branch level – serving 11 years as United Bank’s Arlington Branch Manager.

Middleburg Trust Company added Harry Hudnall Ware IV, as VP, Client Relationship Manager earlier this month. Ware specializes in investment products for institutional and high net worth investors. He brings nearly 35 years of business development and relationship management experience to aid in the continued growth of the Company’s $1.9 billion of wealth assets under management.

Middleburg Investment Services ("MIS") is also growing its team to accommodate the increased business post-merger. VP, Financial Consulting, Joseph O'Malley and Financial Consultant, Tucker Holt have joined the MIS team to assist the division by providing holistic financial planning solutions.

O'Malley has managed client investments for nearly 15 years and became a Certified Financial Planner® (“CFP”) Professional 10 years ago. At MIS, he provides his clients a broad range of investment opportunities and any necessary guidance to help them achieve their financial goals and dreams.

Holt will leverage deep connections and be primarily focused on his clientele in his hometown of Warrenton and throughout Fauquier County, but his responsibilities extend across the entire Company footprint. He possesses prior experience working in the financial service industry at both a brokerage firm and boutique financial planning firm. Holt received his MBA from Mary Washington University.

“We are fortunate to have such a deep pool of talent serving our clients,” Clarke said. “As a combined organization, both the Access and Middleburg division teams are eager to expand further in 2018, positioned as the bank of choice within our desired market segments.”

As of this date, the Company is actively seeking to fill 20 positions to facilitate continued growth. Interested in joining the Access family? View all open positions at AccessNationalBank.com/careers.

Access National Bank was founded in 1999 by professional bankers and business people. It is an independent, nationally chartered bank based in Reston, Virginia that serves the Greater Washington DC Metropolitan area. In April 2017, the merger with Middleburg Bank (founded in 1924) was completed, creating Virginia’s premier bank with enhanced scale, improved efficiency and a well-diversified business model. Access National Bank is a subsidiary of Access National Corporation and trades on the NASDAQ Global Market under the symbol “ANCX.” Additional information is available at AccessNationalBank.com. Member FDIC.

Access National Bank
Michael Clarke, CEO, 703-871-2100

Source: Access National Bank