RESTON, Va. & MIDDLEBURG, Va.--(BUSINESS WIRE)--Access National Corporation (NASDAQ: ANCX) and Middleburg Financial Corporation (NASDAQ: MBRG), holding company for Access National Bank and Middleburg Bank, respectively, are pleased to announce the addition of David J. Leudemann to the Middleburg Bank Executive Team, serving as the Executive Vice President - Market Executive who will oversee commercial banking for Middleburg Bank. Mr. Leudemann will remain in a leadership role once the two organizations complete the pending merger, slated for second quarter 2017.

Mr. Leudemann has a long and illustrious banking career spanning over thirty years, most recently serving as the Dulles Corridor Market President for BB&T. Management of both Access National Bank and Middleburg Bank believe that Mr. Leudemann’s experience and leadership will create a stronger commercial-focused conduit between the two successful organizations upon their combination. In his new role at Middleburg Bank, Mr. Leudemann will help the organization maximize the opportunities presented by the pending merger with focus on bringing industry specific, locally delivered expertise to Loudoun’s business community including government contract lending, asset based lending, medical practice financing, SBA 504 and M&A financing. As both a Loudoun County market expert and resident, Mr. Leudemann views this rare local leadership role as an opportunity to positively impact the economy by investing in his own community. He currently serves on the Board of Directors for the Dulles Regional Chamber of Commerce and for Northern Virginia Family Service and is a member of the Committee for Dulles. He formerly served on the boards of several large nonprofits.

“The addition of Mr. Leudemann to the Middleburg team, coupled with investments in sophisticated online banking technologies to more effectively serve the government contracting sector and other commercial industries signifies an organizational recalibration hinged on delivering diversified capabilities,” stated John C. Lee, Chairman of the Board of Middleburg Financial Corporation and who will serve as Chairman of the combined organization upon completion of the merger. Mr. Lee is a highly respected executive in the data center industry who founded Lee Technologies, Inc., now Schneider Electric, which supports Fortune 1000 companies and government agencies, and he currently serves on the Board of the Northern Virginia Technology Council.

“We feel very fortunate to have a banker of David’s caliber join our dynamic organization following completion of the pending merger and contribute his commercial expertise,” stated Michael W. Clarke, CEO of Access National Corporation. “The hiring of David is an important next step to realizing our merger objectives announced in October 2016 where we remain committed to preserving the 92-year old Middleburg brand heritage and its loyal client base, while being able to offer expanded commercial banking capabilities along with true concierge private banking and wealth services to the broader Loudoun market,” continued Mr. Clarke.

The merger of Access National Corporation and Middleburg Financial Corporation, announced on October 24, 2016, represents the melding of two distinctive organizations to create Virginia’s premier bank with enhanced scale, improved efficiency and a well-diversified business model. The two companies have highly complementary businesses and geographic footprints. The anticipated mutual benefits of the merger for both organizations enables them to double in size, while Access National Bank will be able to further expand expertise in wealth management and private banking services, and Middleburg Bank will have additional capabilities in commercial lending and mortgage banking. Additionally, the two organizations are seeking to further strengthen their combination by hiring top talent to amplify the team of the combined organization after the merger. Mr. Leudemann’s appointment along with the potential hiring of other experienced well-known bankers reflects the organization’s commitment to aligning skilled staff with specific business lines.

About Access National Corporation.

Access National Corporation is the parent company of Access National Bank, a nationally chartered bank reporting assets of $1.4 billion based in Reston, Virginia. Access provides on-target financial services to middle market companies and their leadership in select industries around the National Capital Region. The focus is on operating companies reporting $1-100 million in revenue. The Company recently reported its 66th consecutive quarter of profitability over its history of 68 quarters or 17 years, and has declared consecutive quarterly dividends since the first quarter of 2006. Most recently, Access National was recognized for its consistent financial performance by the American Banker ranking #12 across the nation and ranked the highest among banking companies located in the Washington Metropolitan Market and across Virginia.

About Middleburg Financial Corporation.

Middleburg Financial Corporation is headquartered in Middleburg, Virginia and has two wholly owned subsidiaries, Middleburg Bank and Middleburg Investment Group, Inc. Middleburg Bank serves communities in Virginia with financial centers in Ashburn, Gainesville, Leesburg, Marshall, Middleburg, Purcellville, Reston, Richmond, Warrenton and Williamsburg. Middleburg Investment Group owns Middleburg Trust Company, which is headquartered in Richmond, Virginia with offices in Middleburg, Alexandria and Williamsburg.

About the Proposed Transaction and Where to Find It

As previously disclosed, Access and Middleburg have entered into an Agreement and Plan of Reorganization (the "Merger Agreement") pursuant to which Middleburg will merge with and into Access (the "Merger"). Access will be the surviving corporation in the Merger.