Access National (ANCX) to Acquire Middleburg Financial (MBRG) in ~$233M Deal
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Access National Corporation and Middleburg Financial Corporation Announce Strategic Merger
October 24, 2016 6:50 AM EDTRESTON, Va. and MIDDLEBURG, Va., Oct. 24, 2016 /PRNewswire/ --Â Access National Corporation (NASDAQ: ANCX) ("Access National") and Middleburg Financial Corporation (NASDAQ: MBRG) ("Middleburg") today announced the signing of a definitive agreement to combine in a strategic merger.
The combination creates 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 combination will have greater market reach and product offerings that will enable significant opportunities for growth. Access National's expertise in business banking,... More
