MIDDLEBURG, Va., May 20, 2016 /PRNewswire/ -- Middleburg Financial Corporation (the "Company") (Nasdaq: MBRG) today announced that it has received approval from the Federal Reserve Bank of Richmond and the Commonwealth of Virginia State Corporation Commission to open a branch in Clarke County, located at 3 South Church Street in Berryville, Virginia. The Clarke County Financial Service Center, which is scheduled to open within the year, will be the 13th Middleburg Bank location in Virginia.
"Opening a Financial Service Center in Berryville reinforces our longstanding commitment to providing value and service to our clients and communities throughout Virginia," said Gary R. Shook, President and CEO of Middleburg Financial Corporation. "Continuing to expand our geographic footprint into attractive markets is an important pillar of our long-term strategic plan to enhance value for our shareholders, employees and clients. We are excited to extend our services into Clarke County, part of one of the strongest banking markets in the United States, where our brand of personalized banking will resonate with this vibrant, family-oriented community."
Jeff Culver, Chief Operating Officer of Middleburg Financial Corporation, commented, "The new Clarke County Financial Service Center will make it easier and more convenient for the residents and businesses in the area to access our full range of financial solutions. When people visit this new branch, they will experience community banking the way it is meant to be."
Berryville, located in the center of Clarke County, is contiguous to the Bank's core markets of Loudoun and Fauquier counties and has a similar profile and economy. The Financial Services Center will be located in the heart of downtown Berryville and will offer a full array of financial services, including personal and commercial banking, mortgage lending and investment and trust services.
About Middleburg Financial Corporation
Middleburg Financial Corporation (MBRG) is a bank holding company headquartered in Middleburg, Virginia. The Company conducts its primary operations through two wholly owned subsidiaries, Middleburg Bank and Middleburg Investment Group. Middleburg Bank was chartered in 1924 and operates full service financial service centers in Middleburg, Leesburg, Purcellville, Ashburn, Reston, Gainesville, Williamsburg, Warrenton, Richmond and Marshall, Virginia. Middleburg Investment Group is accessible at any financial service center and has offices in Alexandria, Middleburg, Richmond and Williamsburg.
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SOURCE Middleburg Financial Corporation