Ed Grier Elected to Board of Directors of Middleburg Trust Company

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Jun 17, 2014, 05:31 ET

RICHMOND, Va., June 17, 2014 /PRNewswire/ -- Middleburg Trust Company, a subsidiary of Middleburg Financial Corporation (NASDAQ: MBRG), announced that Ed Grier has joined its Board of Directors. Mr. Grier currently serves as the Dean of the Virginia Commonwealth University School of Business. In this role he has brought national attention and rankings for the VCU School of Business and a renaissance of corporate and community partnerships.

David Hartley, President and CEO of Middleburg Investment Group commented, "Mr. Grier's professional experience and community relationships will be an exceptional complement to our Board of Directors. We are very excited about him joining us and we look forward to working with him."

Before joining VCU, Grier spent 29 years with the Walt Disney Company, a member of the Fortune 500. As President of Disneyland Resort, an operation that comprises nearly $2 billion in annual revenue, 20,000 employees, and 15 labor unions, he was responsible for growing operating income and cutting costs by record-setting amounts, as well as successfully negotiating eight union agreements to ensure long-term labor stability and growth.

His numerous leadership roles have given him the expertise necessary for successful corporate and school endeavors, including brand management, finance and planning, marketing, public relations, and administration.

Grier earned his Bachelor of Business Administration in Accounting from Duquesne University in 1977 before starting his career as a CPA and auditor at Ernst and Young. He joined Disney in 1981 and Virginia Commonwealth University in 2010.

Since arriving at VCU, Grier has taken an active role in the Central Virginia community, serving as a board member of the Colonial Williamsburg Foundation, the Richmond Forum, and ChildFund International. He also serves as a trustee of Brandman University, part of the Chapman University System in California.

About Middleburg Trust Company
Middleburg Trust Company was established as Virginia's first independent trust company in January of 1994 and in 1998 joined Middleburg Bank to form Independent Community Bankshares (renamed Middleburg Financial Corporation, effective May 15, 2002). Today, Middleburg Trust Company's headquarters in downtown Richmond and location in the New Town area of Williamsburg serve the Central Virginia region and offices in Middleburg and Alexandria, Virginia, serve the northern part of the Commonwealth. Currently, the assets under management and accountability of Middleburg Trust Company are in excess of $1 billion.

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.