MIDDLEBURG, Va., June 20, 2016 /PRNewswire/ -- Middleburg Financial Corporation (the "Company") (Nasdaq: MBRG) today announced that it is enhancing its Treasury Management offering, including a dedicated line of business to support the Company's corporate relationship strategy. As part of this initiative, the Company announced that Christina Hjelmquist, former Treasury Management Officer of Xenith Bank, has been appointed Vice President, Treasury Services Program Manager.
A strong approach and delivery of Treasury Management services are the keystones to developing and maintaining successful commercial and business relationships. Middleburg Bank's offering includes a robust suite of products and services that balance the interaction between the clients' inventory, receivables and payables – maintaining an optimized cash flow and credit position. The Company's dedicated Treasury Management line of business includes additional support and sales personnel and enhanced electronic capabilities to ensure that the Bank is best positioned to meet its clients' Treasury and Cash Management needs.
"We are pleased to further enhance our Treasury Management offerings and welcome Christina to our team," said Gary R. Shook, President and CEO of Middleburg Financial Corporation. "With dedicated Treasury Management services, Middleburg Bank will continue to deepen client relationships, enhance client satisfaction and retention, increase fee income, and improve our competitive position. Christina joins us with significant expertise in treasury management and we look forward to benefitting from her experience as we continue to enhance value for our clients, partners and shareholders."
"Middleburg Bank is an admired and leading community bank with excellent growth prospects," said Christina Hjelmquist. "I am thrilled to join the Company and look forward to working with the talented team. We will continue to deliver superior client service and enhance market positioning through the Treasury Management line of business."
Hjelmquist has more than 15 years of experience in executive services, cash management and business development, as well as a proven track record of identifying opportunities to improve processes by implementing innovative business solutions. Most recently, she served as Treasury Management Officer of Xenith Bank, where she established commercial account planning and cash management services, acquired and developed local banking relationships, and educated lenders on product and service offerings to better identify customer needs. Prior to that, Hjelmquist held a variety of other senior positions at SFMC, Inc., Virginia Heritage Bank, and Access National Bank. She graduated from Fachakademie für Sozialpädagogik in Germany with an Associate's Degree in Fine Arts and Elementary Education.
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/middleburg-financial-corporation-enhances-treasury-management-offering-with-dedicated-line-of-business-300287317.html
SOURCE Middleburg Financial Corporation