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Middleburg Financial Corporation (MBRG)

17.78 Down 0.03(0.17%) 4:00PM EDT
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Middleburg Financial Corporation
111 West Washington Street
Middleburg, VA 20117
United States - Map
Phone: 703-777-6327

Index Membership:N/A
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:352

Business Summary 

Middleburg Financial Corporation operates as the bank holding company for Middleburg Bank that provides various banking products and services to individuals, and small and medium-sized businesses. The company offers various deposit accounts, such as demand and interest checking, money market, savings, and time deposit accounts. Its loan portfolio includes construction loans comprising residential loans, and land acquisition and development loans; commercial business loans; residential mortgage loans; commercial real estate loans; one-to-four-family residential real estate loans; consumer loans, including unsecured personal loans and lines of credit, automobile loans, deposit account loans, and installment and demand loans; and home equity loans. The company also provides Internet banking, travelersÂ’ checks, money orders, safe deposit rentals, collections, notary public, and wire services, as well as mortgage banking services to residential borrowers in five states in the Southeastern United States. In addition, it offers investment management and fiduciary services, including trust and estate settlement, as well as serves as an escrow agent, attorney-in-fact, and guardian of property or trustee of an IRA. As of December 31, 2012, the company operated 12 branches in the Virginia communities of Ashburn, Gainesville, Leesburg, Marshall, Middleburg, Purcellville, Reston, Richmond, Warrenton, and Williamsburg. Middleburg Financial Corporation was founded in 1924 and is headquartered in Middleburg, Virginia.

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Corporate Governance 
Middleburg Financial Corporation’s ISS Governance QuickScore as of Apr 1, 2014 is 6. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 6; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Gary Ross Shook , 53
Chief Exec. Officer, Pres, Director, Member of Investment Committee, Chief Exec. Officer of Middleburg Bank, Pres of Middleburg Bank and Director of Middleburg Bank
Mr. Rajesh Desraj Mehra , 53
Chief Financial Officer, Exec. VP and Treasurer
Mr. Jeffery H. Culver , 45
Chief Operating Officer, Sr. Exec. VP and Corp. Sec.
Mr. David L. Hartley , 50
Chief Exec. Officer of Middleburg Investment Group and Pres of Middleburg Investment Group
Mr. Gary D. LeClair , 58
Director and Member of Audit Committee
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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