MIDDLEBURG, Va., July 8, 2016 /PRNewswire/ -- Middleburg
Financial Corporation (the "Company") (Nasdaq: MBRG) today
announced that it has been added to the Russell 3000® Index as part
of Russell Investments' annual reconstitution of its stock indexes.
In addition, the Company announced that it has received a 5-Star
"Superior" rating for financial strength from BauerFinancial, Inc.,
the nation's leading independent bank rating firm.
Gary R. Shook, President and CEO
of Middleburg Financial Corporation, said, "Being added to the
Russell 3000®
Index is a significant milestone for the Company, and we are
excited to leverage this opportunity to increase our visibility and
exposure within the investment community. We are also very
proud to once again receive a 5-Star rating from BauerFinancial, a
well-respected, independent voice in the banking community.
Both of these accolades highlight the continued strength, stability
and security of Middleburg Bank, and we look forward to building on
our momentum as we execute on our strategic initiatives to drive
value for clients and shareholders."
Annual reconstitution of the Russell U.S. indexes captures the
largest U.S. stocks at the end of May, ranking them by total market
capitalization. FTSE Russell determines membership for its
Russell indexes by objective,
market-capitalization rankings and style attributes. Membership in
the U.S. all-cap Russell
3000® Index remains in place for one year.
Indexes provided by FTSE Russell, a leading global index
provider, are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies.
BauerFinancial Inc., the nation's leading bank rating firm, has
been providing bankers and consumers with independent ratings since
1983. BauerFinancial, Inc. rates all banks and credit unions on a
zero-to-five star scale with 5-Stars, or Superior, being the
strongest rating. A 5-Star rating indicates, among other things,
that the institution has at least twice the capital strength that
regulators require, the institution is sufficiently profitable, and
has kept its delinquent loans in check.
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.
Forward-Looking Statements
Certain information contained in this discussion may include
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements relate to the Company's future operations and are
generally identified by phrases such as "the Company expects," "the
Company believes" or words of similar import. Although the Company
believes that its expectations with respect to the forward-looking
statements are based upon reliable assumptions within the bounds of
its knowledge of its business and operations, there can be no
assurance that actual results, performance or achievements of the
Company will not differ materially from any future results,
performance or achievements expressed or implied by such
forward-looking statements. For details on factors that could
affect expectations, see the Company's Annual Report on Form 10-K
for the year ended December 31, 2015,
as filed with the Securities and Exchange Commission.
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SOURCE Middleburg Financial Corporation