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Section 1: 8-K (ACCESS NATIONAL CORPORATION 8-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

 

May 18, 2018

Date of Report

(Date of earliest event reported)

Access National Corporation

(Exact name of registrant as specified in its charter)

Virginia

 

000-49929

 

82-0545425

(State or other

jurisdiction of incorporation)

(Commission

File Number)

(IRS Employer Identification No.)

 

1800 Robert Fulton Drive, Suite 300, Reston, VA  20191

(Address of principal executive offices) (Zip Code)

 

(703) 871-2100

(Registrant’s telephone number, including area code)

 

n/a

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

          Emerging growth company       

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                    


Item 8.01

Other Events.

On May 18, 2018, Access National Corporation (the “Company”), holding company for Access National Bank, issued a press release announcing the hiring of Matthew Johnson as Senior Vice President and Treasurer.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.


Item 9.01

Financial Statements and Exhibits.

(a) - Not applicable.
 
(b) - Not applicable.
 
(c) - Not applicable.
 
(d) Exhibits.
 

Exhibit 99.1

Press release dated May 18, 2018.


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ACCESS NATIONAL CORPORATION

(Registrant)

 
 
Date: May 22, 2018 By:

/s/ Michael W. Clarke

Name:

Michael W. Clarke

Title:

President & Chief Executive Officer

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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit 99.1

Access National Bank Adds Treasurer Matthew Johnson

RESTON, Va.--(BUSINESS WIRE)--May 18, 2018--Access National Corporation (NASDAQ: ANCX), holding company of its primary subsidiary Access National Bank (the “Bank”), welcomes Matthew Johnson to its financial leadership team as Senior Vice President and Treasurer of the Bank effective June 1, 2018.

Mr. Johnson has more than 30 years in financial management, with expertise in the financial services industry. Most recently, he served as Executive Vice President and Chief Financial Officer of the $2.1 billion WashingtonFirst Bankshares, Inc. (WFBI) for 15-years until its sale to Sandy Spring Bancorp (SASR). In his capacity at WashingtonFirst, Mr. Johnson had responsibility for all financial reporting compliance, liquidity management, asset-liability management functions and execution of equity offerings and corporate transactions.

According to Access CEO Michael Clarke: “We are honored to have Matt join our leadership team, bringing his financial acumen to our growing company. We have always admired Matt as a knowledgeable and adept cross-town competitor. He is known as a leader and collaborator focused on working smart to get the job done. He will be a great addition and will fit naturally into our hard working and ambitious culture.”

Mr. Johnson added, “I have watched and competed with the Access team’s success for many years. I know we will work well together to maximize the opportunities afforded to the company and its shareholders stemming from the 2017 merger with Middleburg Financial. Together with CFO Meg Taylor, we will ensure there is a solid finance function and foundation going forward to support meaningful growth and success.”

As of March 31, 2018, Access National Corporation reported total assets of $2.8 billion and reported earnings of $8.1 million or $0.39 per diluted share for the period then ended.

Access National Bank was founded in 1999 by professional bankers and business people. It is an independent, nationally-chartered bank based in Reston, Virginia that serves the Greater Washington DC Metropolitan area. In April 2017, Access National Bank completed a merger with Middleburg Bank (founded in 1924), creating Virginia’s premier bank with enhanced scale, improved efficiency, and a well-diversified business model. Access National Bank is a subsidiary of Access National Corporation and trades on the NASDAQ Global Market under the symbol “ANCX.” Member FDIC.

CONTACT:
Access National Corporation
Michael Clarke, CEO
703-871-2100

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