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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

 

December 20, 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 December 20, 2018, Access National Bank, a wholly owned subsidiary of Access National Corporation, issued a press release offering support to businesses affected by the potential government shutdown or disruption.  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 December 20, 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: December 27, 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 Offers Support to Businesses Affected by Potential Government Shutdown or Disruption

RESTON, Va.--(BUSINESS WIRE)--December 20, 2018--As threats of a potential government shutdown and disruption of funds gain momentum, Access National Bank (“Access”) reaffirms its promise to assist government contractors and other impacted businesses in the wake of political and fiscal turbulence.

“During periods of government uncertainty that can impact the finances of the private sector, we feel it is important to contact your bank to see what pragmatic solutions they can offer,” said Mark Moore, President of Access.

Clients of the Bank reported challenges associated with the 2013 shutdown and concerns of a similar nature arising earlier this year. Access retains a variety of short-term options for its commercial banking clients.

The banking team at Access and its Middleburg Bank division work one-on-one with clients to reduce cash flow funding disruptions in industry-specific segments. Government Contracting, in particular, is the Bank’s No. 1 industry vertical.

“We take our role as trusted advisors seriously, especially in this vital segment of the economy,” Moore added. “We stand behind our clients and can provide adjustments to conventional borrowing and modifications to existing loan terms to ensure a continuation of cash flow.”

“We have been down this path before—and there is no published ‘playbook’ to follow, per se,” said Adam Nalls, SVP and leader of the Bank’s Government Contracting segment. “However, our team has the experience to swiftly provide a nuanced approach to problem-solving.”

Both Moore and Nalls encourage any business affected by a potential government shutdown or disruption or other challenges to contact an Access banking relationship manager to discuss resolutions, questions, and concerns.

“Regardless of whether or not Congress and the Executive branch reach an agreement, the looming dynamics underscore why businesses must feel secure about their banking relationships,” Moore said.

Access National Bank and its Middleburg Bank division collectively serve the needs of businesses with $1-$200 million in revenue, as well as high-net-worth individuals and families in Metro Washington, D.C. Headquartered in Reston, Virginia, Access National Bank and its Middleburg Bank division are subsidiaries of Access National Corporation, which includes divisions specializing in residential mortgage lending and trust and wealth management. Access National Corporation trades on the NASDAQ Global Market under the symbol "ANCX." Additional information is available at AccessNationalBank.com. Member FDIC.

CONTACT:
Mark D. Moore
President
703-871-2100

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