Middleburg Financial Corp.
| Nasdaq: MBRG
Similar to: Huntington Bancshares, Inc.
Middleburg Financial Corp. operates as a holding company with interest in providing commercial banking services. It conducts its operations through two wholly owned subsidiaries: Middleburg Bank and Middleburg Investment Group and offers a wide range of banking, fiduciary and investment management services available to both individuals and small businesses. The company services includes various types of checking and savings deposit accounts, and the making of business, real estate, development, mortgage, home equity, automobile and other installment, demand and term loans. It operates its business through three segments: Commercial & Retail Banking, Wealth Management and Mortgage Banking. The Commercial & Retail Banking segment consists of interest earned on loans and investment securities and service charges on deposit accounts. The Wealth Management segment comprises of fees based upon the market value of the accounts under administration as well as commissions on investment transactions. The Mortgage Banking segment consists of interest earned on loans and fees received as a result of the mortgage origination process. Middleburg Financial was founded in 1993 and is headquartered in Middleburg, VA.