MIDDLEBURG, Va., June 20, 2016 /PRNewswire/ -- Middleburg
Financial Corporation (the "Company") (Nasdaq: MBRG) today
announced that it is enhancing its Treasury Management offering,
including a dedicated line of business to support the Company's
corporate relationship strategy. As part of this initiative, the
Company announced that Christina
Hjelmquist, former Treasury Management Officer of Xenith
Bank, has been appointed Vice President, Treasury Services Program
Manager.
A strong approach and delivery of Treasury Management services
are the keystones to developing and maintaining successful
commercial and business relationships. Middleburg Bank's
offering includes a robust suite of products and services that
balance the interaction between the clients' inventory, receivables
and payables – maintaining an optimized cash flow and credit
position. The Company's dedicated Treasury Management line of
business includes additional support and sales personnel and
enhanced electronic capabilities to ensure that the Bank is best
positioned to meet its clients' Treasury and Cash Management
needs.
"We are pleased to further enhance our Treasury Management
offerings and welcome Christina to our team," said Gary R. Shook, President and CEO of Middleburg
Financial Corporation. "With dedicated Treasury Management
services, Middleburg Bank will continue to deepen client
relationships, enhance client satisfaction and retention, increase
fee income, and improve our competitive position. Christina joins
us with significant expertise in treasury management and we look
forward to benefitting from her experience as we continue to
enhance value for our clients, partners and shareholders."
"Middleburg Bank is an admired and leading community bank with
excellent growth prospects," said Christina
Hjelmquist. "I am thrilled to join the Company and look
forward to working with the talented team. We will continue to
deliver superior client service and enhance market positioning
through the Treasury Management line of business."
Hjelmquist has more than 15 years of experience in executive
services, cash management and business development, as well as a
proven track record of identifying opportunities to improve
processes by implementing innovative business solutions. Most
recently, she served as Treasury Management Officer of Xenith Bank,
where she established commercial account planning and cash
management services, acquired and developed local banking
relationships, and educated lenders on product and service
offerings to better identify customer needs. Prior to that,
Hjelmquist held a variety of other senior positions at SFMC, Inc.,
Virginia Heritage Bank, and Access
National Bank. She graduated from Fachakademie für Sozialpädagogik
in Germany with an Associate's
Degree in Fine Arts and Elementary Education.
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.
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SOURCE Middleburg Financial Corporation