Access National Bank Continues to Enhance Its Focus on Government Contractor Lending
December 05 2017 - 12:56PM
Business Wire
Access National Bank (“the Bank”) is expanding its Government
Contracting (“GovCon”) division to provide amplified services for
this critical industry.
The most strategic and vital component to the Bank’s involvement
in the GovCon community is a tenured staff with a combined 150+
years of industry experience which they leverage to provide
on-target, customized solutions to each client.
Under the new leadership of Adam Nalls, SVP, Commercial Lending
and Government Contracting Team Leader, the GovCon segment of the
Bank provides a creative approach to asset-based lending, merger
& acquisition (M&A) financing, and leveraged financing.
Mr. Nalls is an eight-year veteran of Access National, and is
involved with the Small and Emerging Contractors Advisory Forum
(SECAF).
“The Washington, D.C. Metro area thrives on government
contracting, and this sector is at the very core of our customer
base,” Nalls said. “As a local bank, Access National understands
the industry in both a business and geographical sense.”
Most recently, the Bank welcomed Michael Marsden, VP, Government
Contract Lending. He adds more than 25 years of banking and
commercial financing experience, and has financed more than 400
companies – most with a concentration in GovCon.
Marsden is a committee member of the National Defense Industrial
Association (NDIA) and is an active member of the National Contract
Management Association (NCMA). He also volunteers on weekends at
Vinson Hall, a retirement community in McLean, Virginia for retired
officers from the United States Military.
“Having been part of this industry for so long, I’ve witnessed a
sundry of banking processes,” said Marsden. “Access National Bank’s
innovative banking platforms provide government contractors the
logistics they seek on an individual level.”
President Mark Moore joined the Bank in 2016, having previously
worked in the GovCon and technology sectors for more than 30 years.
Along with more than two decades of commercial banking focus in
these sectors, Moore served as a partner at two distinguished
investment banking firms, specializing in M&A advisory
services, private equity investments, and capital formation
support. He is also involved with SECAF with Mr. Nalls.
Additionally, the Bank offers the benefit of being a Preferred
SBA lender to assist in growing government contracting
organizations of all sizes. With the recent merger with Middleburg
Bank, Access National Bank has increased its legal lending limit to
$35 million, and is now able to offer the benefits of Middleburg
Bank’s trust banking and wealth services platforms.
Access National Bank was founded in 1999 by professional bankers
and businesspeople. It is an independent, nationally-chartered bank
based in Reston, Virginia that serves the Greater Washington, D.C.
Metropolitan area. In April 2017, the merger with Middleburg
Bank (founded in 1924) was completed, 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”. Additional information is
available at AccessNationalBank.com. Member FDIC.
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