Website: N/A
Stock Symbol: NASDAQ: ANCX
Market Value: N/A (in millions)
Access National Corporation, (the “Corporation”) was organized June 15, 2002
under the laws of Virginia to operate as a bank holding company. The Corporation
has three wholly owned subsidiaries: Access National Bank, Access National
Capital Trust I and Access National Capital Trust II. Effective June 15, 2002,
pursuant to an Agreement and Plan of Reorganization dated April 18, 2002 between
the Corporation and Access National Bank (the “Bank”), the Corporation acquired
all of the outstanding stock of the Bank in a statutory share exchange
transaction. The Corporation does not have any significant operations and serves
primarily as the parent company for the Bank. Access National Capital Trust I
and Access National Capital Trust II were formed for the purpose of issuing
redeemable capital securities. The Corporation’s income is primarily derived
from dividends received from the Bank. These dividends are determined by the
Bank’s earnings and capital position.