Access National Bank Offers Support to Businesses Affected by Impending Government Shutdown
February 08 2018 - 5:25PM
Business Wire
With the threat of government shutdown becoming more imminent by
the hour, Access National Bank (“Access” or “the Bank”) is doubling
down on its promise to assist government contractors and other
businesses in the wake of political turbulence.
“Given the uncertainty of our elected officials passing a
longer-term budget, now is the time to see what pragmatic solutions
your bank has during a government shutdown,” Mark Moore, President
of Access National Bank, said.
Clients of the Bank reported challenges associated with the 2013
shutdown, which led Access to adopt short-term adjustments in its
commercial banking options.
“Adjustments to conventional borrowing base protocol and
modifications to existing loan terms can ensure a continuation of
cash flow,” Moore added.
The banking team at Access and its Middleburg Bank division work
one-on-one with its clients to reduce cash flow funding disruptions
in industry-specific segments. Government Contracting, in
particular, is the Bank’s No. 1 industry vertical.
“Our role as trusted advisers is to be ready for anything,” Adam
Nalls, SVP & Team Leader, Government Contractor Lending, for
the Bank, said. “Unfortunately, there’s no ‘tried and true’ roadmap
to lead us there. But, our staff has the experience to provide a
more nuanced approach for problem-solving.”
Both Moore and Nalls encourage any business affected by
impending government shutdowns to contact its banking relationship
manager to discuss resolutions, questions, and concerns.
“Regardless if Congress and the Executive branch reach an
agreement, the looming dynamic underscores why businesses must feel
secure about their banking relationships,” Moore said.
Access National Bank was founded in 1999 by professional bankers
and business people. It is an independent, nationally chartered
bank based in Reston, Virginia that serves the Greater Washington
DC 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 www.AccessNationalBank.com. Member FDIC.
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Access National BankMichael Clarke, CEO703-871-2100
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