Access National Bank Offers Support to Businesses Affected by Potential Government Shutdown or Disruption
December 20 2018 - 11:01AM
Business Wire
As threats of a potential government shutdown and disruption of
funds gain momentum, Access National Bank (“Access”) reaffirms its
promise to assist government contractors and other impacted
businesses in the wake of political and fiscal turbulence.
“During periods of government uncertainty that can impact the
finances of the private sector, we feel it is important to contact
your bank to see what pragmatic solutions they can offer,” said
Mark Moore, President of Access.
Clients of the Bank reported challenges associated with the 2013
shutdown and concerns of a similar nature arising earlier this
year. Access retains a variety of short-term options for its
commercial banking clients.
The banking team at Access and its Middleburg Bank division work
one-on-one with clients to reduce cash flow funding disruptions in
industry-specific segments. Government Contracting, in particular,
is the Bank’s No. 1 industry vertical.
“We take our role as trusted advisors seriously, especially in
this vital segment of the economy,” Moore added. “We stand behind
our clients and can provide adjustments to conventional borrowing
and modifications to existing loan terms to ensure a continuation
of cash flow.”
“We have been down this path before—and there is no published
‘playbook’ to follow, per se,” said Adam Nalls, SVP and leader of
the Bank’s Government Contracting segment. “However, our team has
the experience to swiftly provide a nuanced approach to
problem-solving.”
Both Moore and Nalls encourage any business affected by a
potential government shutdown or disruption or other challenges to
contact an Access banking relationship manager to discuss
resolutions, questions, and concerns.
“Regardless of whether or not Congress and the Executive branch
reach an agreement, the looming dynamics underscore why businesses
must feel secure about their banking relationships,” Moore
said.
Access National Bank and its Middleburg Bank division
collectively serve the needs of businesses with $1-$200 million in
revenue, as well as high-net-worth individuals and families in
Metro Washington, D.C. Headquartered in Reston, Virginia, Access
National Bank and its Middleburg Bank division are subsidiaries of
Access National Corporation, which includes divisions specializing
in residential mortgage lending and trust and wealth management.
Access National Corporation trades on the NASDAQ Global Market
under the symbol "ANCX." Additional information is available at
AccessNationalBank.com. Member FDIC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181220005562/en/
Mark D. MoorePresident703-871-2100
Access National Corp. (NASDAQ:ANCX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Access National Corp. (NASDAQ:ANCX)
Historical Stock Chart
From Jul 2023 to Jul 2024