MIDDLEBURG, Va., July 11 /PRNewswire-FirstCall/ -- Middleburg Financial Corporation , a bank holding company, announced today the pricing of a public offering of 590,000 shares of its common stock at $31 per share. The transaction is scheduled to close on July 14, 2006. An additional 86,552 shares of common stock may be issued upon exercise of an option granted to the underwriters to cover over-allotments.
The lead underwriter and sole book-running manager for the offering is Scott & Stringfellow, Inc. with Davenport & Company LLC acting as a co- manager. Copies of the prospectus relating to this offering may be obtained by contacting James A. Tyler, at Scott & Stringfellow, Inc. 909 East Main Street, Richmond, Virginia 23218.
Middleburg Financial Corporation is headquartered in Middleburg, Virginia, and has two wholly owned subsidiaries, Middleburg Bank and Middleburg Investment Group (MIG). Middleburg Trust Company (MTC) and Middleburg Investment Advisors (MIA) are part of MIG. Middleburg Bank serves Loudoun, Fairfax and Fauquier Counties in Virginia with seven financial service centers. Middleburg Trust Company is headquartered in Richmond, Virginia, with an office in Middleburg, Virginia. Middleburg Investment Advisors, Inc., is a registered investment advisor located in Alexandria, Virginia.
