RESTON, Va.--(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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