Access National Bank (NASDAQ: ANCX) today announced that Theodore Lauer, Senior Vice President, has been named co-winner of the U.S. Small Business Administration’s Financial Services Champion of the Year for the Washington Metropolitan Area District. During a ceremony at the Renaissance Hotel in Washington D.C., Mr. Lauer accepted the award for his work as the SBA Department Manager of Access National Bank, currently the district’s #1 ranked SBA lender among all banks through April 30, 2010 and the #1 ranked SBA lender among community banks for 2009.
“Despite the weakened economy, we have been proactive in lending affordable capital to viable small businesses to help them grow and create new jobs. Our work has been supported by the SBA fee waiver program provided by the American Recovery and Reinvestment Act, and we are hopeful that Congress will continue this program,” said Mr. Lauer. “We are grateful to the local SBA District office not only for this award, which is a credit to our SBA team, but also for the guidance and support that have enhanced our efforts.”
“Ted has been instrumental in the success of our SBA department, which has generated more loans than our larger competitors,” said Michael Clarke, President & CEO of Access National Bank, “We are proud of Ted’s experience, hard work, and dedication to serving small businesses in our local community.”
Access National Bank, an independent, nationally chartered bank serving the business community of the greater D.C. Metropolitan area, is a subsidiary of Access National Corporation, headquartered in Reston, Virginia with $637 million in assets reported as of March 31, 2010. Additional information is available on our website at www.AccessNationalBank.com. The shares of Access National Corporation are traded on the NASDAQ Global Market under the symbol "ANCX".This press release contains “forward-looking statements” within the meaning of the federal securities laws. These statements may be identified as “may”, “could”, “expect”, “believe”, anticipate”, “intend”, “plan” or variations thereof. These forward-looking statements may contain information related to those matters such as the Company’s intent, belief, or expectation with respect to matters such as financial performance. Such statements are necessarily based on assumptions and estimates and are inherently subject to a variety of risks and uncertainties concerning the Company’s operations and business environment, which are difficult to predict and beyond control of the company. Such risks and uncertainties could cause the actual results of the Company to differ materially from those matters expressed or implied in such forward-looking statements. For an explanation of certain risks and uncertainties associated with forward-looking statements, please refer to the Company’s Annual Report on Form 10-K and other SEC filings.