Access National Bank (NASDAQ: ANCX) announced today that it has launched a subsidiary Registered Investment Advisory firm, Access Capital Management, LLC (ACM), to service its affluent business client base. ACM specializes in servicing high net worth individual, corporate and not-for-profit clients, with an approach that is consistent with Access National’s high-level, “community focused” standards.
ACM’s unique, wealth advisory platform goes beyond traditional asset management, and centers upon specialty, global investment and administrative services, on a highly customized level. Executive officer and complex transaction-related services such as restricted stock plans, advanced wealth transfer strategies and Employee Stock Ownership Plans (ESOPs) are offered. Unique financial tools, such as enhanced cash management strategies and escrow services are available for both corporate and tax-exempt institutions. Additional tax-minimizing vehicles, offering enhancements to Access’ broad mix of traditional banking products, are also available through ACM’s robust, open architecture investment platform.
Access National is proud of the extensive, customized service offering that ACM brings to its mix of specialty service companies. Being the leader in SBA loan origination in the DC Metro region as of September 2010 1, Access National plans to continue focusing on increased loan growth while simultaneously providing unique investment and asset management services to core customers. President and CEO Michael W. Clarke notes, “With the addition of ACM, our bank’s product and service offerings are extensive and extremely high level. Our expert asset management team brings a tremendous amount of experience and value to our customers. We now have all the global research tools and expertise that the mega-banks have, but with our signature caring service and community presence. It’s the best of both worlds.”
Access Capital Management, LLC is co-directed by Jacolyn Wetmore and Devereaux Phelps. Ms. Wetmore and Mr. Phelps both have long-standing careers in specialty investment management and private banking. They, along with their expert team, have a combined history of over 55 years in the industry. For more information on ACM, its professionals and its unique services, please visit their website at www.AccessCapitalManagement.com.For questions or more information, please contact: Jacolyn Wetmore, Director, Client Services, Access Capital Management, LLC, 703-871-1336 or firstname.lastname@example.org 1 U.S. Small Business Administration Washington Metropolitan Area district office lender ranking (7(a) Loan Guarantees and 504 Debentures) September 2010. ( http://www.sbaonline.sba.gov/idc/groups/public/documents/dc_washington_dc/dc_lender_sep2010.pdf ) 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.