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June 27, 2012 /PRNewswire/ -- Middleburg Financial Corporation (NASDAQ: MBRG) announced that it has been added to the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market.
"We are proud to be included in the Russell 3000 Index," said
Gary R. Shook, president and Chief Executive Officer of Middleburg Financial Corporation. "This index represents a broad range of publicly traded companies and we feel honored to be included among this group of outstanding companies," Shook added.
The Russell 3000 Index is rebalanced each year based on a company's market capitalization as of
May 31, and this year it added 197 companies, including 39 that went public in the last year. The Russell 3000 Index is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected.
About Middleburg Financial CorporationMiddleburg Financial Corporation is headquartered in
Middleburg, Virginia and has two wholly owned subsidiaries, Middleburg Bank and Middleburg Investment Group, Inc. Middleburg Bank serves communities in
Virginia with financial centers in
Williamsburg. Middleburg Investment Group owns Middleburg Trust Company, which is headquartered in
Richmond, Virginia with offices in
Williamsburg. Middleburg Financial Corporation is also the majority owner of Southern Trust Mortgage, which is based in
Virginia Beach and provides mortgages through 16 offices in 8 states.
SOURCE Middleburg Financial Corporation