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July 31, 2013 /PRNewswire/ -- The board of directors of Middleburg Financial Corporation (NASDAQ: MBRG) today announced a
$0.07 per common share cash dividend for shareholders of record as of
August 16, 2013, and payable on
August 30, 2013. This represents a dividend increase of
$.02 or 40% per share.
Gary R. Shook, President and Chief Executive Officer of Middleburg Financial Corporation commented, "We are certainly quite pleased to pass along a portion of our improved earnings in the form of a dividend increase for our shareholders. With this increase we are comfortable that we are well capitalized and able to handle the Company's continued growth going forward."
Middleburg 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. Middleburg Trust Company is headquartered in
Richmond, Virginia with offices in
Middleburg. Middleburg Financial Corporation is also the majority owner of Southern Trust Mortgage, which is based in
Virginia Beach and provides mortgages through offices in
North Carolina and
SOURCE Middleburg Financial Corporation