Access National Corp. / ANCX
About Access National Corp.
1800 Robert Fulton Dr., Suite 300, Reston, Va. 20191
www.accessnationalbank.com
| 703-871-2100
| Founded: 2002
Industry: Banking | Category: Banks
Access National is a holding company for Access National Bank, Access National Mortgage and Access National Leasing. In February, chief executive Michael W. Clarke said the company's stock had been "over-penalized for the current cyclical conditions and our own performance setbacks," and the board authorized the company to repurchase as many as 2 million shares. In particular, the mortgage brokerage was hit hard by turmoil in the credit markets, prompting it to halt its wholesale mortgage operations.
2007 Financial Data
Net Income: $3,702,000Asssets: $622,376,000 | Earnings Per Share: $0.31
Stockholder Equity: $57,961,000 | Annual Dividend: $0.04
Total employees: 271 | Local employees: 271
Company Leadership
| J. Randolph Babbitt | Director |
| Michael W. Clarke | Chief Executive Officer, President, Director |
| John W. Edgemond | Director |
| James L. Jadlos | Director |
| Thomas M. Kody | Director |
| Jacques Rebibo | Chairman |
| Robert C. Shoemaker | Executive Vice President, Director, Chief Credit Officer |
| Charles Wilmer | Executive Vice President and Chief Financial Officer |
Source: Compensation data provided by Equilar, Inc..
Did You Know
GROWTH SPURT: During 2007, the company opened two banking offices, in Leesburg and Manassas. That makes five, all in Virginia.
