Reston, Va., USA - June 22, 2015, Reston, Va., USA - Access National Corporation, the parent company for Access National Bank, announced several changes to the board of directors of both companies, all made on and effective June 18, 2015.
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Non-executive Chairman James Jadlos resigned from the Board citing the need to focus significant time and energy on a new, non-competing business interest in Secondary Capital Holdings, LLC.
Mr. Jadlos served as a Director of the Company and of its lead subsidiary, Access National Bank, since 2000.
Director Michael Anzilotti was elected by the Board as non-executive Chairman to succeed Mr. Jadlos.
Prior to joining the Access Board in February 2014, Mr. Anzilotti served as a Director of the Virginia Commerce Bancorp, Inc. until its acquisition by United Bancorp, Inc. on January 31, 2014. Mr. Anzilotti was President of Arlington Virginia based VCBI from 2004 until his retirement in July 2010.
Prior to that, he served as President and CEO of First Virginia Bank from 1995-2004, the leading northern Virginia predecessor to BB&T (NYSE: BBT).
Outside of his banking experience, Mr. Anzilotti has served in a variety of community leadership positions that include: Board Member, Virginia Tech Board of Visitors; Chairman, George Mason University Foundation; Chairman, Northern Virginia Community College Educational Foundation; Chairman, Fairfax County Chamber of Commerce; and Chairman, Virginia State Chamber of Commerce.
Mr. Anzilotti graduated from Virginia Tech with a B.S. in Marketing before earning an MBA at George Mason University.
He also graduated from the Stonier School of Banking and holds an Honorary Doctorate from George Mason University as well as an Honorary Associates Degree from the Northern Virginia Community College.
Director Martin Friedman was elected by the Board to the newly created position of Vice Chairman.
Mr. Friedman has served as a Director of the Company since 2009.
He is co-founder and CEO of FJ Capital Management, an investment fund firm based in McLean, VA, since 2008. Additionally, he currently serves on the Board of Directors and Compensation Committee of Anchor Bancorp Wisconsin, Inc., holding company for AnchorBank FSB, a federal savings bank located in Madison, Wisconsin.
He was previously Director of Research for Friedman, Billings, Ramsey Group, a research and securities trading firm, from 1998 to 2007.
Prior to that, he was a securities analyst with the same firm from 1992 to 1998. Mr. Friedman served on the Board of Directors for Guaranty Savings Bank in Metairie, Louisiana from 2008 to 2009. ■