Access National Non-Executive Chairman Jadlos Resigns, Anzilotti Steps In

(RTTNews) - Access National Corp (ANCX) on Friday said its non-executive Chairman James Jadlos resigned from the board citing the need to focus time on a new, non-competing business interest in Secondary Capital Holdings LLC. Jadlos served as a director of the company and of its lead subsidiary, Access National Bank, since 2000.

The company also said it has elected Director Michael Anzilotti to succeed Jadlos as non-executive chairman. Prior to joining the Access board in February 2014, Anzilotti served as a director of Virginia Commerce Bancorp Inc until its acquisition by United Bancorp Inc.

Also, Director Martin Friedman was elected by the company to the newly created position of vice chairman. Friedman has served as a director of the company since 2009. He is co-founder and CEO of FJ Capital Management.