1,700,000 Shares Middleburg Financial Corporation Common Stock par value $2.50 per share UNDERWRITING AGREEMENT July 27, 2009Underwriting Agreement • July 28th, 2009 • Middleburg Financial Corp • National commercial banks • New York
Middleburg Financial Corporation, a Virginia corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to Scott & Stringfellow, LLC (the “Underwriter”) 1,700,000 shares (the “Firm Securities”) of common stock, $2.50 par value, of the Company (the “Common Stock”) and at the election of the Underwriter, up to 208,598 additional shares (the “Optional Securities”) of Common Stock, to cover overallotments, if any (the Firm Securities and the Optional Securities that the Underwriter elect to purchase pursuant to Section 2 hereof being collectively called the “Securities”).
