Summary of MIDDLEBURG FINANCIAL CORP

Item 2.02. Results of Operations and Financial Condition.

As discussed in "Item 7.01. Regulation FD Disclosure" below, management of Middleburg Financial Corporation (the "Company") presented certain information regarding the Company's results for the first quarter of 2009 at its Annual Meeting of Shareholders on April 22, 2009. The information set forth under "Item
7.01. Regulation FD Disclosure" is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure

During the course of the Annual Meeting of Shareholders on April 22, 2009, management of the Company presented financial and other information to those present. The slides for the presentation are attached as Exhibit 99.1 to this Current Report and are incorporated by reference into this Item 7.01.

This information is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. The filing of this Current Report shall not be deemed an admission as to the materiality of any information in the Current Report that is required to be disclosed solely by reason of Regulation FD.

A cautionary note about forward-looking statements: This Current Report may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can include statements about estimated cost savings, plans and objectives for future operations and expectations about the Company's financial and business performance as well as economic and market conditions. They often can be identified by the use of words like "expect," "may," "could," "intend," "project," "estimate," "believe" or "anticipate." By their nature, forward-looking statements are based on assumptions and are subject to risks, uncertainties, and other factors. You are cautioned that actual results may differ materially from those contained in the forward-looking statement.

Any forward-looking statements are intended to speak only as of the date of this Current Report, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the forward-looking statement is made or to reflect the occurrence of unanticipated events.