Access National in Reston, Va., said Chairman James "Ted" Jadlos resigned to focus on a mortgage-related business.

The $1.1 billion-asset company elected as chairman Michael Anzilotti, who had been a board member. Access also elected board member Martin Friedman as vice chairman. The changes took place on Thursday. Michael Clarke remains chief executive of Access.

Jadlos, who had been an Access director since 2000, resigned to "focus significant time and energy" on Secondary Capital Holdings, which Access described in a regulatory filing as a "new, non-competing business interest."

Anzilotti has been an Access director since February 2014. He previously served on the board of Virginia Commerce Bancorp, where he also worked as president, and he was chief executive of BB&T predecessor First Virginia Bank.

Friedman has served on Access's board since 2009 and he's also on the board of Anchor BanCorp Wisconsin.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.