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<TITLE>MACB Form 8-K -- accountants</TITLE>
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<META NAME="date" CONTENT="10/17/2005">
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<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>___________</B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:16pt; font-family:times new roman; font-size:14pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt"><B><BR></B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=center>Date of Report (Date of earliest event reported): &nbsp;<B>October 11, 2005</B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>___________</B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt"><B><BR></B></P>
<P style="margin:0pt; line-height:18pt; font-family:times new roman; font-size:16pt" align=center><B>MIDDLEBURG FINANCIAL CORPORATION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; text-indent:36pt; font-family:times new roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=193><P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>Virginia</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(State or other jurisdiction</P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>of incorporation)</P>
</TD><TD valign=top width=192 colspan=2><P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>0-24159</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(Commission File Number)</P>
</TD><TD valign=top width=192><P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>54-1696103</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(I.R.S. Employer</P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>Identification No.)</P>
</TD></TR>
<TR><TD valign=top width=193><P style="margin:0pt; font-family:times new roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=192 colspan=2><P style="margin:0pt; font-family:times new roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=192><P style="margin:0pt; font-family:times new roman; font-size:11pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=289 colspan=2><P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>111 West Washington Street</B></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>Middleburg, Virginia</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(Address of principal executive offices)</P>
</TD><TD valign=top width=288 colspan=2><P style="margin:0pt; font-family:times new roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>20117</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:times new roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center>Registrant&#146;s telephone number, including area code: <B>(703) 777-6327</B></P>
<P style="margin:0pt; line-height:13.5pt; font-family:times new roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>Not Applicable</B></P>
<P style="margin:0pt; line-height:13pt; font-family:times new roman; font-size:11pt" align=center>(Former name or former address, if changed since last report)</P>
<P style="margin:0pt; font-family:times new roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; font-family:times new roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:wingdings; font-size:12pt" align=justify>o</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:wingdings; font-size:12pt" align=justify>o</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:wingdings; font-size:12pt" align=justify>o</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:18pt; line-height:14pt; font-family:wingdings; font-size:12pt" align=justify>o</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0pt; padding-bottom:3pt; font-family:times new roman; font-size:12pt; border-bottom:3pt double #000000"><BR></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-72pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify><B>Item&nbsp;5.02</B> </P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify><B>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</B></P>
<P style="margin:0pt; padding-left:72pt; text-indent:-72pt; font-family:times new roman; font-size:12pt" align=justify><B><BR></B></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>C. Oliver Iselin, III resigned from the Board of Directors of Middleburg Financial Corporation (the &#147;Company&#148;) effective October 11, 2005. &nbsp;His resignation was due solely to health reasons. &nbsp;Mr. Iselin had been a director of the Company and Middleburg Bank, the predecessor to and now a wholly owned subsidiary of the Company, since 1975.</P>
<P style="margin:0pt; text-indent:36pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
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<BR></P>
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<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:216pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify><B>MIDDLEBURG FINANCIAL CORPORATION </B></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:216pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:268pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>(Registrant)</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=justify><BR></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Date: &nbsp;October 17, 2005</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>By: <U>/s/ Kate J. Chappell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-left:216pt; text-indent:18pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Kate J. Chappell</P>
<P style="margin:0pt; padding-left:216pt; text-indent:18pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>Senior Vice President and</P>
<P style="margin:0pt; padding-left:216pt; text-indent:18pt; line-height:14pt; font-family:times new roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;Chief Financial Officer</P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:times new roman; font-size:12pt" align=center><BR></P>
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MACB Form 8-K -- accountants
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 11, 2005
___________
MIDDLEBURG FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction
of incorporation)
0-24159
(Commission File Number)
54-1696103
(I.R.S. Employer
Identification No.)
111 West Washington Street
Middleburg, Virginia
(Address of principal executive offices)
20117
(Zip Code)
Registrant's telephone number, including area code:
(703) 777-6327
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
C. Oliver Iselin, III resigned from the Board of Directors of Middleburg Financial Corporation (the "Company") effective October 11, 2005.  His resignation was due solely to health reasons.  Mr. Iselin had been a director of the Company and Middleburg Bank, the predecessor to and now a wholly owned subsidiary of the Company, since 1975.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MIDDLEBURG FINANCIAL CORPORATION
(Registrant)
Date:  October 17, 2005
By:
/s/ Kate J. Chappell
Kate J. Chappell
Senior Vice President and
Chief Financial Officer