The stock is now up 22% at $18.25.
From the Washington Business Journal, Friday March 18:
David Sokol buys more Middleburg Bank stock
David Sokol, a top lieutenant at Warren Buffet’s Berkshire Hathaway, chipped away a bit more at becoming a 30 percent owner of Middleburg Financial Corp.
Sokol snapped up 5,450 shares on Wednesday and 3,500 shares on March 11, all for $15 a share, according to securities filings. He also went on a buying spree last November, when he bought 16,700 shares in four different transactions.
Sokol now owns 20.24 percent of the bank’s common stock. He won authorization in October to boost his ownership stake from 20 percent to 30 percent, and apparently plans on getting there a few thousand shares at a time.