Middleburg Trust Company provides a variety of fiduciary and investment management services to individuals, institutions and foundations. The firm became Virginia's first independent trust company in 1994. It joined The Middleburg Bank to form Independent Community Bankshares in 1998. Middleburg Trust Company specializes in fixed-income portfolio management services for total return. The firm has expertise in portfolio management that focuses on various asset classes, such as stocks, bonds and cash equivalents. It operates several types of accounts, including agency and investment management, trusts, individual retirement accounts and estates. Middleburg Trust Company also offers estate settlement and trust management services. The firm is recognized as a fiduciary by The Bureau of Financial Institutions and The Federal Reserve.