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ODNB Financial Corporation Releases Third Quarter 2022 Financial Results

TYSONS CORNER, Va., November 04, 2022 - Reflecting our continued solid growth and strong financial performance, ODNB Financial Corporation (the “Company” or “ODNB”), the holding company for Old Dominion National Bank (the “Bank”) ended the first nine months of 2022 marking our highest net income for any consecutive nine-month period at $6.1 million, and total assets reached a record level of $971.3 million at September 30, 2022.

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Renee C. Aldrich Joins Old Dominion National Bank as Executive Vice President, Commercial Lending Officer

TYSONS CORNER, Va., Oct 31, 2022—Old Dominion National Bank (“ODNB”) today announced the appointment of Renee C. Aldrich as Executive Vice President, Commercial Lending Officer, effective immediately. 

With over 20 years of experience in community banking, Ms. Aldrich will be an integral part of the Company’s commercial lending team while managing client relationships in the Virginia, Maryland and Washington, D.C. areas. Her responsibilities will reach across industries, to include healthcare, non-profit, professional services and commercial real estate. 

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ODNB Named Among the Fastest Growing Companies by Washington Business Journal

TYSONS CORNER, Va., Oct 20, 2022— Old Dominion National Bank (ODNB) is proud to announce that our Bank has been named among the Washington Business Journal's Fastest Growing Companies in Greater D.C. for 2022, placing 41st among the 50 companies named. We are extremely thankful for all the hard work of our team, and the partnership of all our customers.

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ODNB Financial Corporation Announces Completion of $24.0 Million Subordinated Debt Offering

TYSONS CORNER, Va., September 15, 2022– ODNB Financial Corporation (the “Company”) today announced the completion of a private placement of $24.0 million of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”) to certain qualified institutional buyers and accredited investors.

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ODNB Releases Second Quarter 2022 Financial Results

TYSONS CORNER, Va., August 17, 2022 - The second quarter of 2022 marked 10 consecutive quarters of profitability and total assets reached a record high. As ODNB executes its growth strategy, we continue to generate meaningful earnings for shareholders. In the second quarter of 2022, ODNB reported pretax income of $1.8 million compared to $1.5 million in the linked quarter and $1.4 million in the second quarter of 2021. Net income in the second quarter of 2022 was $3.5 million, compared to $1.2 million in the linked quarter and $911 thousand in the year-ago quarter. 

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Old Dominion National Bank Completes Formation of New Holding Company, ODNB Financial Corporation, to Support Continued Execution of the Community Bank’s Growth Strategy

TYSONS CORNER, Va., July 5, 2022— ODNB Financial Corporation (the “Company”) and Old Dominion National Bank (the “Bank”) announced that effective July 1, 2022, the Company and the Bank consummated the statutory merger pursuant to which the Company has become the parent bank holding company of the Bank (such transaction, the “reorganization”).

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ODNB Names Marsha Bradshaw to Serve as EVP, Head of Consumer Lending

TYSONS CORNER, Va., June 27, 2022— Old Dominion National Bank (ODNB) announced the appointment of Marsha Bradshaw to serve as the bank’s Executive Vice President, Head of Consumer Lending.

At ODNB, Bradshaw will oversee all aspects of the bank’s Consumer Real Estate Lending division and Consumer Credit Risk Management for its entire franchise.  She joins ODNB from Tower Federal Credit Union in Laurel, Md., which she helped transform into one of the leading providers in the Washington, D.C. area for home equity lines of credit (HELOCs) and other consumer real estate loans.  “I’m very excited about joining ODNB,” said Bradshaw.  “And, I look forward to working with the team to continue enhancing consumer loan products and services for our clients as well as contributing to the growth and success of our bank.”

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ODNB Named One of the Best Places to Work by Washington Business Journal

TYSONS CORNER, Va., May 18, 2022— Old Dominion National Bank (ODNB) was recognized as one of the Washington Business Journal’s Best Places to Work for 2022, placing 13th among large companies with between 50 to 249 employees.  ODNB was also one of only two banks recognized in the annual list, now in its 16th year.  

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ODNB Announces Promotions to Support Continued Execution of its Growth Strategy in the Washington Metropolitan Area

TYSONS CORNER, Va., May 13, 2022—Old Dominion National Bank (ODNB) announced the promotion of Lilah Yosufy to Executive Vice President and Chief Deposit Officer. The company also announced the promotions of Vishal Gandhi to Senior Vice President, Managing Director of Government and Technology Lending and Toan Nguyen-Viet to Senior Vice President, Commercial Lending.

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ODNB Releases First Quarter 2022 Financial Results

TYSONS CORNER, Va., May 13, 2022 - Old Dominion National Bank (ODNB) had its ninth consecutive quarter of profitability in the first three months of 2022, as exceptional levels of quality loan production and low cost deposit generation drove net interest income growth, while strong asset quality continued to lead to low credit costs.

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