NEWS     LOCATIONS     CAREERS

careers Banner

News

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.

Read the rest of entry »

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. 

Read the rest of entry »

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”).

Read the rest of entry »

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.”

Read the rest of entry »

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.  

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

ODNB Names Richard Sobonya to Serve as SVP, Market Executive - Arlington & DC, Real Estate Lending

TYSONS CORNER, Va., April 1, 2022—Old Dominion National Bank announced the appointment of Richard M. Sobonya to serve as Senior Vice President, Market Executive - Arlington & DC, Real Estate Lending. He is responsible for serving commercial banking clients, particularly with commercial real estate and construction lending solutions in Arlington, Northern Virginia, and the Washington, D.C. metropolitan area.

“Given our significant growth in recent years, ODNB continues to invest in hiring the strongest talent in the region to provide our clients with the best service,” said Chief Executive Officer and Chairman Mark Merrill.  “Rich brings 17 years of in-market experience and will play a key role in helping ODNB to play an even greater role in financing vital real estate development projects in the region.”

Read the rest of entry »

ODNB Names Gregory Jay to Serve as SVP, Market Executive - Loudoun County

TYSONS CORNER, Va., April 1, 2022—Old Dominion National Bank announced today that Greg Jay has joined the company as Senior Vice President, Market Executive - Loudoun County,  He is responsible for serving commercial banking clients, particularly in Loudoun County and across the Northern Virginia, Washington, D.C. metropolitan area.

“We are very pleased to welcome Greg to ODNB, as he brings a wealth of experience in commercial banking and a long track record as a business and community leader in Loudoun County. I look forward to his valuable contributions to our clients and our team,” said Chief Executive Officer and Chairman Mark Merrill.

Read the rest of entry »

ODNB Releases Fourth Quarter and Full Year 2021 Financial Results

TYSONS CORNER, Va., February 14, 2022 - Old Dominion National Bank (ODNB) is pleased to report continued growth and strong financial performance for the quarter and year-ended December 31, 2021. ODNB delivered record earnings of $6.6 million for the twelve months ended December 31, 2021, with total assets reaching $837.5 million at December 31, 2021.

Read the rest of entry »

Pages: Previous123NextReturn Top

Bottom Logo