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From category archives: Blog

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.

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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.

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Old Dominion National Bank Names Todd Rowley Regional President for Central Virginia

TYSONS CORNER, Va., November 23, 2021 -- Old Dominion National Bank (ODNB) announced the appointment of Todd Rowley to serve as the bank's Regional President for Central Virginia. Rowley will be based in Charlottesville, Virginia.

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ODNB Named to Washington Business Journal's Fastest Growing Companies

ODNB is proud to announce that our Bank has been named among the Washington Business Journal's 75 Fastest Growing Companies. We are extremely thankful for all the hard work of our staff, and the partnership of all our customers.

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Old Dominion National Bank Names Richard Schoen SVP, Commercial Real Estate Lender

TYSONS CORNER, Va., August 30, 2019 —Old Dominion National Bank today announced the appointment of Richard Schoen to serve as a Senior Vice President and Commercial Real Estate Lender. In his new role, Schoen will focus on residential and commercial real estate lending throughout the greater Washington, D.C. area, where he has spent much of his 35-year career building long-lasting, trustworthy customer relationships.

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VisionBank Founders Join Old Dominion National Bank to Make a True Community Banking Experience More Widely Available in Greater Washington

TYSONS CORNER, Va., August 6, 2019 — Founders of VisionBank (In Organization) have agreed to join Old Dominion National Bank to help bolster the bank’s mission to provide a true community banking experience to growing numbers of businesses and individuals throughout the Washington, D.C. metro area. 
The boards of directors of both Old Dominion and VisionBank unanimously approved the agreement.  Melinda H. McClure, VisionBank’s Chairman and CEO, will join Old Dominion as Executive Vice President and Chief Strategy Officer.  Richard D. Horn, VisionBank’s Chief Operating Officer and General Counsel, is also joining Old Dominion as Executive Vice President and General Counsel of the established community bank

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ODNB came to Tysons two years ago. It's more than quadrupled in size.

Washington Business Journal (July 2, 2019) - Andy Medici, Staff Reporter 

Tysons-based Old Dominion National Bank might not have begun as one of the true “de novo” banks popping up in Greater Washington recently, but CEO Mark Merrill is keen to point out the bank also started from basically scratch just a couple years ago - and is now on track to be profitable by the end of the year.   ”We didn’t get the charter but we did the next best thing” Merrill said in an interview. He noted when he took over in the middle of 2016, the bank had just $56 million in assets  and limited cash. He ended up raising funding and making a bet on the Northern Virginia market, essentially starting fresh.  “Nobody was raising money for a community bank in 2016 in this market.  Nobody was doing it, and it hadn’t been done in about 10 years.”

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Centre1st Bank Celebrates Grand Opening of First Full-Service Branch in Central Pennsylvania

Centre1st Bank, a division of Old Dominion National Bank, announced the grand opening of its first full-service branch in State College, located at 1276 North Atherton Street.

“The opening of our first Centre1st branch in State College is the natural next step in our strategy to grow our bank into a high-performing regional financial institution that generates superior returns for shareholders over the long term,” said President and CEO Mark S. Merrill.  “Our executives, board members and shareholders have strong ties to State College and Central Pennsylvania, and we see great opportunity here for a community bank that values long-lasting, personal relationships with local individuals, entrepreneurs and businesses.”     

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