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Old Dominion National Bank Strengthens Board with Three Washington Metro Area Directors

Posted on 11/29/2019 by in 2019

TYSONS CORNER, Va., December 11, 2019 — Old Dominion National Bank announced that it has named Jim Abdo, Jennifer Bognet and Mindi McClure to its Board of Directors. The three new directors, each based in the Washington metro area, bring deep commercial real estate and corporate board experience to ODNB.

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

Posted on 8/30/2019 by in 2019

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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WBJ reports on VisionBank Founders Joining Old Dominion

Posted on 8/6/2019 by in 2019

Washington Business Journal (August 6, 2019) - Andy Medici, Staff Reporter Tysons-based bank-in-organization VisionBank is dropping it’s bid to become Greater Washington’s next new bank — with its leaders joining up with an existing Tysons bank, Old Dominion National Bank, instead.

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Financial and Banking Industry Leader Alfred H. Moses Joins Old Dominion National Bank’s Board of Directors

Posted on 7/29/2019 by in 2019

Alfred H. Moses, one of the financial services and banking industry’s leading figures and a distinguished public servant, has joined the Board of Directors of Old Dominion National Bank. “Having an industry innovator, diplomat and attorney of Alfred’s caliber join our board to build a high-performing financial institution is not only an honor, but a validation of our independent, locally owned and managed bank’s mission and growth strategy,” Chairman and CEO Mark S. Merrill said. “His experience, counsel and perspective will be invaluable to our board and Greater Washington area footprint as we continue to add top talent and introduce growing numbers of businesses and individuals to a true community banking experience with Old Dominion.”

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

Posted on 7/26/2019 by in 2019

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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