News

Community bank holding company earned $1.7 million on improved operating efficiency and double-digit annual growth in revenue, loans, and deposits

TYSONS CORNER, Va., August 4, 2025 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), reported financial results for the second quarter ended June 30, 2025.

“ODNB continues to experience the benefits of prudent investments in revenue channels and key personnel through healthy growth in core deposits, local lending, and core earnings,” Chairman and Chief Executive Officer Mark Merrill said. “Our balance sheet metrics remain strong; we are well capitalized, highly liquid and poised to take full advantage of the Bank’s greater scale and established presence in growth markets. As we begin the second half of 2025, new business pipelines remain robust for ODNB’s banking and wealth management businesses across our Washington metro, Central Virginia, and Central Pennsylvania markets.”

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First three months of 2025 marked by record pretax earnings and continued margin expansion, double-digit annual loan and deposit growth, and pristine asset quality

TYSONS CORNER, Va., April 29, 2025 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), reported financial results for the first quarter ended March 31, 2025.

“ODNB’s exceptional first quarter results reflect our continued focus on high-quality loan and deposit relationships as fundamental to the strategic growth of our franchise,” Chairman and Chief Executive Officer Mark Merrill said. “We also successfully launched a full-service wealth management division, reaching almost $400 million in total assets under management in the first quarter of 2025, and expanding the suite of product and service offerings to our customers.”

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TYSONS CORNER, Va., January 30, 2025 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1^st Bank division (“Centre 1^st Bank”), reported financial results for the fourth quarter and year ended December 31, 2024.

“Our ability to deliver nine consecutive years of healthy balance sheet growth, is the product of our commitment to serve the dynamic needs of sophisticated local customers who value our team’s unmatched expertise and responsiveness,” Chief Executive Officer and Chairman Mark Merrill said. “With our significant earnings, revenue and net interest margin growth in the fourth quarter, we begin 2025 with strong asset quality, capital and liquidity positions that will position us to continue the profitable growth of our in-market lending and core deposit franchises for the benefit of our shareholders, customers, and community.”

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TYSONS CORNER, Va., January 15, 2025 – Old Dominion National Bank (“ODNB”) is pleased to announce the appointment of David P. Wilson Jr. as Managing Director, and Matthew Fry, CFP, as Vice President, to lead ODNB Wealth Management, a division of ODNB. Together, they have over 50 years of experience in the financial services industry, most recently managing more than $560 million in client assets at J.P Morgan Securities.

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TYSONS CORNER, Va., October 31, 2024 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), reported financial results for the third quarter ended September 30, 2024.

“With the support of our Board, shareholders, and teammates, we have built deep and enduring relationships with our local customers,” said Chief Executive Officer and Chairman Mark Merrill. “Core deposit relationships are central to our funding strategy and fuel the in-market lending activity that has made ODNB one of the fastest growing community banks in the country. The success of these efforts continued to pay off in the third quarter.” Mr. Merrill added: “Double digit loan growth and improved net interest margin boosted net interest income and total revenues to new record levels. With strong pipelines, abundant liquidity and capital strength, we are well positioned to continue executing our growth strategy through the end of 2024, and into the new year.”

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TYSONS CORNER, Va., August 6, 2024 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), reported financial results for the second quarter ended June 30, 2024.

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TYSONS CORNER, Va., June 24, 2024 – Old Dominion National Bank (“ODNB”) is pleased to announce the appointment of Frank H. Grace, III to serve as Executive Vice President and leader of the bank’s enhanced Title & Escrow Services Division, as it continues to grow deposit relationships in the Washington, D.C. metropolitan area and beyond.

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TYSONS CORNER, Va., May 6, 2024 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), reported financial results for the first quarter ended March 31, 2024.

“ODNB’s first quarter results were marked by healthy profitability, organic loan growth, pristine asset quality, and stable deposits, positioning the Company very well for the balance of 2024,” Chairman and Chief Executive Officer Mark Merrill said. “During the first quarter we invested in talented commercial bankers focused on growing core deposits and commercial and industrial lending, and we opened our newest Northern Virginia branch in Leesburg, enhancing our ability to provide concierge-level service to clients throughout the Washington, D.C. metro area. Looking ahead and across our markets, we anticipate strong overall loan and deposit growth in 2024. We also intend to continue protecting net interest margin, even in a prolonged high-interest rate environment.”

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TYSONS CORNER, Va., February 8, 2024 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), announced financial results for the fourth quarter and year ended December 31, 2023.

“In 2023, ODNB delivered meaningful balance sheet expansion, growing loans and deposits, despite the challenges facing the banking sector,” said Mark Merrill, Chairman and Chief Executive Officer of the Company. “Our sustained growth and continued profitability are a direct result of our talented team’s exceptional relationships with clients in each of the communities we serve, and the tremendous support of our local shareholders. We are very thankful to each of our team members and their commitment to relationship banking and providing concierge-level services to our client base - hallmarks of a true community bank.”

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Tysons Corner, VA., November 21, 2023 – ODNB Financial Corporation (the “Company”), the parent company
of Old Dominion National Bank (“ODNB” or the “Bank”), is proud to announce the appointment of Charlene
A. Friedman to the Board of Directors of both the Company and the Bank, effective December 11, 2023.

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