Richard "Randy" Anderson, left, is CEO of National Capital Bancorp and Mark Merrill is CEO of Old Dominion National Bank. The two banks are merging to create a $2.4 billion-asset company that would operate under the National Capital Bank name.

By Alan Kline – Senior Editor, Washington Business Journal - Jun 15, 2026

Story Highlights

  • Old Dominion National Bank is merging with National Capital Bank of Washington for $98 million.
  • The combined entity will go public on Nasdaq or NYSE as National Capital Bancorp.
  • Mark Merrill would become CEO while Randy Anderson becomes nonexecutive chairman of merged bank.

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