Company Expands its Product Offering and Builds on Growth Momentum
TYSONS CORNER, Va., July 19, 2023—ODNB Financial Corporation (the “Company”), the financial holding company of Old Dominion National Bank (“ODNB”) and Centre 1st Bank, a division of ODNB, today announced an investment in Frost & Conn, LLC (“Frost & Conn”), a full-service, independent insurance agency based in State College, PA. Frost & Conn offers all lines of personal, business and life insurance to clients across central and southern Pennsylvania and New Jersey.
With nearly a 100-year history of serving clients throughout the Mid-Atlantic, the partnership with Frost & Conn contributes massive industry experience and expertise along with a stellar reputation for providing superior customer service and quality insurance solutions for its clients. This strategic partnership will allow Frost & Conn, doing business as ODNB Insurance Services, to expand the markets it serves to include Northern Virginia, Maryland, Washington, D.C. and Charlottesville, VA.
“Frost & Conn is a well-respected firm with a long-tenured and high-performing team. This investment was a natural fit and aligns with our strategic objective to expand our fee-based services,” said Jack Infield, President of the Company and ODNB. “This strategic partnership demonstrates our commitment to providing a wide range of financial services to our long-standing client relationships and builds on our growth momentum.”
“We are delighted to partner with ODNB Financial Corporation and the opportunity this presents to work with a leader in community banking. With access to over 40 of the top carriers in the country, we are well positioned to deliver the best combination of price and coverage to our clients,” said Frost & Conn principal, John Conroy. “Our shared commitment for delivering personalized and attentive client service makes this partnership a great match for years to come.”
About ODNB Financial Corporation
ODNB Financial Corporation is the parent holding company for Old Dominion National Bank, a locally owned community bank serving the Washington, D.C. metro area and other markets with executive headquarters in the heart of Northern Virginia at Tysons Corner. The Company has over $1.0 billion in assets as of June 30, 2023. ODNB’s Tysons Corner branch serves a growing number of customers across the Washington metropolitan area, and its branch locations in Albemarle County serve Central Virginia. Centre 1st Bank, a division of ODNB, serves the Pennsylvania and New Jersey markets, with offices in State College and the Harrisburg, PA area. ODNB offers a full range of commercial and consumer financial services in the communities it serves. Please visit the bank online at www.ODNB.bank.
About Frost & Conn, LLC
Frost & Conn has been servicing the insurance needs of its customers since 1925. The agency is built on the principles of providing superior customer service and quality insurance solutions for its business and consumer customers. As an independent agent, Frost & Conn works with select insurance companies that have proven their performance over the years, and is dedicated to providing the best insurance products and services available today to protect individuals, families, and businesses.