Old Dominion National Bank merging with National Capital Bank in 98M Deal
Monday, June 15, 2026 -
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.