Key story highlights:
Old Dominion National Bank has raised $38.7 million in an oversubscribed round.
The bank continues to pivot from a Charlottesville, Virginia-based bank to one based in Tysons.
The bank will hit $300 million in assets in 12 months, CEO Mark Merrill says.

Tysons Corner community bank completes second common equity offering in 18 months to raise a total of nearly $69 million from shareholders largely in the D.C. area and Pennsylvania

TYSONS CORNER, Va., April 12, 2018 – Old Dominion National Bank today announced the appointment of Lilah Yosufy to serve as Senior Vice President and Managing Director of Business Development. Yosufy, a proven leader with extensive experience and knowledge of sophisticated treasury services, will work closely with the Bank’s Chief Lending Officer Kevin Albrigo and commercial banking team, based in Old Dominion’s Tysons Corner executive offices.

TYSONS CORNER, Va., Feb. 1, 2018 /PRNewswire/ – Old Dominion National Bank announced the addition of three new members to its Board of Directors. Daniel M. Harrington, Mayur N. Patel and William H. Shawn join nine other entrepreneurs, business executives and community leaders on the Board of the growing Tysons Corner bank with more than $150 million in assets.