Greater Washington area bank announces executive promotions and board appointments as it continues to focus on executing its growth strategy 

TYSONS CORNER, Va., July 26, 2019 —Old Dominion National Bank today announced that Mark S. Merrill has been named Chairman of the company’s Board of Directors, effective immediately.  Merrill joined Old Dominion in December 2015 and had served as president, CEO and a director of the Board since June 2016.  He will continue to serve as CEO of the growing Tysons Corner-based community bank. 

Washington Business Journal (July 2, 2019) - Andy Medici, Staff Reporter 

     Tysons-based Old Dominion National Bank might not have begun as one of the true “de novo” banks popping up in Greater Washington recently, but CEO Mark Merrill is keen to point out the bank also started from basically scratch just a couple years ago - and is now on track to be profitable by the end of the year.   ”We didn’t get the charter but we did the next best thing” Merrill said in an interview. He noted when he took over in the middle of 2016, the bank had just $56 million in assets  and limited cash. He ended up raising funding and making a bet on the Northern Virginia market, essentially starting fresh.  “Nobody was raising money for a community bank in 2016 in this market.  Nobody was doing it, and it hadn’t been done in about 10 years.”

Centre1st Bank, a division of Old Dominion National Bank, announced the grand opening of its first full-service branch in State College, located at 1276 North Atherton Street.

“The opening of our first Centre1st branch in State College is the natural next step in our strategy to grow our bank into a high-performing regional financial institution that generates superior returns for shareholders over the long term,” said President and CEO Mark S. Merrill.  “Our executives, board members and shareholders have strong ties to State College and Central Pennsylvania, and we see great opportunity here for a community bank that values long-lasting, personal relationships with local individuals, entrepreneurs and businesses.”     

Old Dominion National Bank today announced the appointment of Todd Rowley to serve as the bank’s Market Executive for the Capital Region. As Capital Region Market Executive, Rowley is based in Old Dominion’s Tysons Corner executive offices and is responsible for commercial loan and deposit business development throughout the Washington D.C. Metro area.  With nearly 40 years of in-market banking experience, he will primarily focus on serving small-and mid-sized businesses through the bank’s dedicated specialty groups, including government contracting, professional services, and non-profit.

Old Dominion National Bank today announced the appointment of Vishal Gandhi to serve as a Senior Vice President and Commercial Lender within the community bank’s growing government contracting and technology banking group.