Washington Business Journal, Andy Medici, February 7, 2017

If you’ve been worried about local banks disappearing faster than free pizza at an office party, you’re in luck — Greater Washington has a new bank. Old Dominion National Bank (founded in 2005) seems like an unlikely entrant into the highly competitive, but potentially lucrative market. It has just $80 million in assets (eight of EagleBank’s branches have more deposits than that) and two branches, both near Charlottesville.

Old Dominion National Bank may be one of Virginia’s smaller banks, but its innovative and relationship-based style of growth is setting the company up for regional expansion. The North Garden, Va.-based company recently upsized the private placement it launched last year, adding an additional $10 million to the $20 million that was raised in September 2016.

Old Dominion National Bank is continuing to enhance its presence in the Washington, D.C. Metro area, designating Tysons Corner as the new location for its executive offices and strengthening its senior management team with five highly experienced community bankers.

S&P Global Market Intelligence presents a daily roundup of management and board changes in the bank and thrift industry. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Old Dominion National Bank in McLean, Va., has added four directors. The $70 million-asset bank said in a press release that Thomas Dungan 3rd, Yong Li, Wendy Mitchell and Paul Zhu have joined its six directors.

Old Dominion National Bank Names Stephanie Lykins-Harvey as Director for Retail Banking