TYSONS CORNER, Va., August 14, 2017 – Old Dominion National Bank announced the appointment of Howard Stein to serve as Executive Vice President and Chief Operating Officer. The company also announced the appointment of Lauren Kohr to serve as Senior Vice President and Chief Risk Officer.
Stein, a 24-year financial services industry veteran, will oversee Old Dominion’s information technology and operations functions, in addition to providing sales and other support to the company. He will report to President and Chief Executive Officer Mark S. Merrill.
“We are thrilled to have an experienced professional like Howard join our growing, customer-centric team,” Merrill said. “His wealth of information technology and operations experience in financial services, including at community banks ranging from de novo to $5 billion in assets, will make him an integral member of Old Dominion’s senior management team, as we work to grow our company into a high-performing regional financial institution.”
Stein joins Old Dominion from My CU Services LLC, a leading provider of payment services and technology for credit unions, where he served as Chief Operating Officer for five years. Prior to that, he served as Chief Information Officer and Director of Operations at Graystone Tower Bank for more than six years. From 2000 through 2005, Stein served as Commercial Operations Manager at Waypoint Bank. He began his banking career in 1993 with Harris Savings Bank, where he worked for nearly 12 years. Stein earned his bachelor’s degree from West Virginia University in 1992.
As CRO, Kohr will be responsible for Old Dominion’s corporate-wide operational risk management program, including leading the bank’s Anti-Money Laundering (AML), Bank Secrecy Act (BSA) and Office of Foreign Asset Control (OFAC) policy and governance. She will report to the bank’s new COO, Stein.
“Lauren is a highly experienced risk management professional who has been recognized by her peers in the industry for her excellence in administering industry leading BSA, AML and OFAC programs,” Stein said. “As Old Dominion continues to grow, her leadership and oversight of our risk management programs will ensure we meet and exceed regulatory expectations and continue to foster a strong compliance culture throughout the company.”
Kohr joins Old Dominion from Pentagon Federal Credit Union in Alexandria, where the Reston resident has served as Financial Intelligence Unit Senior Manager responsible for AML and BSA policy and governance. Prior to PenFed, she was based in Harrisburg, Pa. where she served Metro Bank as director of AML/BSA/OFAC and began her career with Financial Outsourcing Solutions. She earned her bachelor’s degree in Accounting from Arizona State University in 2004.
Both of Old Dominion’s newest executives will be based in Tysons Corner, where the bank moved its executive offices in late 2016 as part of its organic growth strategy. By positioning its senior management team near the Washington, D.C. metro area, Old Dominion has been better able to serve its growing number of consumer and commercial clients in the Greater Washington and Northern Virginia markets, who rely on the locally-owned bank to provide personalized and sophisticated financial solutions.