Old Dominion National Bank is an independent, locally-owned and managed bank serving the Washington, D.C. metro area and other strategic markets with executive headquarters in the heart of Northern Virginia at Tysons Corner.
Old Dominion offers services that come with long-lasting, personal relationships with established banking professionals, serving small to medium-sized businesses, nonprofits, and consumer customers. We offer a full range of financial products and services, including everything from commercial and consumer loans, treasury and cash management, merchant card services, virtual vault, debit and credit card services for personal and business accounts; to checking, saving, money market deposit accounts, certificates of deposit, individual retirement accounts, online banking, and mobile banking. Old Dominion prides itself on offering products and services comparable to those of larger banks, making decisions in the local markets we serve.
Old Dominion has retail and lending offices serving Washington DC Metro, Northern Virginia, Charlottesville, and Albemarle County, and serves an expanding customer base in Central Pennsylvania.
2018 – Another Leap Forward for Old Dominion.
Old Dominion took another leap forward in 2018, combining continued execution of its organic growth strategy with its second successful capital raise in 18 months, raising another $38.7 million to fund the bank’s lending, investment activities, and growth in the markets it serves. In addition, the bank surpassed $250 million in assets during 2018, growing its balance sheet by more than five times in two years. Old Dominion also expanded its shareholder base with more than 320 new shareholders, largely in the Washington metro area and Pennsylvania.
To support its growing shareholder and customer base in Central Pennsylvania, the bank opened a loan production office this year in State College, PA. Throughout its footprint, the bank continues to invest in talented community bankers who are introducing Old Dominion’s true community bank to a growing number of customers.
Old Dominion’s commitment to the community remains strong and unwavering. In 2018, we have committed our resources and time to special organizations that provide important services to children throughout our the markets we serve, including the Medical Care for Children Partnership Foundation in Fairfax County and the Jefferson Area Children's Health Improvement Program (CHiP). In addition, each of our branches and offices have collected toys for children’s hospitals in Virginia and Central Pennsylvania. We look forward to continuing supporting these and other local nonprofits throughout this year and in the future.
2017 – Executing Old Dominion’s Organic Growth Strategy.
With a balance sheet newly fortified with $30 million in capital from 175 shareholders across the Washington metro area and Pennsylvania, Old Dominion National Bank successfully executed its organic growth strategy throughout 2017.
Old Dominion expanded its assets, loans, deposits, client relationships, branch network and talented team through the year. At the same time, the bank supported many important community organizations through volunteerism and financial contributions, such as the Albemarle County Police Foundation, Ronald McDonald House and Junior Achievement, to name a few.
Old Dominion’s first full-service branch in Northern Virginia opened in Tysons Corner in 2017, where the company’s executive offices are located.
Old Dominion also introduced its concierge style approach to banking to a growing number of new customers, as the bank seeks to become a bank of choice for high-quality small and mid-sized businesses, nonprofits and individuals in the markets it serves. As a result, the bank grew loans by 174% and deposits by 163% during 2017 and expanded the year’s net interest income by nearly 100% over 2016.
2016 – A Transformational Year for Old Dominion.
Over the course of the year, Old Dominion successfully raised $30 million in capital, adding more than 175 new shareholders. These shareholders represent individuals with strong ties to the Washington, DC metro community, and communities in Pennsylvania and Maryland. The Board of Directors appointed Mark Merrill to President and CEO in June 2016. Under Mark’s leadership, the Bank grew one of its most important assets, its employee base from 17 to 36 team members at the end of 2016. Seasoned bankers and skilled professionals with strong entrepreneurial spirit joined our team positioning us for growth ahead.
As the 2016 year drew to a close, the bank prepared to open its flagship location in Tysons Corner, VA, and an office in downtown Charlottesville, VA, strategically placing the bank in the heart of its two banking regions. The Tysons Corner location is home to a full-service retail and lending space, as well as the Bank’s executive offices. Both new locations are integral to the Bank’s growth strategy and deliver offices conveniently in the markets where our leaders, customers and shareholders live and work. We are committed to providing customers with the technology they expect of larger institutions with the added benefit of a community environment.
The achievements of 2016 positioned Old Dominion National Bank for growth, creating value for our employees, customers and shareholders for years to come
Old Dominion will be the premier community bank in our markets through excellence in employee engagement, customer service, financial performance, and community involvement.
To build long lasting, trustworthy relationships with our employees, customers, shareholders, and communities.
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