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From monthly archives: September 2022

We are pleased to present below all posts archived in 'September 2022'. If you still can't find what you are looking for, try using the search box.

ODNB Financial Corporation Announces Completion of $24.0 Million Subordinated Debt Offering

TYSONS CORNER, Va., September 15, 2022– ODNB Financial Corporation (the “Company”) today announced the completion of a private placement of $24.0 million of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”) to certain qualified institutional buyers and accredited investors.

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Pennsylvania Community Banks Flourishing Despite Inflation Rate Hikes

STATE COLLEGE, Pa., August 26, 2022 - Article in Pennysylvania Business Central by David Harry

                                  The continued growth of Centre 1st Bank in central PA is the latest example 
With record high inflation, accompanied by rising interest rates to combat it, the economy is struggling through a period of uncertainty. One industry well-positioned in the current economic climate is the banking industry, and especially community and independent banks. 

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