NEWS LOCATIONS CAREERS
We are pleased to present below all posts archived in 'June 2023'. If you still can't find what you are looking for, try using the search box.
TYSONS CORNER, Va., June 26, 2023—ODNB Financial Corporation (“the Company”) announced it recently completed a private placement of $28.1 million of shares of the Company’s common stock to 160 accredited individual investors at a price of $11.00 per share. The Company expects to use the proceeds from the capital raise for organic balance sheet growth, strategic opportunities, lending and investment activities, and for general corporate purposes. Investors in the recent offering were primarily from the Washington, D.C. metro area, where the Company’s executive offices are located, and also included individuals from Pennsylvania and New Jersey, where the Company’s wholly-owned subsidiary Old Dominion National Bank (the “Bank”) operates its Centre1st Bank division.
Read the rest of entry »
Washington Business Journal Article - Friday, June 23, 2023 - Old Dominion National Bank in Tysons has raised $28.1 million in equity to fuel its expansion and boost its legal lending limit as it looks to double or even triple its asset size in the coming years. The raise comes on the heels of Old Dominion surpassing $1 billion in assets in the first quarter of this year and is intended to help it grow organically to get to the next benchmark — $2 or $3 billion in total assets — said CEO and Chairman Mark Merrill. This brings its total common equity funding raised to $119.2 million since 2016.
You are now leaving our website.
Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
You are leaving Centre 1st Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Centre 1st Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Centre 1st Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.