NEWS LOCATIONS CAREERS
We are pleased to present below all posts archived in 'August 2023'. If you still can't find what you are looking for, try using the search box.
TYSONS CORNER, Va., July 31, 2023 - We are pleased to report strong second quarter 2023 financial results. The quarter was highlighted by a record level of assets, loans and deposits, while bolstered by our successful common equity capital raise of $28.1 million. Net income for the second quarter of 2023 was $1.2 million, an increase of 11.1% from $1.1 million in the prior quarter.
We delivered our fourteenth consecutive quarter of profitability for the quarter ended June 30, 2023, as a result of the continued investments in our people, products and technology, further validating our high-touch and personalized approach to client service. We continue to grow deposit market share to deliver long-term franchise value to our shareholders. ODNB Financial Corporation (the “Company” or “ODNB”), the holding company for Old Dominion National Bank (the “Bank”) continues to serve its growing number of customers across Northern Virginia and the Washington, D.C. metro area, Central Virginia and the Charlottesville area, and Pennsylvania through its Centre 1st Bank division.
Read the rest of entry »
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.