News

TYSONS CORNER, Va., Jan 20, 2023—Old Dominion National Bank (“ODNB”) today announced the promotion of Jennifer H. Kim to Executive Vice President, Chief Financial Officer, effective immediately.

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"A State College bank is making its first play in the capital region, where it hopes to drum up home and business loans."

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STATE COLLEGE, Pa. — December 16th, 2022 – Centre 1st Bank, a division of Old Dominion National Bank, is pleased to announce the addition of Bob Rader as the President of Centre1st Mortgage Division. Mr. Rader will be located in Camp Hill PA setting up a Loan Production office as the bank enters the Southcentral PA market in residential and commercial lending.

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STATE COLLEGE, Pa. — November 10th, 2022 – Centre 1st Bank celebrated the groundbreaking of its new Pennsylvania Headquarters Building in the State College area of Centre County.

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TYSONS CORNER, Va., November 04, 2022 - Reflecting our continued solid growth and strong financial performance, ODNB Financial Corporation (the “Company” or “ODNB”), the holding company for Old Dominion National Bank (the “Bank”) ended the first nine months of 2022 marking our highest net income for any consecutive nine-month period at $6.1 million, and total assets reached a record level of $971.3 million at September 30, 2022.

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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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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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TYSONS CORNER, Va., August 17, 2022 - The second quarter of 2022 marked 10 consecutive quarters of profitability and total assets reached a record high. As ODNB executes its growth strategy, we continue to generate meaningful earnings for shareholders. In the second quarter of 2022, ODNB reported pretax income of $1.8 million compared to $1.5 million in the linked quarter and $1.4 million in the second quarter of 2021. Net income in the second quarter of 2022 was $3.5 million, compared to $1.2 million in the linked quarter and $911 thousand in the year-ago quarter.

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TYSONS CORNER, Va., July 5, 2022— ODNB Financial Corporation (the “Company”) and Old Dominion National Bank (the “Bank”) announced that effective July 1, 2022, the Company and the Bank consummated the statutory merger pursuant to which the Company has become the parent bank holding company of the Bank (such transaction, the “reorganization”).

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TYSONS CORNER, Va., May 13, 2022 - Old Dominion National Bank (ODNB) had its ninth consecutive quarter of profitability in the first three months of 2022, as exceptional levels of quality loan production and low cost deposit generation drove net interest income growth, while strong asset quality continued to lead to low credit costs.

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