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We are pleased to present below all posts archived in 'July 2019'. If you still can't find what you are looking for, try using the search box.
Alfred H. Moses, one of the financial services and banking industry’s leading figures and a distinguished public servant, has joined the Board of Directors of Old Dominion National Bank. “Having an industry innovator, diplomat and attorney of Alfred’s caliber join our board to build a high-performing financial institution is not only an honor, but a validation of our independent, locally owned and managed bank’s mission and growth strategy,” Chairman and CEO Mark S. Merrill said. “His experience, counsel and perspective will be invaluable to our board and Greater Washington area footprint as we continue to add top talent and introduce growing numbers of businesses and individuals to a true community banking experience with Old Dominion.”
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Washington Business Journal (July 2, 2019) - Andy Medici, Staff Reporter
Tysons-based Old Dominion National Bank might not have begun as one of the true “de novo” banks popping up in Greater Washington recently, but CEO Mark Merrill is keen to point out the bank also started from basically scratch just a couple years ago - and is now on track to be profitable by the end of the year. ”We didn’t get the charter but we did the next best thing” Merrill said in an interview. He noted when he took over in the middle of 2016, the bank had just $56 million in assets and limited cash. He ended up raising funding and making a bet on the Northern Virginia market, essentially starting fresh. “Nobody was raising money for a community bank in 2016 in this market. Nobody was doing it, and it hadn’t been done in about 10 years.”
Greater Washington area bank announces executive promotions and board appointments as it continues to focus on executing its growth strategy TYSONS CORNER, Va., July 26, 2019 —Old Dominion National Bank today announced that Mark S. Merrill has been named Chairman of the company’s Board of Directors, effective immediately. Merrill joined Old Dominion in December 2015 and had served as president, CEO and a director of the Board since June 2016. He will continue to serve as CEO of the growing Tysons Corner-based community bank.
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