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TYSONS CORNER, Va., December 19, 2025 – ODNB Financial Corporation (the “Company”) today announced the completion of a private placement of a $25 million 7.25% Fixed-to-Floating Rate Subordinated Note due 2035 (the “Note”) to a subsidiary of EJF Capital, LLC, a locally-based global institutional asset management firm specializing in financials.
The Note will initially bear interest at a fixed annual rate of 7.25%, payable semi-annually in arrears, until December 30, 2030, and will reset quarterly thereafter to the then current three-month SOFR rate plus 383 basis points, payable quarterly in arrears. Beginning on December 19, 2030, the Note may be redeemed, in whole or in part, at the Company’s option subject to any required regulatory approval, on any scheduled interest payment date. Prior to December 19, 2030, the Note may be redeemed, in whole but not in part, at any time upon certain specified events.
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ODNB achieves new performance milestones in assets, core net income, loans, and deposits; Maintains high-quality, well-diversified loan book.
TYSONS CORNER, Va., October 30, 2025 – ODNB Financial Corporation (“ODNB” or the “Company”), the holding company for Old Dominion National Bank (the “Bank”) and its Centre 1st Bank division (“Centre 1st Bank”), reported financial results for the third quarter ended September 30, 2025.
“We surpassed $1.5 billion in assets by emphasizing prudent and selective loan growth,” Chairman and Chief Executive Officer Mark Merrill said. “With over $30 million in new production already booked in the fourth quarter and a very robust pipeline, we expect to end the year ahead of our budget goals. This level of growth would not be possible without a comparable increase in high-quality, low-cost funding. Our entire production team has been instrumental in helping the Bank achieve its deposit growth goals; we have onboarded over $50 million in new customer deposits in the fourth quarter, and our growth in noninterest-bearing and other core deposits will continue to drive net interest margin expansion for the Bank.”
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