ODNB Financial, National Capital Bancorp To Merge To Form $2.4 Bln Community Bank

India, June 15 -- ODNB Financial Corp., the parent of Old Dominion National Bank, and National Capital Bancorp, Inc. (NACB), the parent of The National Capital Bank of Washington, on Monday announced a merger agreement under which NACB will merge into ODNB, with ODNB as the surviving bank holding company.

ODNB said the transaction will create a bank holding company with approximately $2.4 billion in assets.

The combined company, to be named National Capital Bancorp, is expected to list its shares on Nasdaq or the New York Stock Exchange under the ticker NACB. It will operate 10 branches across Washington, D.C., Virginia, Maryland, Pennsylvania and Florida, making it the seventh-largest bank headquartered in the Washington, D.C. metropolit...