Meanwhile, Old Dominion continues to execute on its strategy to drive organic growth in the Washington, D.C. Metro area. Recently, the Bank designated Tysons Corner as its corporate headquarters, a move that positions new senior leadership and key banking personnel to better serve customers, including new shareholders, in that growing market. Further, by year-end, Old Dominion plans to open a full-service branch in Tysons Corner, in addition to a full-service branch opening in downtown Charlottesville, both subject to regulatory approval. The capital infusion and new footprint expansion cap a year of unprecedented growth for Old Dominion under the leadership of new President and CEO Mark Merrill. For year-to-date 2016, Old Dominion grew deposits by 16% to $48.0 million and increased assets by nearly 70% to $80.0 million through the successful equity offering as well as a renewed emphasis on http://www.huffingtonpost.com/jared-hecht/learn-how-commercial-real_b_13310450.html building a premier community bank. In late October, Old Dominion expanded its board, adding four new directors from the Washington area who bring a strong blend of expertise, diversity and strategic experience.
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