Williams Mullen Representing National Capital Bancorp, Inc. in Merger with ODNB Financial Corporation
Williams Mullen is representing National Capital Bancorp, Inc. (NACB), the holding company for The National Capital Bank of Washington, in its proposed merger with ODNB Financial Corporation (ODNB), the holding company for Old Dominion National Bank. In the transaction, NACB will merge into ODNB, and ODNB will change its name to National Capital Bancorp, Inc. In the subsidiary bank merger, Old Dominion National Bank will merge into The National Capital Bank of Washington, which will be the surviving bank. Following closing, the combined holding company is expected to have approximately $2.4 billion in assets and be the seventh-largest bank headquartered in Washington, D.C. area.
The Williams Mullen team representing NACB is led by Scott Richter, Ben McCall and Lee Lester (corporate), together with Nona Massengill, Brydon DeWitt and Philip Delano (employee benefits), Conrad Garcia, Anna Derewenda and Joseph Kleiner (tax), and Garrett Allen (corporate).
The transaction is expected to close in the fourth quarter of 2026 following the approval of NACB and ODNB shareholders, receipt of approvals from regulatory authorities and satisfaction of other customary closing conditions.
To read the press release, click here
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