ODNB and NACB receive regulatory approvals for proposed bank merger

  • ODNB Financial Corporation and National Capital Bancorp announced regulatory approvals for their proposed merger.
  • The Office of the Comptroller of the Currency approved the bank merger on September 29, 2026.
  • The transaction still requires Virginia regulatory approval, shareholder votes and other closing conditions.

ODNB Financial Corporation and National Capital Bancorp, Inc. said they received regulatory approvals related to their proposed merger and subsequent bank merger. The Office of the Comptroller of the Currency approved the bank merger on September 29, 2026, while the Federal Reserve Bank of Richmond said it did not object to waiving separate approval requirements for the holding-company merger. The deals still require approval from the Bureau of Financial Institutions of the Virginia State Corporation Commission, shareholders of both companies and other customary conditions. The combined holding company will be named National Capital Bancorp, Inc. and expects to list its common stock on Nasdaq under the ticker NACB. Closing is expected in the fourth quarter of 2026.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.