ODNB Financial Corporation and National Capital Bancorp Announce Regulatory Approvals for Mergers
ODNB Financial Corporation (private) and National Capital Bancorp, Inc. (OTC: NACB) have received key regulatory approvals to proceed with their mergers. The Office of the Comptroller of the Currency approved the bank merger on September 29, 2026, while the Federal Reserve Bank granted a waiver for ODNB under the Bank Holding Company Act. Following these approvals, the combined holding company is expected to list its shares on Nasdaq as NACB and complete the transaction in Q4 of 2026. The merger involves Old Dominion National Bank merging into The National Capital Bank of Washington, with the latter becoming the surviving bank. Additional regulatory clearances from Virginia’s Bureau of Financial Institutions, shareholder approvals for both companies, and customary closing conditions remain pending before finalization can occur. ODNB had $1.8 billion in total assets as of June 30, 2026, while NACB reported $742.9 million during the same period.
Tickers: $NACB
Topics: banking mergers and acquisitions regulatory approvals