The board of directors of Old Dominion National Bank announced the appointment of Mark S. Merrill of Arlington as president, chief executive officer and a director of the bank, succeeding the retiring William R. Klich.

Merrill will divide his time between the bank's headquarters and its Fairfax County office, which opened in McLean last year as part of Old Dominion's strategy for driving significant growth in Northern Virginia, particularly among small and mid-sized business customers.

"After assembling a new board of directors three years ago, one of our first orders of business was finding a leader who would share our commitment to Old Dominion and the customers it serves, while bringing the expertise and bank-turnaround skills necessary to stabilize the business and position it for long-term financial health and prosperity," Chairman Wesley Yuan said, noting that Klich joined the board in 2013 and was named president and CEO the following year. "Bill led the bank's efforts to develop a new strategic plan, strengthen its balance sheet, enhance policies, procedures, marketing and technology, and assemble a new management team of experienced leaders with proven track records of success in commercial and community banking. We thank him for his contributions and we wish him the very best."

Merrill, 39, joined Old Dominion as executive vice president in December 2015 after serving in a variety of senior executive leadership positions with community and commercial banks in Virginia, Maryland and Pennsylvania.

"At Old Dominion, we have an outstanding team of professionals who are dedicated to their loyal customers and excited about the opportunity to strengthen the bank's competitive position and accelerating our growth inNorthern Virginia and the Washington metro area," Merrill explained. "In addition to talented employees, we have a highly engaged board and local shareholders who understand and support the course we've charted to secure Old Dominion's future and realize its full potential. It's an honor to serve them as their CEO."

Old Dominion's growth plans include opening and staffing new full-service branches in downtown Charlottesvilleand Northern Virginia.

"The board of directors recruited Mark in 2015 as part of our succession planning efforts, and Old Dominionhas already benefitted from his strategic planning and capital markets experience, his knowledge of theWashington banking market, and his focus on the importance of building high-performing teams through servant leadership," Yuan added. "Mark is the right leader at the right time for Old Dominion."

Merrill started his career in the financial services practice at PricewaterhouseCoopers before moving into corporate finance and accounting positions at Pennsylvania's Waypoint Financial Corp. and Roper Industries. In 2006, he was named CFO of what became Tower Bancorp, overseeing significant merger and acquisition activity and multiple capital raises, including an initial public offering in March 2009 for the fastest-growing startup bank in Pennsylvania history. In 2012, Merrill was named CFO of Arlington's Virginia Commerce Bancorp and in 2014 he served as executive vice president at Eagle Bancorp in Bethesda, MD. Prior to joiningOld Dominion last year, Merrill founded the technology and social good startup, Sidewalks LLC. A certified public accountant, he graduated from Elizabethtown College with a bachelor's degree in accounting. Active in the community, Merrill currently serves on the board of the Animal Welfare League of Arlington and coaches youth soccer.

About Old Dominion National Bank

Old Dominion is an independent, locally-owned and managed bank headquartered in Virginia with two full-service offices in Albemarle County, as well as a loan production office in Fairfax County to support its plans for growth in the Washington metropolitan area. The bank has approximately $45 million in assets and offers a full range of commercial and consumer financial services in the communities it serves. Please visit the bank online at ODNBonline.com.