Charles C. Pearson, Jr. Joins Old Dominion National Bank Board of Directors

9/10/17

Veteran community banker and public company director joins Board of growing Tysons Corner bank

Old Dominion National Bank announced that Charles C. Pearson, Jr. joined its board of directors, effective immediately. The growing Northern Virginia bank with executive offices in Tysons Corner now has nine directors serving on its Board.

“I’ve had the privilege of knowing Chuck for nearly 15 years, benefitting from his counsel and mentorship, and learning from his example of how a leader serves his employees, customers, community and shareholders,” Chief Executive Officer Mark S. Merrill said. “To have Chuck share in our vision for Old Dominion is a testament to the team and unique company we’re building here. As we continue to attract new customers and deepen existing relationships, we know that we have the right experience and talent in place at all levels of the company to succeed, from the board, to our executive management, to our entire team.”

Pearson brings deep commercial banking experience to Old Dominion’s Board. Prior to his retirement in 2005, he served as President, Chief Executive Officer and Chairman of Harris Savings Bank and its successor Waypoint Financial Corp., guiding the NASDAQ-listed financial institution with more than $5 billion in assets through its merger with Sovereign Bank. Before joining Harris Savings Bank, Pearson worked for PNC Financial Services for four years, having joined in 1994 following the sale of United Federal Bank, where he had served as President of since 1988. During his nearly 40-year career, he also worked for Mellon Bank, Commonwealth National Bank, Hamilton Bank and Philadelphia National Bank, where he began his banking career.

In addition, Pearson served on the Graystone Bank and Tower Bancorp, Inc. Board of Directors from 2007 to 2012, including as its Lead Director and Chairman of its Governance Committee, and was a member of the Federal Reserve Bank’s Thrift Advisory Council. He also is a Trustee Emeritus of Juniata College and a member of the Pennsylvania Bankers Association.

“Chuck’s banking and leadership experience make him a tremendous asset to Old Dominion as we execute on our strategic growth initiatives,” Chairman Wesley Yuan said. “Having led several banks through periods of significant growth, he will be an excellent source of guidance as we seek to grow into a high-performing regional financial institution.”

Active in the community, the Mechanicsburg, Pa. resident has volunteered with numerous nonprofit and business organizations, including WITF Public Broadcasting, the Harrisburg and Mainline YMCAs, the Hershey Medical Center, the State College Chamber of Commerce, Pennsylvania Centre Stage, and the Greater Harrisburg United Way.

Pearson served as a Lieutenant in the U.S. Navy on board a destroyer in the Pacific Fleet. He earned his undergraduate degree from the University of Pennsylvania and his Masters of Business Administration from the Wharton School.

About Old Dominion National Bank

Old Dominion is an independent, locally-owned and managed bank with its executive offices in Tysons Corner, Va., with approximately $125 million in assets. Old Dominion's Tysons Corner full-service branch serves a growing number of customers across the Washington metropolitan area, and the bank's three full-service locations in the Charlottesville area serve Albemarle County and Central Virginia. Old Dominion offers a full range of commercial and consumer financial services in the communities it serves. Please visit the bank online at ODNBonline.com.

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