WASHINGTON, D.C. – Troutman Pepper Locke represented ODNB Financial Corporation (ODNB), the holding company of Old Dominion National Bank, in its definitive merger agreement with National Capital Bancorp, Inc. (NACB), the holding company of The National Capital Bank of Washington. Under the terms of the agreement, NACB will merge into ODNB, with ODNB surviving as the bank holding company. For more information, see the press release.
The combined holding company, which will be named National Capital Bancorp, Inc., expects to list its common stock on Nasdaq or the New York Stock Exchange and trade under the ticker symbol “NACB”. The combined company is expected to have total assets of approximately $2.4 billion on a pro forma basis at closing.
The Troutman Pepper Locke team that advised ODNB was led by Greg Parisi, Seth Winter, and Adrianna ScheerCook and included Sheri Adler, Elisabeth Baldwin, Tom Phelan, Keegan McCoy, and Scott Grundei.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
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