WASHINGTON, D.C. – Troutman Pepper Locke advised ODNB Financial Corporation, the holding company for Old Dominion National Bank, a locally owned community bank serving markets including the Washington, D.C. metro area, in the completion of a private placement of a $25 million 7.25% fixed-to-floating rate subordinated note due 2035 to a subsidiary of EJF Capital, LLC, a locally-based global institutional asset management firm specializing in financials. For more information, see the press release.

ODNB Financial Corporation intends to use the net proceeds from the offering for general corporate purposes.

The Troutman Pepper Locke team that advised ODNB Financial Corporation included Greg Parisi, Adrianna ScheerCook, and Brenna Sheffield.

Troutman Pepper Locke’s Financial Services Group offers comprehensive support to financial services businesses in today’s challenging and ever-changing environment. Consistently recognized as a leading service provider to all segments of the financial services industry, the firm provides timely and practical counsel to guide clients with their most important decisions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.

Troutman Pepper Locke

Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.

Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of Gregory Parisi Gregory Parisi

Greg leverages his broad experience and pragmatic approach, bringing a wealth of knowledge, business insight and practical problem-solving skills to efficiently manage transactions and advise clients in an evolving legal landscape. He combines his corporate and transactional experience with a robust knowledge of…

Greg leverages his broad experience and pragmatic approach, bringing a wealth of knowledge, business insight and practical problem-solving skills to efficiently manage transactions and advise clients in an evolving legal landscape. He combines his corporate and transactional experience with a robust knowledge of bank regulatory issues to provide valued legal solutions for financial institutions, financial technology companies and other businesses. Greg often works closely with clients to design and implement internal policies and procedures and contractual safeguards in commercial arrangements in connection with corporate and regulatory requirements and risk management best practices.

Read more about Gregory ParisiGregory's Linkedin Profile
Show more Show less
Photo of Adrianna ScheerCook Adrianna ScheerCook

Adrianna is an associate in the firm’s Corporate practice, where she focuses on providing regulatory and corporate advice to financial institutions, advising them on a variety of regulatory and compliance matters, including in connection with applications to federal regulatory agencies. She also represents

…

Adrianna is an associate in the firm’s Corporate practice, where she focuses on providing regulatory and corporate advice to financial institutions, advising them on a variety of regulatory and compliance matters, including in connection with applications to federal regulatory agencies. She also represents financial institutions regarding securities offerings, securities regulation, mergers and acquisitions, and general corporate governance.

Read more about Adrianna ScheerCook
Show more Show less
Photo of Brenna Sheffield Brenna Sheffield

Brenna works with public and private companies on a wide range of corporate matters including equity and debt offerings, SEC reporting, corporate governance and financial services regulatory matters.

Read more about Brenna Sheffield
Related Posts
FS_BankSecrecy_GettyImages-479137569
Troutman Pepper Locke Advises Clients in Three Recent Bank M&A Transactions
December 22, 2025
creditorsrightstoolkit_og_what-is-a-341-meeting
PLI’s Banking Law Institute 2025
November 4, 2025
gettyimages-500147019_og_award
Troutman Pepper Locke Financial Services Attorneys Designated as "Lawyer of the Year"
August 25, 2025