MCLEAN, Va., Aug. 31, 2016 /PRNewswire/ -- Old Dominion National Bank promoted Amanda S. Tucker to Executive Vice President and Chief Operating Officer, overseeing the bank's enterprise risk management, compliance, operations, and marketing programs.
Tucker, who joined Old Dominion in 2014 as Chief Risk Officer, brings a wealth of experience to her new role, having held leadership positions in risk and compliance at larger Virginia financial institutions after beginning her career as a banking regulator.
"Amanda is a premier risk compliance executive in the community banking space, effectively navigating financial institutions through the complex and ever-changing regulatory environment," said Mark S. Merrill, President and CEO. "As COO, we expect Amanda's insights, leadership, and ability to build strong and engaged teams to be invaluable as we execute our strategy that calls for further organic growth in the Charlottesville area and expansion of our reach in Northern Virginia."
Specifically, Tucker will focus on further strengthening Old Dominion's corporate-wide operational risk management program in order to ensure compliance and execution of the bank's growth strategy, as well as enhancing the client experience and operational efficiency. A Charlottesville resident, Tucker will be based in the bank's new downtown Charlottesville offices.
Prior to joining Old Dominion, Tucker managed risk and compliance programs at Virginia banks with assets ranging from $500 million to more than $7 billion. Until 2014, she served as senior vice president and operational risk manager for Union Bankshares Corporation. She joined Union through its acquisition of StellarOne Corporation, where she served as the director of anti-money laundering (AML) and fraud. Previously, Tucker served as vice president of compliance for Community Bank.
Tucker began her banking career as an examiner with the Massachusetts Division of Banks. There, she participated in the safety and soundness examinations of state chartered banks, with a focus on Bank Secrecy Act (BSA) and information technology federal guidelines and standards examinations.
Tucker is a graduate of Hartwick College in New York and holds a Bachelor's of Arts in Political Science. She is also a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti-Money Laundering Specialist (CAMS). She currently serves as a director on the BSA Coalition's Advisory Board, and a director on the Association of Certified Anti-Money Laundering Specialists (ACAMS) Richmond Board.
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 $55 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.
Forward Looking Statements
Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often include the words "believes," "expects," "anticipates," "estimates," "forecasts," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions or future or conditional verbs such as "may," "will," "should," "would" and "could." These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the forward-looking statements, including the following: the strength of the United States economy in general and the strength of the local economies in which the Bank conducts operations; fluctuations in interest rates and in real estate values; monetary and fiscal policies of the Board of Governors of the Federal Reserve System and the U.S. Government and other governmental initiatives affecting the financial services industry; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Bank's ability to access cost-effective funding; the timely development of and acceptance of the Bank's new products and services and the perceived overall value of these products and services by customers, including the features, pricing and quality compared to competitors' products and services; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Bank's market areas; legislative or regulatory changes that adversely affect the Bank's business; results of examinations of the Bank and its subsidiaries by their regulators, including the possibility that such regulators may, among other things, take regulatory enforcement action or require the Bank's to increase its reserves for loan losses or to write-down assets; the impact of technological changes; and the Bank's success at managing the risks involved in the foregoing. Any forward-looking statements are based upon management's beliefs and assumptions at the time they are made. The Bank undertakes no obligation to publicly update or revise any forward-looking statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed might not occur, and you should not put undue reliance on any forward-looking statements.
Old Dominion National Bank
Mark S. Merrill
President and Chief Executive Officer
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SOURCE Old Dominion National Bank