All Releases
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Sonabank Hires Chief Credit Officer
Feb 18, 2010
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MCLEAN, Va., Feb. 18, 2010 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) announced today that Carl J. Wallace has joined its Sonabank subsidiary, as its Chief Credit Officer. William J. Stevens, currently Chief Credit Officer, will become Chief Risk Officer effective immediately. Both will report directly to Chairma...
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Southern National Bancorp of Virginia Inc. Reports Earnings of $2.4 Million for 2009
Feb 1, 2010
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MCLEAN, Va., Feb. 1, 2010 (GLOBE NEWSWIRE) -- 2009 was an eventful year for Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) and its banking subsidiary Sonabank:
During the third quarter Sonabank assumed $26.6 million in deposits of Millennium Bank’s branch in Warrenton, Virginia. In addition, Sonabank purchased $23.6 million in selecte...
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Sonabank Acquires All Deposits and Loans of Reston Based Greater Atlantic Bank
Dec 4, 2009
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MCLEAN, Va., Dec. 4, 2009 (GLOBE NEWSWIRE) -- Sonabank, a subsidiary of Southern National Bancorp of Virginia Inc. (Nasdaq:SONA) announced today that it has entered into an agreement with the Federal Deposit Insurance Corporation ("FDIC") to assume all of the deposits and certain assets of Greater Atlantic Bank ("Greater Atlantic"), a stock savings...
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Southern National Bancorp of Virginia, Inc. Raises $27.0 Million in New Capital
Nov 4, 2009
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MCLEAN, Va., Nov. 4, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (the "Company") (Nasdaq:SONA), the holding company for Sonabank, announced today that it has closed its recently announced underwritten public offering of common stock, which included the full exercise of the underwriter's over-allotment option, and issued a t...
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Southern National Bancorp of Virginia, Inc. Announces Pricing of Common Stock Offering
Oct 30, 2009
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MCLEAN, Va., Oct. 30, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (the "Company") (Nasdaq:SONA), the holding company for Sonabank, announced today that it has priced an underwritten public offering of 4,166,666 shares of its common stock at $6.00 per share. The net proceeds of the offering after deducting underwriting disco...
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Southern National Bancorp of Virginia, Inc. Commences Common Stock Offering
Oct 26, 2009
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MCLEAN, Va., Oct. 26, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (the "Company") (Nasdaq:SONA), the holding company for Sonabank, announced today that it has initiated a public offering to sell $25.0 million of its common stock in an underwritten public offering. FIG Partners, LLC is acting as the sole manager for the offe...
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Southern National Bancorp Reports 3rd Quarter After Tax Profit of $214 Thousand
Oct 20, 2009
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MCLEAN, Va., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA) announced today that net income was $214 thousand during the quarter ended September 30, 2009.
The third quarter of 2009 was marked by a number of positive factors partially offset by a material negative factor.
The positive factors were as...
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Southern National Bancorp of Virginia, Inc. Announces Common Stock Offering
Oct 14, 2009
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MCLEAN, Va., Oct. 14, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) (the "Company"), the holding company for Sonabank, announced today that it has commenced a public offering to sell $25.0 million of its common stock in an underwritten public offering. FIG Partners, LLC is acting as the sole manager for the o...
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Southern National Bancorp of Virginia, Inc. Opens Branch Acquired From Millennium Bank in Warrenton, Virginia
Sep 28, 2009
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MCLEAN, Va., Sept. 28, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA), the holding company for Sonabank, is now open for business in its newly acquired branch in Warrenton, Virginia on Monday, September 28th. Under a previously announced agreement, Sonabank acquired selected loans and assumed approximately $26...
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Southern National Bancorp of Virginia Inc. Reports Reduced Earnings for the Second Quarter and First Half of 2009
Jul 24, 2009
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MCLEAN, Va., July 24, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that net income for the quarter ended June 30, 2009 was $23 thousand and $549 thousand for the six months ended June 30, 2009 compared to $450 thousand and $951 thousand during the second quar...
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Southern National Bancorp of Virginia, Inc. to Acquire the Warrenton Branch of Millennium Bank of Virginia
Jun 22, 2009
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MCLEAN, Va., June 22, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that Sonabank has entered into a definitive agreement to purchase the Warrenton branch office, acquire approximately $26 million in selected loans and to assume approximately $26 million of t...
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Sonabank Receives Award From the Richmond District of the SBA for Being the Leading Community Bank Originator of SBA Loans in 2008
May 12, 2009
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MCLEAN, Va., May 12, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that the bank had received an award from the Richmond District of the SBA for being the leading community bank originator of SBA loans during the year ended 9/30/08. Results of the five leading...
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Southern National Bancorp of Virginia Inc. Reports Earnings for the First Quarter of 2009, Up 5% From the First Quarter of 2008
Apr 23, 2009
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MCLEAN, Va., April 23, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that net income for the quarter ended March 31, 2009 was $526 thousand compared to $501 thousand during the quarter ended March 31, 2008.
Our earnings are up despite three serious h...
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Sonabank Introduces SABL, a Proprietary On-Line Asset Based Lending System
Mar 4, 2009
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MCLEAN, Va., March 4, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) announced today that its banking subsidiary, Sonabank, has completed the design and the coding of SABL, a state of the art asset based lending system and has begun beta testing of the system with two clients. One of the clients is a major gov...
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Southern National Bancorp of Virginia Inc. Reports Earnings of $1.2 Million for 2008
Jan 22, 2009
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MCLEAN, Va., Jan. 22, 2009 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) announced today that net income for the year ended December 31, 2008, was $1.2 million compared to $1.7 million in the year ended December 31, 2007. Southern National Bancorp's earnings in both 2008 and 2007 were adversely affected b...
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Southern National Bancorp of Virginia Inc. Reports That Sonabank Has Moved Its Headquarters to McLean, Virginia and Has Converted to a State Charter
Jan 5, 2009
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MCLEAN, Va., Jan. 5, 2009 (GLOBE NEWSWIRE) -- Georgia S. Derrico, Chairman and CEO of Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), announced today that Sonabank has moved its headquarters to McLean, Virginia and has changed from a nationally chartered bank to a state chartered bank.
The relocation of the headquarters to Mc...
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Southern National Bancorp of Virginia Inc. Reports That Sonabank Has Moved Its Headquarters to McLean, Virginia and Has Converted to a State Charter
Jan 5, 2009
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MCLEAN, Va., Jan. 5, 2009 (GLOBE NEWSWIRE) -- Georgia S. Derrico, Chairman and CEO of Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), announced today that Sonabank has moved its headquarters to McLean, Virginia and has changed from a nationally chartered bank to a state chartered bank.
The relocation of the headquarters to Mc...
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Southern National Bancorp of Virginia, Inc. Will Not Apply to Participate in the Capital Purchase Program
Nov 14, 2008
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CHARLOTTESVILLE, Va., Nov. 14, 2008 (GLOBE NEWSWIRE) -- After careful consideration, the management and the Board of Directors of Southern National Bank of Virginia, Inc. (Nasdaq:SONA) have decided not to apply to participate in the Treasury Department's Capital Purchase Program (the "CPP").
Georgia S. Derrico, Chairman and CEO of Southe...
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Sonabank is the Leading Local Community Bank Originator of SBA Loans in the Combined Washington DC and Richmond, Va. District Offices of the SBA During the Fiscal Year Ended 9/30/08
Oct 29, 2008
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CHARLOTTESVILLE, Va., Oct. 29, 2008 (GLOBE NEWSWIRE) -- During the SBA's fiscal year ended 9/30/08 the originations of the top seven local Community Banks of SBA loans in the combined Washington DC and the Richmond, Virginia district offices of the SBA were as follows, with Sonabank (Nasdaq:SONA) in the lead:
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Southern National Bancorp Reports 3rd Quarter After Tax Profit of $588 Thousand, An Increase of 26 Percent Over the Same Quarter of 2007, Before Loss On Freddie Mac Perpetual Preferred Stock of $1.3 million
Oct 27, 2008
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CHARLOTTESVILLE, Va., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA) announced today a net loss for the quarter ended September 30, 2008 of $757 thousand after the recognition of an "Other than Temporary Impairment" on Freddie Mac perpetual preferred stock owned by the Company, on which we had taken im...
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