Southern National Bancorp of Virginia, Inc. Announces Closing of Subordinated Notes Offering
MCLEAN, Va., Aug. 25, 2020 /PRNewswire/ — Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) (the “Company”) the parent company of Sonabank, today announced that it had completed its previously announced underwritten offering and sale of its $60.0 million aggregate principal amount of 5.40% Fixed-to-Floating Rate Subordinated Notes due 2030. The Company expects to use the net proceeds of the offering for general corporate purposes, which CONTINUE READING >>