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Southern National Bancorp of Virginia, Inc. Announces Closing of Subordinated Notes Offering

  • Posted 08/25/2020
  • Jennifer Lian
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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 >>

Southern National Bancorp of Virginia, Inc. Announces the Addition of Tyler Stafford as President of Panacea Financial, a New Division of the Company

  • Posted 07/13/2020
  • Castle Creek
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MCLEAN, Va.–(PRNewswire)–Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) (the “Company”) today announced that Tyler Stafford has joined the executive team as President of Panacea Financial, a newly created division of the Company. Concurrently with Mr. Stafford’s hiring, the Company announced that it has agreed to an exclusive marketing and licensing agreement with Panacea Financial, LLC which will focus on CONTINUE READING >>

Southern National Bancorp of Virginia Files Mixed Shelf

  • Posted 04/29/2020
  • Castle Creek
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Copyright © 2020, SNL Financial By Arra Francia Southern National Bancorp of Virginia Inc. filed a shelf registration statement for the sale of up to $75 million of various securities that it may offer from time to time.  The filing covers common stock, preferred stock, senior debt securities, subordinated debt securities, depositary shares, purchase contracts, units, warrants and rights.  The company CONTINUE READING >>

Leadership Transition at Southern National Bancorp of Virginia, Inc.

  • Posted 03/31/2020
  • Jennifer Lian
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MCLEAN, Va., March 31, 2020 /PRNewswire/ — Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) (the “Company”) announced today that Ms. Georgia S. Derrico is retiring from her position as Executive Chairman of the Board of each of the Company and its wholly-owned subsidiary, Sonabank, and that Mr. R. Roderick Porter is retiring from his position as Executive Vice Chairman CONTINUE READING >>