Posted In Fund VII

Southern National Bancorp of Virginia, Inc. is now Primis Financial Corp.

  • Posted 03/31/2021
  • Jennifer Lian
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MCLEAN, Va., March 31, 2021 /PRNewswire/ — Southern National Bancorp of Virginia, Inc. (the “Company”) (NASDAQ: SONA), the parent of Sonabank, today announced that it has changed its corporate name and will now be known as Primis Financial Corp.  In addition, as previously disclosed, Sonabank, the Company’s wholly-owned bank subsidiary, has also changed its name to Primis Bank effective today.  Follow this link to continue CONTINUE READING >>

Northpointe Bancshares, Inc. Closes Non-Cumulative Perpetual Preferred Stock Offering

  • Posted 12/30/2020
  • Jennifer Lian
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GRAND RAPIDS, Mich., December 30, 2020 (Newswire.com) – Northpointe Bancshares, Inc. (“Northpointe”), parent company of Northpointe Bank, announced today that it has completed a private placement of 3,800,000 depositary shares, each representing a 1/40th interest in a share of its 8.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, to certain qualified institutional buyers and accredited investors. Each preferred share has a liquidation CONTINUE READING >>

CFBank And Consumers National Bank Enter Into Agreement For Consumers To Purchase CFBank’s Two Columbiana County, Ohio Branches

  • Posted 12/29/2020
  • Jennifer Lian
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WORTHINGTON, Ohio and MINERVA, Ohio, Dec. 29, 2020 /PRNewswire/ — CFBank, National Association (“CFBank”) and Consumers National Bank (“Consumers”) have announced the signing of a branch purchase and assumption agreement pursuant to which Consumers will acquire the Wellsville, Ohio drive-up branch and the Calcutta, Ohio branch of CFBank. The purchase and assumption agreement provides for the transfer by CFBank to Consumers of the land, buildings and other associated assets of CONTINUE READING >>

Pathfinder Bancorp, Inc. Announces Completion of $25 Million Private Placement of Subordinated Notes

  • Posted 10/15/2020
  • Jennifer Lian
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OSWEGO, N.Y., Oct. 14, 2020 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), today announced the completion of its private placement of $25 million of its 5.50% Fixed to Floating Rate Subordinated Notes (the “Notes”) to certain qualified institutional buyers and accredited institutional investors. The Notes will have a maturity date of CONTINUE READING >>