News

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 >>

Bank of Southern California Expands Its Footprint to Include the San Fernando Valley

  • Posted: 01/25/2021
  • Jennifer Lian
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San Diego, January 25, 2021 – Bank of Southern California, N.A. (OTC Pink: BCAL), a commercial bank headquartered in San Diego, is excited to announce the opening of a full-service branch location in Encino. The Encino office will be the Bank’s first location within the San FernandoValley, and its third within Los Angeles County. This marks an important step for CONTINUE READING >>

SouthCrest Bank Completes the Purchase of Thomaston Branch from Colony Bank

  • Posted: 01/5/2021
  • Jennifer Lian
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ATLANTA, Jan. 05, 2021 (GLOBE NEWSWIRE) — SouthCrest Bank, a division of SouthCrest Financial Group (SCSG: PK), completed the purchase of the Thomaston, GA branch of Colony Bank on December 30th, 2020. As previously announced, the purchase included effectively all of the deposits associated with the branch and a select number of loans. As of December 31st, the transferred accounts 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 >>