Southern National Bancorp of Virginia, Inc. is a bank holding company with assets of more than $2.5 billion (as June 30, 2017). Its sole subsidiary unit, Sonabank, provides a range of financial services to individuals and small and medium-sized businesses. Sonabank operates a network of thirty-nine branches in Virginia, eight branches in Maryland, and also lends in the greater Washington, DC metropolitan market.
Fund IV was previously invested in Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS), which was acquired by Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) in a merger of equals effective as of June 23, 2017. For more information on the transaction, please read this press release. Eastern Virginia Bankshares, Inc. was a bank holding company headquartered in Tappahannock, Virginia. Through its wholly-owned bank subsidiary, EVB, founded in 1910, the Company operated more than twenty full service branches, primarily in eastern Virginia. EVB traced its history to the formation of its predecessors Southside Bank and Bank of Northumberland, Inc. in 1910 and Hanover Bank in 2000. EVB was a community bank targeting small to medium-sized businesses and consumers.← Back to Portfolio Page