News & Videos - SOUTHERN NATIONAL BANCORP OF VIRGINIA - Page 2

MCLEAN, Va., Jan. 27, 2017 (GLOBE NEWSWIRE) -- Despite some distractions during the fourth quarter of 2016 related to its transformational merger of equals with Eastern Virginia Bankshares (“EVBS”), Southern National Bancorp of Virginia, Inc. (“Southern National”) announced today strong earnings for the fourth quarter and the year. Net income for the year ended December 31, 2016 was $10.3 million an 11% increase compared to $9.3 million for the year ended December 31, 2015. Core net...

MCLEAN, Va., Jan. 20, 2017 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) (“Southern National”), the holding company of Sonabank, announced that it had completed the sale of $27 million of its fixed-to-floating rate Subordinated Notes due 2027 (the “Notes”). The Notes will initially bear interest at 5.875% per annum until January 31, 2022; thereafter, the Notes will be payable at an annual floating rate equal to three-month LIBOR plus a spread of 3.95%...

Transaction Expected to be Materially Accretive to Earnings per Share Combines Strong Commercial Lending Business with a 100 Year Old Deposit Franchise Combined Franchise Will Operate in Virginia’s and Maryland’s Most Attractive Markets MCLEAN, Va. and RICHMOND, Va., Dec. 13, 2016 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) (“Southern National”), the holding company of Sonabank, and Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (“Eastern...

MCLEAN, Va., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (NASDAQ:SONA), the holding company for Sonabank, announced today that net income for the third quarter and nine months ended September 30, 2016 was $2.8 million and $8.1 million, respectively, compared to $2.5 million and $7.0 million during the third quarter and the first nine months of 2015. Third quarter diluted earnings per share were $.22 compared to $.20 in the third quarter of last year. The Board of...