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sonabank.com

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About Southern National Bancorp

Southern National Bancorp (NASDAQ: SONA) is a bank holding company that operates through its wholly-owned susbsidiary Sonabank. Sonabank provides a range of financial services to individuals and small and medium-sized businesses.

Southern National Bancorp Headquarter Location

6830 Old Dominion Drive

McLean, Virginia, 22101,

United States

703-893-7400

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Latest Southern National Bancorp News

Southern National in Virginia to rebrand as Primis Financial

Jan 29, 2021

By  Paul Davis January 29, 2021, 9:48 a.m. EST 1 Min Read Southern National Bancorp of Virginia in Charlottesville, Va., is taking on a new identity. The $3 billion-asset company said it will rebrand as Primis Financial on March 31. Its Sonabank unit will become Primis Bank, while its stock symbol will change from SONA to FRST. "Over the last year, we have focused hard on our culture,” Dennis Zember, Southern National’s president and CEO, said in a press release Thursday. "We want to deliver a better return for our shareholders and an experience for our customers that prompts them to brag about us," says Southern National CEO Dennis Zember. “Our efforts have centered on building the foundation for a company with higher expectations around innovation and technology,” Zember added. “We want to deliver a better return for our shareholders and an experience for our customers that prompts them to brag about us. … This kind of effort and commitment deserves a first-class brand." The announcement comes a year after Southern National coaxed Zember to return to banking after a year away from the industry. Zember abruptly resigned as the leader of Ameris Bancorp in July 2019 to address undisclosed “family and personal matters.” Southern National also said its fourth-quarter earnings fell 6.5% from a quarter earlier to $9 million. Its loan-loss provision increased by 55% to $3.1 million.

Southern National Bancorp Acquisitions

1 Acquisition

Southern National Bancorp acquired 1 company. Their latest acquisition was Eastern Virginia Bankshares on December 13, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/13/2016

Merger

4

Date

12/13/2016

Investment Stage

Companies

Valuation

Total Funding

Note

Merger

Sources

4

Southern National Bancorp Service Providers

1 Service Provider

Southern National Bancorp has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Merger

Underwriter

Financial Advisor

Service Provider

Associated Rounds

Merger

Provider Type

Underwriter

Service Type

Financial Advisor

Partnership data by VentureSource

Southern National Bancorp Team

1 Team Member

Southern National Bancorp has 1 team member, including former Chief Financial Officer, Joseph Pennington.

Name

Work History

Title

Status

Joseph Pennington

Chief Financial Officer

Former

Name

Joseph Pennington

Work History

Title

Chief Financial Officer

Status

Former

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