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Bank holding company: Southern National Bancorp of Virginia (SONA) (2004)

Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) was founded in 2004 and is headquartered in McLean, Virginia, USA. It has 162 full-time employees. It is a bank holding company. By controlling Sonabank, it has expanded to the mid-market in the United States. Corporate and retail customers provide commercial banking services.

Sonabank

Southern National Bancorp of Virginia (SONA):

  1. Southern National Bancorp of Virginia, Inc. deposit products include non-interest-bearing and interest-bearing checks, business checks, money market and savings accounts, and certificates of deposit.
  2. The company’s loan portfolio includes commercial real estate loans, permanent loan construction, development loans, construction loans, accounts receivable financing, credit lines, equipment and vehicle loans, leasing and commercial overdraft protection and other commercial mortgage and non-mortgage loans.
  3. Construction loans for commercial, multi-family and other non-residential properties;
  4. Commercial loans such as line of credit, revolving credit, demand loans, term loans, equipment loans, small business management loans, standby letters of credit and unsecured loans;
  5. home mortgage loan;
  6. Guaranteed and unsecured consumer loans;
  7. The company also provides cash management services including investment/clearing, zero balance and controlled payment accounts; wire transfer, employer/payroll processing, night deposit and withdrawal, lock box, deposit transfer, merchant, ACH initiation, check processing, asset loan and Mobile banking application services;
  8. In addition, the company also provides other consumer/retail products and services, including debit and credit cards, ATM services, traveler’s checks, notarization services, and online banking services.

Southern National Bancorp of Virginia, Inc. has 15 branches in Charlottesville, Warrenton, Middleburg, Leesburg, South Riding, Front Royal, New Market, Hay Market, Richmond, a and Clifton Forge, Virginia. Opened 8 branches in Rockville, Shady Grove, Frederick, Bethesda, Upper Marlboro, Brandywine, Owings, and Huntingtown, Maryland.

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