Southern National Bancorp of Virginia Stock Company Profile

Description

Southern National Bancorp of Virginia, Inc. operates as the bank holding company for Sonabank that provides commercial banking services to middle market corporate clients and retail clients in the United States. Its deposit products include non-interest-bearing and interest-bearing checking accounts, commercial checking accounts, money market accounts, savings accounts, and certificates of deposit. The company’s loan portfolio comprises commercial mortgage and non-mortgage loans, including commercial real estate loans, construction to permanent loans, development and builder loans, accounts receivable financing, lines of credit, equipment and vehicle loans, leasing, and commercial overdraft protection; construction loans for commercial, multifamily, and other non-residential properties; commercial business loans, such as lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; and secured and unsecured consumer loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, lockbox, depository transfers, merchant, ACH originations, business debit cards, check 21 processing, and asset based lending services. In addition, the company provides other consumer/retail products and services that include debit and credit cards, ATM services, travelers’ checks, notary services, and online banking with bill payment services. It operates a network of 15 branches in Fairfax County located in Charlottesville, Warrenton, Middleburg, Leesburg, South Riding, Front Royal, New Market, Hay Market, Richmond, and Clifton Forge, Virginia; and 8 branches in Rockville, Shady Grove, Frederick, Bethesda, Upper Marlboro, Brandywine, Owings, and Huntingtown in Maryland. The company was founded in 2004 and is headquartered in McLean, Virginia.