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Southern National Bancorp of Virginia Inc. (SONA)

11.35 Up 0.02(0.18%) Oct 17, 4:00PM EDT
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Southern National Bancorp of Virginia Inc.
6830 Old Dominion Drive
McLean, VA 22101
United States - Map
Phone: 703-893-7400
Fax: 703-893-7488

Index Membership:N/A
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:140

Business Summary 

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 deposits. The company’s loan products 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; small business administration loans and stand-by letters of credit; home equity lines of credit; and secured and unsecured consumer loans primarily for personal, family, or household purposes. 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, wire transfers, and online banking with bill payment services. It operates a network of 15 branches in Fairfax County, in Charlottesville, Warrenton, Middleburg, Leesburg, South Riding, Front Royal, New Market, Richmond, Haymarket, and Clifton Forge, Virginia; 5 branches in Maryland; and loan production offices in Richmond, Charlottesville, Warrenton, and Fredericksburg. The company was founded in 2004 and is headquartered in McLean, Virginia.

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Key Executives 
Ms. Georgia S. Derrico , 69
Co-Founder, Chairman, Chief Exec. Officer, Member of Asset-Liability Management Committee, Chairman of The Board Sonabank and Chief Exec. Officer Sona Bank
Mr. R. Roderick Porter , 68
Co-Founder, Vice-Chairman, Pres, Chief Operating Officer, Chairman of Asset-Liability Management Committee, Pres of Sona Bank, Chief Operating Officer of Sona Bank and Director of Sona Bank
Mr. William H. Lagos , 63
Chief Financial Officer, Principal Accounting Officer, Sr. VP, Chief Financial Officer of Sona Bank and Sr. VP of Bank
Mr. William H. Stevens , 70
Chief Risk Officer, Exec. VP, Chief Risk Officer of Sona Bank and Exec. VP of Sona Bank
Mr. Thomas P. Baker , 67
Chief Credit Officer, Sr. VP, Chief Credit Officer of Sona Bank and Sr. VP of Sona Bank
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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