MCLEAN, Va., May 23, 2012 (GLOBE NEWSWIRE) -- Sonabank will open its 20th branch in Haymarket, Virginia subject to regulatory approval. This will be Sonabank's 20th retail branch, and its first branch in Prince William County. The opening date is projected to be in mid August.
Sonabank CEO Georgia Derrico commented, "Haymarket is an excellent market and this branch will fill in our footprint well in that area. We are looking forward to growing our franchise further and becoming involved in the local community."
As of March 31, 2012 total assets of Southern National Bancorp of Virginia were $610.8 million. Southern National Bancorp of Virginia is traded on NASDAQ under the ticker symbol "SONA". Sonabank is the banking subsidiary of Southern National Bancorp of Virginia. Sonabank operates retail banking offices in McLean, Reston, Herndon, Warrenton (2), Leesburg (2), Charlottesville, Middleburg, Midlothian, Front Royal, Newmarket, South Riding and Clifton Forge, Virginia and in Maryland, Sonabank has branches in Rockville, North Rockville, Bethesda, Germantown, and Frederick.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that relate to future events or the future performance of Southern National Bancorp of Virginia, Inc. Forward-looking statements are not guarantees of performance or results. These forward-looking statements are based on the current beliefs and expectations of the respective management of Southern National Bancorp and Sonabank and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond their respective control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed or implied in these forward-looking statements because of numerous possible uncertainties. Words like "may," "plan," "contemplate," "anticipate," "believe," "intend," "continue," "expect," "project," "predict," "estimate," "could," "should," "would," "will," and similar expressions, should be considered as identifying forward-looking statements, although other phrasing may be used. Such forward-looking statements involve risks and uncertainties and may not be realized due to a variety of factors. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q) filed by Southern National Bancorp. You should consider such factors and not place undue reliance on such forward-looking statements. No obligation is undertaken by Southern National Bancorp to update such forward-looking statements to reflect events or circumstances occurring after the issuance of this press release.