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Get to know Southern National Bancorp of Virginia

Southern National Bancorp of Virginia, Inc. operated as the holding company for Sonabank, its main subsidiary. Sonabank was a state-chartered bank headquartered in McLean, Virginia, that offered a full suite of commercial and retail banking products and services to individuals and small-to-medium-sized businesses. The company focused on community banking, building customer relationships across its network of branches in Virginia and Maryland. In 2021, Southern National Bancorp of Virginia merged with Primis Financial Corp., and Sonabank was subsequently rebranded as Primis Bank, creating a larger financial institution to serve the Mid-Atlantic region.

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Southern National Bancorp of Virginia

United States

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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