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MCLEAN, Va., Jan. 28, 2021 /PRNewswire/ Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) ( Southern National or the Company ), and its wholly-owned subsidiary Sonabank (the Bank ), today announced net income of $9.0 million for the quarter ended December 31, 2020, compared to $9.0 million for the quarter ended December 31, 2019. Earnings per share for the three months ended December 31, 2020 were $0.37 on both a basic and diluted basis representing no change from the three months ended December 31, 2019.
Earnings for the twelve months ended December 31, 2020 were $23.3 million compared to $33.2 million for the twelve months ended December 31, 2019. Earnings per share for the twelve months ended December 31, 2020 were $0.96 on both a basic and diluted basis compared to $1.38 basic and $1.36 diluted for the twelve months ended December 31, 2019.
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MCLEAN, Va., Jan. 11, 2021 /PRNewswire/ Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) ( Southern National or the Company ), and its wholly-owned subsidiary Sonabank (the Bank ), today announced that Matthew A. Switzer has joined the Company as Executive Vice President and Chief Financial Officer. Jeff Karafa has assumed the title of Chief Accounting Officer and will continue to be responsible for the accounting and financial reporting functions of the Company.
Mr. Switzer brings a wealth of financial services experience to Southern National. He has spent the last fifteen years as an investment banker advising community banks on mergers and acquisitions, capital raising and strategy. Mr. Switzer comes to the Company from Stephens Inc. where he was a managing director and prior to that was a managing director with Keefe, Bruyette & Woods, a Stifel Company. A Richmond, Virginia native, Mr. Switzer has an MBA with a conc