Virginia Inc.’s Southern National Bancorp and its Sonabank banking subsidiary changed their company name to Primis Financial Corp., effective March 31. and Primis Bankm changed.
The name of the Sonabank is gone. It is now called Primis Bank.
McLean-based Southern National Bancorp owned by Virginia Inc., the parent company of Henrico County-based Sonabank, changed its company name to Primis Financial Corp. effective Wednesday. and its subsidiary in the Operis Bank in Primis Bank.
The company’s ticker symbol has also been changed from SONA to FRST.
The bank announced its plans for a rebranding at the end of January. The name Primis means “first” in Latin.
“Renaming our company was a logical decision after the board and executive team embraced a new vision,” said Dennis J. Zember, Jr., President and CEO of the company. “The new vision is focused on innovating to deliver more meaningful results to our customers and shareholders, in a culture that is exciting and contagious. Our people’s efforts to make this vision a reality deserve top-notch Brand like we have with Primis. “
Part of the name change also better reflects the company’s goals and potential geographic expansion, he said in January.
In recent years, Southern National – now Primis Financial – has grown to become the second largest community bank based in Virginia. As of December 31, total assets were $ 3.09 billion and deposits were $ 2.43 billion. The company has 42 full-service offices in Virginia and Maryland, including nine in the Richmond area.