CHARLOTTESVILLE, Va., Dec. 17, 2007 (PRIME NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) today announced the approval of its application to upgrade its exchange listing to the NASDAQ Global Market from NASDAQ Capital Market. The Company's shares will begin trading on the Global Market at the open of trading on December 18, 2007, and will continue to be listed under the trading symbol of SONA.
"Moving to the NASDAQ Global Market is significant for our shareholders because it should give us increased visibility and liquidity, especially with institutional investors," said Georgia S. Derrico, Chairman and Chief Executive Officer. "The upgraded listing recognizes the company's ability to meet more stringent listing requirements with NASDAQ, and we will be joining the exchange's component that is home to 45% of NASDAQ-listed companies."
Southern National Bancorp of Virginia is the holding company for Sonabank N.A.
Forward-Looking Statements
This press release contains forward-looking statements as defined by federal securities laws. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections. Southern National Bancorp of Virginia, Inc. undertakes no obligation to revise these statements following the date of this press release.