MCLEAN, Va., June 17, 2013 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia, Inc. (Nasdaq:SONA) announced today that John Colantoni has joined its Sonabank subsidiary, as its Senior Vice President, Director of Internal Audit.
Colantoni is a CPA with over 33 years of auditing experience. From 1989 to 2013, Colantoni served as a Senior Audit Specialist at the FDIC, managing numerous audits pertaining to a wide range of programs and functions regarding the FDIC's regulatory responsibilities. His audits helped the FDIC to ensure data integrity, comply with laws and regulations, and improve the efficiency and effectiveness of its programs and functions.
Georgia S. Derrico, Chairman and CEO commented: "As Sonabank grows, we continue to broaden and deepen our team. We believe that John will be a valuable addition to our management and internal audit team. John's experience with the FDIC will serve him well as he helps to manage risk for the bank as a whole."
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.