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News Breaks
March 26, 2014
12:04 EDTEVBS, SONASouthern National, Eastern Virginia in deal for stake in STM
Southern National Bancorp of Virginia (SONA), Jerry Flowers of Southern Trust Mortgage, and Eastern Virginia Bankshares (EVBS) announced that the two banks and Jerry Flowers have reached an agreement to purchase the 62% of STM currently owned by Middleburg Bank. Upon the closing of the transaction, Jerry Flowers and other STM executives will own 51.1% of STM, Sonabank will own 44% and EVB will own 4.9%. STM is a mortgage banking company headquartered in Virginia Beach. It was founded in 1998 by Jerry Flowers, and has mortgage banking originators in Virginia, Maryland, North Carolina and South Carolina. Southern Trust Mortgage only originates retail mortgage production.
News For SONA;EVBS From The Last 14 Days
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July 24, 2015
09:04 EDTEVBSEastern Virginia Bankshares reports Q2 EPS 7c, two estimates 8c
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July 17, 2015
14:38 EDTEVBSEastern Virginia Bankshares COO Joseph James retired
On July 15, Joseph H. James, Jr. retired from his position as Senior Executive Vice President and COO of Eastern Virginia Bankshares, and of EVB, the Company’s wholly owned banking subsidiary. Mr. James previously announced his intent to retire from these positions, as reported by the Company on a Form 8-K filed with the Securities and Exchange Commission on September 17, 2014. Following his retirement, Mr. James will continue as a part-time non-executive employee of EVB to assist with select projects related to EVB’s operations and facilities.

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