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Southern National Bancorp of Virginia to Acquire Prince George's Federal Savings Bank for $12.75/Share in Cash, Stock Deal

Southern National Bancorp of Virginia (Nasdaq: SONA) jointly announced today the signing of a definitive merger agreement, under which Southern National has agreed to acquire Prince George's FSB (OTC: PCGO) in a cash and stock transaction with a total current value of approximately $11.5 million or $12.75 per share, subject to the terms of the definitive merger agreement.

Upon completion of the transaction, the combined company will have approximately $805 million in total assets, $700 million in total deposits, and $600 million in total loans.

See full press release

Posted-In: News Guidance Financing Management M&A Global

 

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