Southern National Bancorp of Virginia, Inc. Announces the Addition of Tyler Stafford as President of Panacea Financial
July 13, 2020 at 09:00 am EDT
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Southern National Bancorp of Virginia, Inc. announced that Tyler Stafford has joined the executive team as President of Panacea Financial, a newly created division of the Company. Concurrently with Mr. Stafford's hiring, the Company announced that it has agreed to an exclusive marketing and licensing agreement with Panacea Financial, LLC which will focus on national lending, deposit gathering, wealth, and insurance needs with unique products and services for the medical community. Mr. Stafford was most recently a Managing Director and Senior Research Analyst at Stephens, Inc. where he covered Southeast and West Coast financial institutions for nearly a decade with a focus on small and mid-cap regional banks. Prior to Stephens, Mr. Stafford began his career at Regions Financial in commercial banking. Mr. Stafford is a Chartered Financial Analyst (CFA) charterholder.
Primis Financial Corp. is a bank holding company for Primis Bank (the Bank). The Bank is a state-chartered bank. The Bank provides a range of financial services to individuals and small and medium-sized businesses through approximately 32 full-service branches in Virginia and Maryland. The Company operates through two segments: Primis Mortgage and Primis Bank. The Primis Bank segment specializes in providing financing services to businesses in various industries and deposit-related services to businesses, consumers and other customers. The Primis Mortgage segment specializes in originating mortgages in a majority of the United States. The Company earns non-interest income and the origination and sale of mortgage loans through the Primis Mortgage segment. The Company offers a range of deposit products, including checking, savings, and money market accounts and certificates of deposit, and others.