Company Information

Get to know Sonic Bank

Sonic Bank, which operated under the name Sonabank, was the primary banking subsidiary of Southern National Bancorp of Virginia, Inc. It was a community-focused bank headquartered in Virginia, USA, providing a comprehensive range of financial services, including personal and business checking and savings accounts, consumer and commercial loans, mortgages, and treasury management. In May 2021, Sonabank and its parent company underwent a major rebranding to become Primis Bank and Primis Financial Corp. (NASDAQ: FRST), respectively. The strategic change aimed to reflect the company's evolution towards a more modern, technology-driven approach to banking while maintaining its community roots.

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Financial BankingPRIMARY
Financial Other Service

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Sonic Bank

United States

Founded in

2023 (3 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.