EVBS Eastern Virginia Bankshares, Inc.

Effective June 23, 2017, Eastern Virginia Bankshares, Inc., a Virginia corporation (“ EVBS ”) completed its previously announced merger (the “ Merger ”) with Southern National Bancorp of Virginia, Inc., a Virginia corporation (“ SONA ” or the “ Continuing Corporation ”), pursuant to an Agreement and Plan of Merger, dated December 13, 2016, as amended, between EVBS and SONA, including the related Plan of Merger (together, the “ Merger Agreement ”). Pursuant to the Merger Agreement, at the effective time of the Merger, EVBS merged with and into SONA, with SONA surviving as the continuing corporation and immediately following the Merger, EVB, a Virginia banking corporation and EVBS’s wholly-owned subsidiary, merged with and into SONA’s wholly-owned subsidiary, Sonabank, a Virginia banking corporation, with Sonabank surviving and continuing its corporate existence under the name “Sonabank.”

Pursuant to the Merger Agreement, holders of EVBS common stock received 0.6313 shares (the “ Exchange Ratio ”) of SONA common stock for each outstanding share of EVBS common stock held immediately prior to the effective time of the Merger and holders of Non-Voting Mandatorily Convertible Non-Cumulative Preferred Stock, Series B of EVBS (the “ EVBS Series B Preferred Stock ”) received 0.6313 shares of SONA common stock for each share of EVBS Series B Preferred Stock held immediately prior to the effective time of the Merger (collectively, the “ Merger Consideration ”). Each share of SONA common stock outstanding immediately prior to the Merger remained outstanding and was unaffected by the Merger.

Immediately prior to the effective time of the Merger, each option to purchase shares of EVBS common stock granted under an EVBS stock plan vested and was converted into and became an option to purchase shares of common stock of the Continuing Corporation (each, an “ Assumed Option ”), which was adjusted (i) by multiplying the number of shares of common stock that could be purchased under the Assumed Option by the Exchange Ratio and rounding down to the nearest share and (ii) by dividing the per share exercise price of the option by the Exchange Ratio and rounding up to the nearest cent. The Continuing Corporation assumed each Assumed Option in accordance with the terms of the EVBS stock plan and award agreement by which it is evidenced.

Immediately prior to the effective time of the Merger, each share of EVBS common stock subject to time-based or performance-based vesting restrictions granted under an EVBS stock plan vested in full and automatically converted into unrestricted shares of common stock of the Continuing Corporation, less the amount of any required withholding tax, based on the Exchange Ratio. In addition, the Continuing Corporation assumed the EVBS stock plans at the effective time of the Merger, only with respect to the Assumed Options.

The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which is included as Exhibits 2.2, 2.2.1, and 2.2.2, collectively, to this Current Report on Form 8-K and is incorporated herein by reference.