All Releases
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Southern Community Posts Fourth Quarter, Year-End Profit; Loan Quality Leads to Turnaround in 2011
Jan 30, 2012
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WINSTON-SALEM, N.C., Jan. 30, 2012 /PRNewswire/ -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), announced today that it earned $359 thousand, or $0.02 per diluted common share, in the fourth quarter of 2011, posting its third consecutive quarterly profit as credit quality trends continued their year-long improvement. Fo...
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Southern Community Financial Separates Chairman, CEO Roles
Dec 7, 2011
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WINSTON-SALEM, N.C. , Dec. 7, 2011 /PRNewswire/ -- In a move to separate the powers of Chairman and Chief Executive Officer, Southern Community Financial Corporation (the "Company") (NASDAQ: SCMF) announced today that it has named founding director Dr. William G. Ward, Sr. as Chairman of the Board of Directors. The Board of Directors (the "Board") ...
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Southern Community Financial Reports Third Quarter Profit
Oct 20, 2011
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WINSTON-SALEM, N.C., Oct. 20, 2011 /PRNewswire/ -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), announced today that it earned $138 thousand in the third quarter of 2011, equating to $0.01 per common share. This is its second consecutive quarterly profit since the onset of the financial crisis in fourth quarter of 2008....
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Southern Community Financial Reports Second Quarter Profit as Credit Trends Continue to Improve
Jul 21, 2011
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WINSTON-SALEM, N.C., July 21, 2011 /PRNewswire/ -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), announced today that it earned $511 thousand in the second quarter of 2011, equating to $0.03 per common share. This is its first profit since the onset of the financial crisis in fourth quarter of 2008.
(Logo: http://phot...
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Southern Community Financial Corporation Announces Improved First Quarter 2011 Results
Apr 28, 2011
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WINSTON-SALEM, NC -- (MARKET WIRE) -- 04/28/11 --
Southern Community Financial Corporation
(NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community
Bank and Trust, today reported first quarter 2011 results.
Financial Highlights:
-- Net income before the accrual for preferred dividend of $151 thousa...
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Southern Community Receives Notification From NASDAQ Concerning Restricted Stock Plan
Apr 6, 2011
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WINSTON-SALEM, NC -- (MARKET WIRE) -- 04/06/11 --
Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO) announced today that it was notified by NASDAQ on April 1, 2011 that the Company is in violation of NASDAQ Listing Rule 5635(c) because it adopted its 2007 Restricted Stock Plan (the "Plan") without obtaining shareholder ap...
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Southern Community Financial Corporation Amends Results for the Fourth Quarter and Full Year 2010
Mar 24, 2011
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WINSTON-SALEM, NC -- (MARKET WIRE) -- 03/24/11 --
Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO) today reported fourth quarter and full year 2010 results of net loss available to common shareholders of $11.5 million and $25.7 million, respectively. These results differ from the amounts disclosed in the January 31, 2011...
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Southern Community Strengthens Focus on Small Business Owner
Mar 17, 2011
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WINSTON-SALEM, NC -- (MARKET WIRE) -- 03/17/11 --
Southern Community Bank and Trust (NASDAQ: SCMF), one of the leading small business community banks in the Carolinas, today said it has created a new division that strengthens its focus on the small business owner. The bank named Vice President Michelle Koster as small business banking manager....
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Southern Community Enters Into Consent Order With Regulators; Bank's Capital Position Exceeds Regulatory Requirements
Feb 17, 2011
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WINSTON-SALEM, NC -- (MARKET WIRE) -- 02/17/11 --
Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO) announced today that its wholly-owned bank subsidiary, Southern Community Bank and Trust, has entered into a Consent Order with the Federal Deposit Insurance Corporation and the State of North Carolina Office of the Commiss...
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Southern Community Financial Corporation Announces Results for the Fourth Quarter and Full Year 2010
Jan 31, 2011
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WINSTON-SALEM, NC -- (MARKET WIRE) -- 01/31/11 --
Southern Community Financial Corporation
(NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community
Bank and Trust, today reported fourth quarter and full year 2010 results.
Fourth Quarter Financial Highlights:
-- Net loss available to co...
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Southern Community Financial Corporation Increases Reserve Level
Nov 1, 2010
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WINSTON-SALEM, NC, Nov 01, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, reported results for the third quarter of 2010.
Financial Highlights:
-- Net loss available to common shareholders of $8.6 million impa...
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Southern Community Financial Corporation Announces Results for the Second Quarter 2010
Jul 22, 2010
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WINSTON-SALEM, NC, Jul 22, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, reported results for the second quarter of 2010.
Financial Highlights:
-- Net income before preferred dividends of $261 thousand and ne...
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Southern Community Financial Corporation Announces Results for the First Quarter 2010
Apr 22, 2010
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WINSTON-SALEM, NC, Apr 22, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, reported results for the first quarter of 2010.
Financial Highlights:
-- Net interest margin for first quarter 2010 increased 13 bas...
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Southern Community Financial Corporation Provides Update for First Quarter 2010
Apr 15, 2010
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WINSTON-SALEM, NC, Apr 15, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, announced that it expects to record a provision for loan losses of approximately $10.0 million in the first quarter of 2010, compared to $18.0 mil...
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Southern Community Financial Corporation Announces Results for the Fourth Quarter and Full Year 2009
Jan 28, 2010
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WINSTON-SALEM, NC, Jan 28, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, today reported fourth quarter and full year 2009 results.
Fourth Quarter Financial Highlights:
-- Net interest margin grew to 3.28% for...
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Southern Community Financial Corporation Announces Dates for Fourth Quarter and Full Year 2009 Financial Results and Conference Call
Jan 21, 2010
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WINSTON-SALEM, NC, Jan 21, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, will report fourth quarter and full year 2009 financial results on Thursday, January 28, 2010 after the stock market closes.
Southern Communit...
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Southern Community Financial Corporation Announces Increase in Loan Loss Provision for Fourth Quarter 2009
Jan 14, 2010
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WINSTON-SALEM, NC, Jan 14, 2010 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, announced that it expects to record a provision for loan losses of approximately $18.0 million in the fourth quarter of 2009, compared to $6.0 mil...
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Southern Community Financial Corporation's Chief Financial Officer and Treasurer Are Recovering Following Plane Crash
Nov 4, 2009
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WINSTON-SALEM, NC, Nov 04, 2009 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, today confirmed that James Hastings, the Company's Chief Financial Officer and James Monroe, the Company's Treasurer are recovering following non ...
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Southern Community Financial Corporation Announces Results for the Third Quarter 2009
Oct 22, 2009
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WINSTON-SALEM, NC, Oct 22, 2009 (MARKETWIRE via COMTEX News Network) -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO), the holding company for Southern Community Bank and Trust, today reported third quarter 2009 results.
Financial Highlights
-- Net loss after preferred dividends was $1.1 million or $0.06 per sha...
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Southern Community Receives Local and International Honors
Aug 10, 2009
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WINSTON-SALEM, NC, Aug 10, 2009 (MARKETWIRE via COMTEX News Network) -- Southern Community Bank and Trust (NASDAQ: SCMF) (NASDAQ: SCMFO) has recently received three awards in local and international competitions recognizing its commitment to providing customers with unparalleled levels of service and support.
Southern Community was voted the "B...
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