Potomac Bank of Virginia and Southern Trust Mortgage join to form Potomac Home Funding

(PRWEB) January 20, 2006 --  Potomac Bank of Virginia announces it has entered into a joint venture with Southern Trust Mortgage in Norfolk, VA, to establish a retail mortgage company.

The newly formed company, Potomac Home Funding, will offer full-service mortgage products to customers in its 4-branch trade area.  Potomac Home Funding has a full array of mortgage products including, but not limited to:  15 and 30-Year Fixed products, adjustable rate mortgages (ARMs) with and without interest-only options, self-employed borrower specialty programs, and vacation/investment home mortgages.

“We are very excited with the joint venture creating Potomac Home Funding.  We feel that developing a lasting relationship with Southern Trust Mortgage provides a great opportunity to better serve the mortgage needs of our customers,” said Sales Director of Potomac Bank of Virginia, Steve Dean.

Jerry Flowers and Kim Curtis, Southern Trust Mortgage President and COO respectively, said, “We are very excited about partnering with Potomac Bank of Virginia in the formation of this new joint venture mortgage company.  It further expands our exposure into the VA, DC, and MD markets and affords us the opportunity to work with a commercial bank whose strong reputation and impressive management team will compliment the goals of Southern Trust.

Headquartered in Norfolk, VA, Southern Trust Mortgage is the largest independently owned mortgage company in the Mid-Atlantic Region, with more than two dozen offices from Delaware to Florida.

Potomac Bank of Virginia is a full-service, state-chartered bank headquartered in Fairfax, Virginia. The Bank maintains banking offices in the City of Fairfax at 9910 Main Street, in Vienna at 414 Maple Avenue East, in Chantilly at 14231 Willard Road, and in Merrifield at 8501 Arlington Boulevard.  The bank offers a broad range of loan, deposit and investment services to the businesses, professionals and consumers in Northern Virginia. Potomac Bank of Virginia opened for business in 1998.