SOURCE: Southern Community Financial Corporation

June 13, 2007 11:35 ET

MEDIA ALERT: Statement by Scott Bauer, Chair and Chief Executive Officer, Southern Community Financial Corporation

Inaccurate Wall Street Journal Article

WINSTON-SALEM, NC--(Marketwire - June 13, 2007) - "A story in today's Wall Street Journal, 'Do Georgia's Small Builders Signal a Dangerous Trend?,' incorrectly identified Southern Community Financial Corporation of Winston-Salem as a lender connected with developer Meyer-Sutton and its bankruptcy proceedings.

"Southern Community Financial Corporation (NASDAQ: SCMF) & (NASDAQ: SCMFO) of Winston-Salem is neither directly nor indirectly connected to this developer and the Wall Street Journal has agreed to run a retraction."

About the Company

Southern Community Financial Corporation is headquartered in Winston-Salem, North Carolina and is the holding company of Southern Community Bank and Trust, a community bank with twenty-two branches throughout North Carolina. Southern Community Financial Corporation's common stock and trust preferred securities are listed on The NASDAQ Global Select Market under the trading symbols SCMF and SCMFO, respectively. Additional information about Southern Community is available on its website at www.smallenoughtocare.com or by email at investor.relations@smallenoughtocare.com.

Contact Information

  • For Additional Information:
    F. Scott Bauer
    Chairman/CEO
    336-768-8500