Hammered by merger-related charges and securities losses, Southern National Corp. lost $12.6 million, or 13 cents a share, in the first quarter, compared to pro-forma earnings of $55 million a year earlier.

Southern National, which was formed last month from the union of Southern National and BB&T Financial Corp., took $88 million in pretax charges relating to the merger and $19.8 million in securities losses, for a total after-tax loss of $70.5 million.

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