Middleburg Bank in Virginia has agreed to sell its 62% stake in the mortgage banking firm Southern Trust Mortgage to two Virginia banks and Southern Trust's president.

Sonabank, in McLean, Va., will own 44% of Southern Trust after the deal has closed, according to a press release issued Wednesday. EVB, in Tappahannock, Va., will own 4.9% of the firm. Southern Trust executives, including President Jerry Flowers, will own 51.1%.

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