Primis Financial Corp. (7H80)

Overview

Primis Financial Corp. stands tall as a key player in the banking sector, serving as the holding company for Primis Bank. The bank shines in its provision of an encompassing range of financial services targeted towards individuals as well as small and medium-sized entities across the United States. Particular focus is placed on the facilitation of varied banking and financial solutions designed to meet the diverse needs of its clientele. Originally known as Southern National Bancorp of Virginia, Inc., the establishment underwent a rebranding to Primis Financial Corp., marking a new chapter in its journey since its inception in 2004. With roots firmly planted in McLean, Virginia, Primis Financial Corp. has expanded its reach, operating full-service branches throughout Virginia and Maryland, thereby strengthening its presence in the domestic banking landscape.

Products and Services

Deposit Products: Primis Bank extends a comprehensive suite of deposit products, encompassing checking accounts, NOW accounts, savings accounts, money market accounts, and certificates of deposits. These products are tailored to provide secure and flexible options for managing funds, catering to the varied preferences and needs of its customers.

Loan Services: The bank offers a wide array of loan services, including commercial business and real estate loans, construction loans, and secured asset-based lending. Small business administration lending and mortgage warehouse lending products are also available, alongside specialized financing solutions for medical, dental, and veterinary businesses. Personal and consumer loan offerings comprise residential mortgages, trust mortgages, home equity lines of credit, secured and unsecured personal loans, as well as unique options like life insurance premium financing and demand loans.

Cash Management Services: Aimed at enhancing the operational efficiency of businesses, Primis Bank’s cash management services include investment/sweep accounts, zero balance accounts, and controlled disbursement accounts. These services are complemented by wire transfer services, employer/payroll processing, night depository services, depository transfer services, merchant services, ACH origination services, and remote deposit capture services, thus providing a holistic approach to managing business finances.

Additional Services: In its commitment to offering convenience and accessibility, Primis Bank also provides debit cards, ATM services, notary services, and innovative digital solutions such as mobile and online banking. These additional services are designed to meet the evolving needs of clients, emphasizing the bank's dedication to delivering comprehensive, customer-centric solutions.