Primary Bank (PRMY)

Overview

Primary Bank is a financial institution that caters to the needs of small and medium-sized businesses across the United States. Established in 2015, the bank is headquartered in Bedford, New Hampshire. It specializes in offering a comprehensive suite of financial services designed to support the growth and operational needs of businesses. With a focus on personalized service and financial solutions, Primary Bank aims to be a key partner for businesses seeking to manage their finances effectively and efficiently.

Products and Services

Checking, Savings, and Investment Accounts: Primary Bank offers a range of account options including checking, savings, money market, health savings, and individual retirement accounts, in addition to certificates of deposit. These products are designed to help businesses manage daily finances, save for future goals, and invest surplus funds.

Commercial Lending Solutions: The bank provides a comprehensive suite of lending services tailored to meet the varied needs of businesses. This includes SBA loans, working capital and equipment lines of credit, commercial real estate and construction loans, acquisition and development loans, residential sub-division loans, non-owner-occupied multi-family and 1-4 family loans, business term loans, guaranteed loans, and letters of credit. These lending solutions are intended to support business expansion, operations, and investment activities.

Cash Management and Payments: To further support business operations, Primary Bank offers advanced cash management services, remote deposit, and lockbox services. These solutions are designed to streamline the handling of cash flows, simplify deposit processes, and manage payments efficiently.

Debit Card/ATM and Credit Card Services: For everyday business transactions, the bank provides debit card/ATM and credit card services. These tools enable businesses to access funds and make purchases conveniently, providing flexibility in managing operational expenses.

Merchant Services: Primary Bank's merchant services are tailored to help businesses process payments smoothly, whether in-store, online, or through mobile platforms. This service aims to enhance the customer payment experience while ensuring secure transactions.

Online and Mobile Banking: Recognizing the importance of accessible banking services, Primary Bank offers comprehensive online and mobile banking solutions. These platforms allow businesses to manage their accounts, monitor transactions, and perform banking operations from anywhere, at any time, providing ultimate convenience and control over financial activities.