Primis Financial Corp.

Primis Financial Corp. is the bank holding company for Primis Bank, offering a wide range of financial services to individuals and small to medium-sized businesses in the United States. The company provides deposit products such as checking, NOW, savings, and money market accounts, as well as certificates of deposit. For commercial clients, it offers investment/sweep accounts, wire transfer services, payroll processing, merchant services, and remote deposit capture. Its lending portfolio includes commercial loans like lines of credit, term loans, equipment loans, SBA loans, and warehouse lending lines for residential mortgage originators. Consumer lending products include residential mortgages, home equity lines of credit, personal loans, and life insurance premium financing. Additional services include debit cards, ATM services, notary services, and mobile and online banking.

Primis Financial Corp. is listed on the Nasdaq Global Market (NasdaqGM) under the ticker symbol FRST. Its securities are traded in United States Dollars (USD). The company is headquartered in the United States and operates primarily in the US market, serving individuals and businesses across the country.

Primis Financial Corp. operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on providing traditional banking services to local communities and businesses, differentiating itself from large national banks by offering personalized service and tailored financial solutions. The company's activities include deposit-taking, commercial and consumer lending, and various other banking services typical of regional banks in the United States.

Primis Financial Corp. generates revenue primarily through net interest income from its lending and deposit activities. It earns interest on loans such as commercial lines of credit, term loans, SBA loans, residential mortgages, and consumer loans, while paying interest on deposits. Additionally, it earns non-interest income from fees for services like wire transfers, merchant services, payroll processing, and ATM usage. The company also engages in warehouse lending to residential mortgage originators, which provides fee income. By offering a diverse portfolio of loan products and deposit accounts, Primis Financial aims to attract both individual and business customers, thereby growing its interest-earning assets and fee-based revenue streams.

Primis Financial Corp. was founded in 2004. It was formerly known as Southern National Bancorp of Virginia before rebranding to Primis Financial. The company has grown through organic expansion and strategic acquisitions, building a network of branches primarily in Virginia and surrounding states. As a bank holding company, it oversees Primis Bank, which provides a comprehensive suite of financial products and services. The company's history reflects a focus on serving local communities with a relationship-based approach to banking.