Headquartered in Virginia, Primis Financial Corp. (NASDAQ: FRST) (“Primis” or “the company”) is the holding company for Primis Bank (“the bank”). Established in 2005, the company formally operated as Southern National Bancorp of Virgina, Inc. and was renamed to Primis in 2021. The bank currently operates 24 branches primarily along the I-95 corridor from Southern MD to Richmond, and the VA side of the Chesapeake Bay.
On October 31, 2024, the bank completed the sale of $370 million Life Premium loans to EverBank, N.A. for a premium of $6 million (estimated $4.5 million pre-tax gain in 4Q24).
Following the retirement of Joe A. Shearin in February 2020 (the CEO since the merger with EVBS in 2017), Dennis J. Zember was appointed as the CEO of Primis. In addition, there have been several board and senior management changes since the merger. Under the new leadership…
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