Primis Bank

Overview / Commentary
307 Church Lane
Tappahannock, VA 22560

Primis Bank is headquartered in TAPPAHANNOCK and is the 7th largest bank in the state of Virginia. It is also the 330th largest bank in the nation. It was established in 2005 and as of June of 2023, it had grown to 540 employees at 37 locations. Primis Bank's savings rates are 10X the national average, and it has an A health rating.

Related Posts

Primis Bank Now Limiting External Accounts To 3 - 10/11/2023

This morning I read at the Doctor of Credit (DoC) website ( that Primis Bank is now limiting the number of external accounts that you can link to your Primis account to just 3. Per the posts at DoC, the previous limit was 10 external accounts. I checked my own Primis savings account and my 7 external account links are still intact so I must be "grandfathered" to keep my current 7 external links. I assume that I will not be able to add any new/additional external accounts unless I bring my total to less than 3 beforehand. It sure would have been nice if Primis notified their current account holders of this new restrictive policy!

Wires Now Free At Primis - 9/1/2023

I know there's a lot of Primis hate around here but for what it's worth, got an email from them saying basically that because their ACH limits are so low (to prevent fraud... hm...) well anyway, that wires will now be free from their end -- and they'll even refund you up to $10 to help defray the cost from the sending bank. Still not as convenient as ACH but thought the info would be useful to know...

Account Opening Available Again Without Referral - 8/22/2023

Looks like Primis is finally back to offering anyone an account. The referral only process didn't last long. Both checking and savings accounts pay 5.07% for new customers. My $1 still appears to be grandfathered in at the 5.16% rate.

View all posts from:

Reviews (106)

So Much For “Going To Zero!”

Posted by: |

Hilarious how all the doubters and haters and people who didn’t pay their bills on time didn’t get what they wanted. Stock is raging upwards right now!

Also…since all of you read the release and listen to the calls I’m sure you heard that they grew digital accounts by over 40% annualized with no marketing! And under 5%??!! I guess in the end they don’t need @buckeye and his little bit of money anyhow!!

Primis Stock Headed To 0?

Posted by: |

It's gone from $8.10 to $7.70 in just the past few days and thats a big move for a glorified penny stock. Moving that much ahead of earnings is very interesting indeed.
I had 75K of t-bills come to maturity yesterday and I currently have no home for it. Considered, again, this bank, until I didn't.
Considering you cannot attach a savings accounts to IRA's, I'd be curious as to what the group would do,

Zero Customer Service

Posted by: |

if you like dealing with a bank without any customer service this is the one

Very Uncertain About This Bank

Their online access has been down for several days with no message about when it will be back up. I have never experienced this before in banking and am very leery about a bank with this lack of access to my account, information, and customer service.
This is a serious issue any time but now in the midst of public concern about banks' security?!

Their customer service says "Here for you 24/7/365" but that has proven false repeatedly. They get back to you several days later, never answering a chat or the phone.

Bank unreachable.
Account and funds out of access for days.
I do not recommend this bank. It is acting like a failed bank currently.



Health Grade Components

FDIC Certificate #57968
Year Established2005
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD3.79%
Annual Interest Income$99.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$3.84B$3.23B
LoansQ2 2023vs Q2 2022$3.19B$2.61B
DepositsQ2 2023vs Q2 2022$3.33B$2.70B
Equity CapitalQ2 2023vs Q2 2022$467.2MM$472.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$38.4MM$30.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$24.7MM$18.8MM
Real Estate OwnedQ2 2023vs Q2 2022$0$1.0MM
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Primis Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Primis Bank Savings Account Rates

5.07%--Primis Savings Account - Online Only
0.10%--Business Statement Savings

Primis Bank Money Market Rates

1.00%*$250k*-Business Money Market
OTHER TIERS: 0.30% Up to $25k | 0.50% $25k - $100k | 0.80% $100k - $250k

Primis Bank Checking Account Rates

5.07%--Primis Premium Checking - Online Only


Richmond Area

Interactive local rates map

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.