Overview / Commentary
307 Church Lane
Tappahannock, VA 22560

Primis is headquartered in TAPPAHANNOCK and is the 7th largest bank in the state of Virginia. It is also the 307th largest bank in the nation. It was established in 2005 and as of March of 2023, it had grown to 532 employees at 38 locations. Primis has an A health rating.

Related Posts

Primis Freezing Accounts? - 6/10/2023

From another site(DoC): Update 6/9/23: Seems Primis went and froze everyone’s accounts, no one really knows what’s going on. Readers suggest filing CFPB, FDIC and BBB complaints against them to spur some action. I was able to log in to my account and everything looks good. I haven't made any transfers out recently, however, so will try that next week to make sure I'm actually good.

Online And Mobile Account Opening Are Temporarily Unavailable Due To Maintenance And Upgrades. - 6/8/2023

I found the following information posted today (June 8th) on the Primis Bank website: "We’re working on maintenance and upgrades and we’re working to make account opening available again as soon as possible. Thanks for your patience! We’re working to quickly complete our enhancements. We do not have an ETA currently, but we’ll keep our website updated with the most recent information."

Primis Just Raised Their Checking To 4.92 APY - 5/9/2023

My account was at 4.77 APY and now it's 4.92 APY.

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No Negative Review Here About Primis Bank Checking!

Posted by: |

I see all these negative reviews for Primis Bank, and I can't believe it. I'm one of the people who opened a checking account from the beginning when they were offering 5.03%. I've been so pleased with them that I decided to move money from 3 different checking accounts to Primis and consolidated it all there. Presidential Bank FSB was my last holdout, but they've been stuck at 4.62% up to $25,000 for so long and they don't budge That account was closed last week. I have 2 direct deposits that I've moved to Primis, and I get credit 2 days early. Their ACH transfers to/from my account are quick and easy and the transfers arrive the next day and sometimes even the same day. When I do an ACH transfer in, they give me immediate credit for it although the amount is on hold for 2 days, which is no big deal. They sent me my free 40 checks, and everything has been easy peezy. I can't say enough good things about this bank.

New Accounts Personal Checking And Savings

Posted by: |

I opened the Personal Checking and well as two type of savings that they offer for non business accounts. After a lot of research it is the only on line bank that will pay .50 for each transaction with the checking account, which is really awesome.
There was one time I attempted to call and as others have mentioned, my wait time was something like 20 minutues, then after waiting the wait time changed to an hour and half. That makes no sense at all.
I did email them about the issue and I got a reply one week later.
All of their account are great. But hoping there is no real issues that I need to speak to someone any time soon.
If anything changes, then I will update this review. But so far, I do like this online Bank and it is one of the Best, if not the Best one.

Zero Customer Service

Posted by: |

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

Account Blocked Not Able To Access Funds.

I opened a savings account and had it for a few months with no issues. Then opened a checking account and funded it. I received my debit card and everything was fine. Suddenly when I tried to access my account, I got an error stating that my account was blocked. I could not access my savings or checking account. I called the number provided and waited on hold for 4 hours. I finally talked to a person working from home who told me that she could not give me any information, not why my account was blocked or even my account balance. She said I she needed to forward my incident to someone else and they would possibly email me the next day. She told me that in the mean time I wouldn’t have access to my money or would be provided any information about my money.



Health Grade Components

FDIC Certificate #57968
Year Established2005
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD6.23%
Annual Interest Income$47.1MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$4.20B$3.22B
LoansQ1 2023vs Q1 2022$3.05B$2.36B
DepositsQ1 2023vs Q1 2022$3.69B$2.71B
Equity CapitalQ1 2023vs Q1 2022$470.3MM$474.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$35.7MM$29.4MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$35.0MM$14.1MM
Real Estate OwnedQ1 2023vs Q1 2022$0$1.0MM
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Always verify rates and promotions with the bank or credit union. We are not Primis; 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 Savings Account Rates

0.10%--Business Statement Savings

Primis Money Market Rates

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


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