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
9/1 - Wires Now Free At Primis
8/22 - Account Opening Available Again Without Referral
8/8 - Primis Referral Program Started
8/1 - Primis digital account opening is on again for current customers, APY=5.07% for new accounts (and still at 5.16% for old accounts)
7/28 - Primis (Premium) Checking: 5.16% APY
7/28 - Primis Raising The APY To 5.16 APY
7/3 - New Terms And Conditions
6/10 - Primis Freezing Accounts?
6/8 - Online And Mobile Account Opening Are Temporarily Unavailable Due To Maintenance And Upgrades.
5/9 - Primis Just Raised Their Checking To 4.92 APY
5/4 - Primis Checking & Savings APY Is Up To 5.10%
4/17 - Primis Bank Ups It's Savings And Checking APY
2/17 - Primis Bank's Savings Account Is First To Reach 5% (Rate Update)
2/17 - Primis Savings Website-Listed Rate Reduced To 4.35% APY
1/30 - Primis Bank Personal Savings 5.03% APY
So Much For “Going To Zero!”
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?
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
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.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 540 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 3.79% |
| Annual Interest Income | $99.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $3.84B$3.23B |
| Loans | Q2 2023vs Q2 2022 | $3.19B$2.61B |
| Deposits | Q2 2023vs Q2 2022 | $3.33B$2.70B |
| Equity Capital | Q2 2023vs Q2 2022 | $467.2MM$472.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $38.4MM$30.2MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $24.7MM$18.8MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$1.0MM |
