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
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
New Account And Terms
Opened new savings account on February 2003 which process was fast and smooth. I secured an interest of 4.92 and APY of 5.03. I’ve had no problem at all. So far so good.
New Accounts Personal Checking And Savings
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
if you like dealing with a bank without any customer service this is the one
Primis Bank Sucks!!
Opened my account without any issues except that they don't tell you that you need to use the Primis mobile app and not the Primis app. Also, if you call their “help line”, be ready for at least an hour wait on a good day.
Got my debit card just fine, but when I logged into my account it said my account was blocked and under investigation. I didn’t make any additional deposits or debits and was just checking the account. After an hour wait, they essentially said the exact same thing that the website said. Won’t give me any information as to wjy it’s under investigation. I thought I would write this negative review while on hold for the second time. STAY AWAY!!
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 532 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 6.23% |
| Annual Interest Income | $47.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $4.20B$3.22B |
| Loans | Q1 2023vs Q1 2022 | $3.05B$2.36B |
| Deposits | Q1 2023vs Q1 2022 | $3.69B$2.71B |
| Equity Capital | Q1 2023vs Q1 2022 | $470.3MM$474.8MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $35.7MM$29.4MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $35.0MM$14.1MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$1.0MM |
