Primis Financial (FRST)

Overall impact
C (58)

Commentary

Primis Financial is an average overall performer. With a 'C' rating of 58.3 for overall impact (59th percentile compared to all companies), Primis Financial ranks 41st out of 81 industry peers, behind Atlantic Capital Bancshares, Fidelity Southern, First United and 37 others, and ahead of American National Bankshares, Ameris Bancorp, First Bank and 37 others. On top material causes for Primis Financial's industry (Banking), Primis Financial performs poorly in Free, Secure Flow of Information (39.9 score). Primis Financial did not receive an 'A' rating on any cause.
Impact
Cause FRST
Peer rank
Overall impact

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Impact trend

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Company
Founded
2004
Employees
593
Sector
Financials
Industry
Banks
Sub-industry
Regional Banks
SASB industry
Commercial Banks
Headquarters
Va, United States
Share classes
FRST
Description
Primis Financial Corp. operates as the bank holding company for Primis Bank that provides various financial services to individuals, and small and medium sized businesses in the United States. The company offers deposit products, including checking, NOW, savings, and money market accounts, as well as certificates of deposits; and commercial deposit products comprising investment/sweep accounts, wire transfer services, employer services/payroll processing services, zero balance accounts, night depository services, depository transfers, merchant services, ACH originations, business debit cards, controlled disbursement accounts, and remote deposit capture services. It also provides commercial lending products, such as loans consist of lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, SBA loans, stand-by letters of credit, and unsecured loans; loans for permanent financing; construction loans for commercial, multi-family, assisted living and other non-residential properties, and builder/developer lines; second asset based lending; SBA lending; financing for medical, dental, and veterinary businesses; and warehouse lending lines of credit to residential mortgage originators. In addition, the company provides consumer lending products comprising residential mortgage, home equity lines of credit, secured and unsecured personal loans, life insurance premium financing, and Panacea consumer loans. Further, it offers debit cards, ATM services, notary services, and mobile and online banking. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is headquartered in McLean, Virginia.
Material causes
Ethos considers the following causes material for Primis Financial, based on its industry sub-industry Regional Banks. Learn more about material causes in our methodology overview.

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