Acquiring Company
Primis Financialand Primis Bank
Acquired Company
Primis Financial Corp
McleanProfessional ServicesSoftwareFinancial ServicesFinanceLendingBankingDescription
Primis Bank (the "Bank"), the wholly-owned subsidiary of Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), has completed its acquisition, effective May 31, 2022, of SeaTrust Mortgage Company ("SeaTrust"). With the closing of the acquisition, SeaTrust now operates as a wholly-owned subsidiary of the Bank and has changed its name to Primis Mortgage Company ("Primis Mortgage").
Quick answer
Primis Financialand Primis Bank is acquiring Primis Financial Corp, announced June 1, 2022.
- How much did Primis Financialand Primis Bank pay for Primis Financial Corp?
- The deal value was not disclosed.
- What does Primis Financialand Primis Bank do?
- As of March 31, 2022, Primis had $3.22 billion in total assets, $2.39 billion in total loans and $2.69 billion in total deposits.
- Where are Primis Financialand Primis Bank and Primis Financial Corp based?
- Primis Financial Corp is based in Mclean, Virginia, United States.
Source: Fundz verified event record.
Other recent acquisitions in Professional Services and Financial Services
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Seacoast Announces The Acquisition Of Drummond Banking Company (May 4, 2022)
- Piper Sandler To Acquire Dbo Partners Growing Technology Investment Banking (July 6, 2022)
- Morningstar Completes Acquisition Of Wealth Management Platform Provider Praemium'S Uk And International Business (June 30, 2022)
- Truist Acquires Mobile Savings Gamification Pioneer Long Game (May 3, 2022)
- Midland States Bancorp Completes Acquisition Of Deposits And Loans Of Two Fnbc Bank & Trust Locations In Northern Illinois (June 21, 2022)
- Brookfield Reinsurance Completes $5.1 Billion Acquisition Of American National, $5.1B (May 25, 2022)
Who to call at Primis Financialand Primis Bank, and when
When Primis Financialand Primis Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Primis Financialand Primis Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Primis Financialand Primis Bank, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Primis Financialand Primis Bank. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Primis Financialand Primis Bank makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Primis Financial Corp?
Primis Financial Corp was acquired by Primis Financialand Primis Bank. The deal was reported on June 1, 2022. As of March 31, 2022, Primis had $3.22 billion in total assets, $2.39 billion in total loans and $2.69 billion in total deposits. Primis Financialand Primis Bank is privately held and operates in Professional Services.
When did Primis Financialand Primis Bank acquire Primis Financial Corp?
Primis Financialand Primis Bank's acquisition of Primis Financial Corp was reported on June 1, 2022. Primis Bank (the "Bank"), the wholly-owned subsidiary of Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), has completed its acquisition, effective May 31, 2022, of SeaTrust Mortgage Company ("SeaTrust"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Primis Financial Corp do?
As of June 30, 2023, Primis had $3.85 billion in total assets, $3.17 billion in total loans and $3.31 billion in total deposits. It is publicly traded (FRST), operating in Financial Services, and is based in Mclean.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.