GLEN
ALLEN, Va., June 1, 2022
/PRNewswire/ -- 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").
John Owens, former President of
SeaTrust, is now Chief Executive Officer of Primis Mortgage.
Margaret Kronmueller, former Chief Operating Officer of
SeaTrust, remains in the same role with Primis Mortgage.
About SeaTrust Mortgage Company
SeaTrust Mortgage Company opened for business in February 2020, is headquartered in Wilmington, North Carolina, and has offices in
Wilmington, Charlotte, Greensboro, and Jacksonville, North Carolina, Fort Lauderdale, Tampa, and Jacksonville, Florida, and Franklin and Nashville, Tennessee.
About Primis Financial Corp. and Primis Bank
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 Bank provides a range of financial services to individuals
and small- and medium-sized businesses through forty full-service
branches in Virginia and
Maryland and provides services to
customers through certain online and mobile applications.
Contacts:
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Address:
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Dennis J. Zember, Jr.,
President and CEO
|
Primis Bank
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Matthew A. Switzer, EVP
and CFO
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10900 Nuckols Road,
Suite 325
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Phone: (703)
893-7400
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Glen Allen, VA
23060
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|
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Primis Financial Corp.,
NASDAQ Symbol FRST
|
|
Website:
www.primisbank.com
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SOURCE Primis Financial Corp.