Primis Financial in McLean, Va., will debut its digital bank
in mid-November.
The $3.5 billion-asset company said it will launch the bank
on Nov. 15, limiting participation to “family and friends.” The bank will be
available to more participants in late December.
“Development on expanded consumer and full commercial
deposit services are already under way and likely something that we will
introduce during the first quarter,” Dennis Zember Jr., Primis’ president and
CEO, said in the release.
The company also disclosed that its Panacea Financial
division, which focuses on physicians, made its first commercial loan in September
and is recruiting commercial health care bankers and a credit team to expand the effort.
Panacea
launched an in-training medical/dental school loan refinance product that allows
physicians and dentists that are in training to refinance student debt at a
lower interest rate. The division will also start to bank veterinarians by Nov. 30.
Finally,
the division has signed partnerships with three national and state medical
associations.
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