---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-114845"
form_type: "8-K"
ticker: "FRST"
cik: "0001325670"
company_name: "Primis Financial Corp."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:23:36.292400+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Primis Financial completes sale of Life Premium Finance division to EverBank for $6 million premium

## Summary
- Primis Bank sold approximately $354 million of Life Premium Finance loans to EverBank on October 31, 2024.
- EverBank will pay a $6.0 million premium for the division, with a second closing of $19 million in loans expected by January 31, 2025.
- Primis Bank will provide interim servicing until full transition; EverBank will then service the retained portfolio.
- Pro forma financial statements show a pre-tax gain of $4.5 million from the transaction.
- The sale constitutes a significant disposition under Item 2.01 of Form 8-K.

## SEC filing metadata
- accession: 0001104659-24-114845
- form_type: 8-K
- ticker: FRST
- cik: 0001325670
- company_name: Primis Financial Corp.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325670/000110465924114845/0001104659-24-114845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325670/000110465924114845/tm2427630d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-114845
- JSON: https://secwatch.observer/filing/0001104659-24-114845.json
- Plain text: https://secwatch.observer/filing/0001104659-24-114845.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.