secwatch.observer — SEC 8-K summary
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Issuer:     Primis Financial Corp. (FRST)
CIK:        0001325670
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001104659-24-114845
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325670/000110465924114845/0001104659-24-114845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325670/000110465924114845/tm2427630d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114845

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