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Primis Financial Corp. Sells 18 Branch Properties in Sale-Leaseback Deal
Primis Financial Corp. -0.63%
Primis Financial Corp. FRST | 12.70 | -0.63% |
Primis Financial Corp. announced a sale-leaseback transaction involving 18 branch properties, generating approximately $58 million in proceeds and a pre-tax gain of $50 million. The transaction is expected to improve tangible book value, increase recurring earnings, and strengthen the company's capital position to support future growth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primis Financial Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-119089), on December 08, 2025, and is solely responsible for the information contained therein.
