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Primis Financial Corp. Sells 18 Branch Properties in Sale-Leaseback Deal
Primis Financial Corp. FRST | 12.78 12.78 | -0.23% 0.00% Pre |
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.
