Panacea Financial, a division of Primis Bank, deposit products:
FDIC-Insured – Backed by the full faith and credit of the U.S. Government

Nationwide Professional
PARTNERSHIPS

Nationwide
Professional
PARTNERSHIPS

We are proud to be partnered with great organizations that help us better the lives of doctors and trainees nationwide. Interested in joining our network of amazing partners? Let us know!

We are proud to be partnered with great organizations that help us better the lives of doctors and trainees nationwide. Interested in joining our network of amazing partners? Let us know!

20+

Partners Nationwide

250,000+

Connected Doctors

Partnership Benefits

Power your organization with better banking benefits tailored to your employees or members. Help your team manage financial stressors and save money on things like personal or student loans at no cost to you.

Nationwide relationships with architects, practice consultants, accountants, marketing, & more with reporting & analysis

Custom landing page, phone number, banker

Recruitment of all applicants and promotion of benefits

Customized online/mobile banking portal members

Financial Freedom

Provide your members or clients with banking benefits specifically designed for physicians across the country. At no cost to your organization, you can save your employees thousands with custom-built plans using our fully digital banking solutions with personalized 24/7 customer service.

Personal Loans
Student Loan Refinance
Checking/Savings Accounts
Personalized Service

Tell us a bit about your organization to see how we can help, or email us at [email protected].

Financial Freedom

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Provide your members or clients with banking benefits specifically designed for physicians across the country. At no cost to your organization, you can save your employees thousands with custom-built plans using our fully digital banking solutions with personalized 24/7 customer service.

Personal Loans
Student Loan Refinance
Checking/Savings Accounts
Personalized Service

Tell us a bit about your organization to see how we can help, or email us at [email protected].

Community Engagement

We are committed to diversifying our physician workforce through scholarships and grants to underrepresented minority medical trainees as well as funding like-minded organizations.

This is part of our mission, this is who we are. We will make medicine better.

Build Your Team

It takes a team of experts to navigate life as a doctor — build yours here.

Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

Products

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About

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by Panacea Financial. Links are provided for informational purposes and should not be viewed as an endorsement

Fine Print

1. All personal loans have a $100 origination fee. To obtain a new loan with Panacea Financial, you must also have a Panacea checking account; there is no fee to open the account, a minimum deposit of $25 required, and there is no minimum balance. Other fees and charges may apply, see this link for full terms and conditions. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. All APRs assume a 0.50% discount with auto-pay from a Panacea Checking account. We offer a 0.25% discount with auto-pay from a non-Panacea checking account. To check the rates and terms you qualify for, click “Apply Today” and Panacea will conduct a soft credit pull to determine your possible rate and will not affect your credit score. Not all applicants qualify for the lowest rate or maximum loan amount; subject to credit approval. Total borrower maximum varies by stage of career and with credit score: In School maximum is between $1,000 – $10,000; In Training maximum is between $1,000 – $20,000; In Practice maximum is between $1,000 – $50,000. Panacea utilizes the Equifax credit bureau, with a FICO score minimum of 660 to qualify for a personal loan.

2. No payments during the first year. For a 5-year term, you make reduced payments in years 2 and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization years 4 and 5. For a 7-year term, you make reduced payments in years 2 and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization over years 4, 5, 6, and 7.

3. For a 3-year term, you make interest-only payments in years 1 and 2. Full amortization in year 3. For a 5-year term, you make interest-only payments in years 1, 2, and 3. Full amortization in years 4, and 5. For a 7-year term, you make interest-only payments in years 1, 2, 3, and 4. Full amortization in years 5, 6, and 7.

4. Interest-only payments during first 6 months of loan. Full amortization over remainder of loan.

5. Adverse Credit Event: two or more payments more than 30 days late, totaling more than $500, within the prior 6 months; accounts with a total outstanding balance greater than $1,000 that are 90 or more days delinquent as of the date of the credit report, or that have been placed in collection or charged off during the two years preceding the date of the credit report; default determination during the five years preceding the date of the credit report; bankruptcy discharge during the five years preceding the date of the credit report; repossession during the five years preceding the date of the credit report; foreclosure during the five years preceding the date of the credit report; charge-off/write-off of a federal student aid debt during the five years preceding the date of the credit report; wage garnishment during the five years preceding the date of the credit report; tax lien during the five years preceding the date of the credit report; consumer credit counseling within five years preceding the date of the credit report.