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

LocumTenens.com
Member Benefits

LocumTenens.com

Panacea can help LocumTenens.com members save thousands. Simply use promo code LocumTenens2025 on your application to qualify for benefits and join the bank built for doctors, by doctors.

Start Your Application

LocumTenens.com Member Benefits

Panacea can help LocumTenens.com physicians save thousands.

Simply use promo code LocumTenens2025 on your application to qualify for benefits and join the bank built for doctors, by doctors.

Start Your Application
LocumTenens.com

0.125%1
DISCOUNT

On Interest Rate For
Panacea Student
Loan Refinance

0.25%1
DISCOUNT

On Interest Rate
For PRN
Personal Loans

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CNBC
Business Insider
Investopedia

Who We Are

Created by doctors, for doctors, Panacea Financial’s mission is to make doctors’ lives better. We’re dedicated to making financing simpler to understand and easier to access.

Get To Know Us

Student Loan Refinance For Physicians

Transparent
Rates

No
Maximums

No
Cosigners

In-House
Servicing

Refinancing designed specifically for the expensive debt accrued during medical school. Four rates to choose from that do not change — no bait and switch, no wasted time on a pre-application to find your rate.

  • Transparent Rates
  • No Maximums
  • No Cosigners
  • In-House Servicing
Refinance Your Medical School Debt Today

Transparent
Rates

No
Cosigners

No
Maximums

In-House
Servicing

PRN Personal Loans

Quick
Funding

No
Cosigner

No Prepayment
Penalties

100 percent digital icon

100%
Digital

Fair and affordable personal loans up to $50,0003 with low, transparent, fixed rates quick to use as needed.

Enter promo code on the application to get a rate discount when you take out a PRN Personal Loan.

  • Quick Funding
  • No Cosigner
  • No Prepayment Penalties
  • 100% Digital
Apply For A PRN Personal Loan Today

Quick
Funding

No Prepayment
Penalties

No
Cosigner

100-digital

100%
Digital

Practice Loans & Deposits

Lending and banking services for your practice needs.

The Panacea Practice Solutions team is here to help you accelerate your practice through specialized credit structures, competitive pricing, and experienced advice as you start, build, and grow your practice.

  • Partner Buy-In
  • Refinance/Consolidation
  • Acquisition
  • Expansion/Relocation
  • Equipment
  • Commercial Real Estate Financing
Start Your Loan Application Now

Partner Buy-In

Refinance/Consolidation

Acquisition

Expansion/Relocation

Equipment

Commercial Real Estate
Financing

Personal Checking & High Yield Savings Accounts

Checking and savings accounts for doctors, doctors-in-training, and their immediate family! Take advantage of free checking and high-yield savings accounts without the hassle.

  • High-yield savings account at 3.80% APY – over 9x the national average!2
  • 100% free checking with unlimited ATM use nationwide.
  • No monthly fees. No overdraft fees. FDIC insured.
Learn More

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

Rate Discount Details

  • 1. 0.25% rate discount for PRN personal loan and 0.125% discount on student loan refinance: Terms and conditions apply. Offer good for new student loan refinancing customers only and subject to lender approval. To receive the offer, you must: (1) register and/or apply with promo code LocumTenens2025, (2) complete a loan application with Panacea Financial within 30 days of your application submit date, (3) and meet Panacea Financial underwriting criteria. Once conditions are met and the loan the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount because of your involvement with a Panacea Financial partner company at the time of loan origination. Offer good for new customers only. Cannot be combined with other rate discounts, with the exception of the 0.50% AutoPay rate discount. Panacea Financial reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.
  • Discounts offered to LocumsTenens.com physicians. Offer cannot be combined with any other offers, except any discount for making automatic payments. Offer subject to change.
  • 2. National Average based on FDIC as of 12/31/2024 (https://www.fdic.gov/regulations/resources/rates). APY = Annual Percentage Yield. The advertised APY is effective 12/31/2024 and subject to change thereafter. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time.
  • 3. 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. 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.

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Panacea Financial logo

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

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Products
Field
Resources
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 minimum APR is 10.638% (with all discounts) and the maximum APR is 17.850% (with no discounts). 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. We offer a 0.50% discount with auto-pay from a Panacea checking account and a 0.25% discount with auto-pay from a non-Panacea checking account. To check the rates and terms you qualify for, click “Get Started” 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. PRN Loans have no prepayment penalty or prepayment fee and may be repaid at any time after loan closing. The minimum repayment period is immediately after closing. The minimum and maximum term varies by employment status. In Practice and In Training PRN Personal Loans have repayment periods of 3, 5, or 7 years. In School PRN Personal Loans have repayment periods of 5 or 7 years. Example scenario of PRN In Training 5-year term loan: 14.176% fixed APR, $20,000 loan. APR includes $100 origination fee. Repayment is interest only monthly payments varying from $215.87 to $239.00 in years 1-3, fixed monthly payments of $965.22 in years 4 -5 (11 payments year 5), and one final fixed payment of $965.29. Total finance charges: $11,615.15. 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.

6. Panacea Legal Services partners with Panacea Financial Holdings to assist with administrative and consultative services. The delivery of legal services will be the exclusive responsibility of Panacea Legal Services. Panacea Legal Services does not have a relationship with Primis Bank. ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. ANY COMPLAINTS ABOUT THIS ADVERTISEMENT OR THE REPRESENTATION OF ANY LAWYER MAY BE DIRECTED TO THE SUPREME COURT COMMITTEE ON PROFESSIONAL CONDUCT, C/O CLERK, ARKANSAS SUPREME COURT, 625 MARSHALL STREET, LITTLE ROCK, ARKANSAS 72201.

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