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

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Recent Articles

What Is Locum Tenens? & Other FAQs

What Is Locum Tenens? & Other FAQs

Locum tenens work has become an increasingly popular option for healthcare professionals seeking flexibility, diverse experiences, and the opportunity to work in various healthcare settings...

Why should I have my contract reviewed, physician contract review

How Professional Contract Review Helps Doctors

Career transitions as a doctor come with new contracts. Whether entering your first job after completing your training, making a move after several years at...

Buy/Sell Agreements: In The Event Of A Partner’s Death Or Disability

Buy/Sell Agreements: In The Event Of A Partner’s Death Or Disability

Guest post – By the Treloar & Heisel team, our insurance partner Planning for unexpected events like death or disability isn’t something anyone enjoys. Yet...

What Hospitalists Should Know About Employment Contracts

What Hospitalists Should Know About Employment Contracts

There are certain things that all doctors, regardless of their specialty or practice type, need to be aware of as they enter into contracts. Compensation...

Do I Need Physician Life Insurance?

Do I Need Physician Life Insurance?

Insurance is an important part of an individual’s financial plan. Life insurance can help protect your assets, loved ones, and other individuals, such as business...

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Podcasts

Dr. Graham Walker – Medtech, generational differences, and the hidden crisis in healthcare

Dr. Graham Walker – Medtech, generational differences, & the hidden crisis in healthcare

Dr. Graham Walker, an emergency physician, software developer, and the visionary behind MDCalc, shares how he bridges the gap between technology and medicine. Dr. Walker...

Dr. Danielle Ofri – The significance of humanity in how we approach healthcare

Dr. Danielle Ofri – The Significance of Humanity in How We Approach Healthcare

Internist, professor, editor-in-chief, and author, Dr. Danielle Ofri, a prominent voice in the medical world, delves into the complex dynamics of hierarchy in medicine, the...

Jillian Vestal & Dr. Josh Daily – Contract Negotiation Tips

Jillian Vestal & Dr. Josh Daily – Contract Negotiation Tips

Can market and social norms work to your benefit during negotiations? What are common mistakes to avoid? How do you determine your worth as a...

Dr. Angela Fitch - Obstacles to Treating Obesity and How to Fix Them

Dr. Angela Fitch – Obstacles to Treating Obesity and How to Fix Them

Co-founder and Chief Medical Officer at Knownwell, Dr. Angela Fitch discusses the importance of recognizing obesity as a chronic disease, the insurance barriers surrounding access...

Dr. Benjamin Kinnear - Time-Variable Residency Training & The Damage of Toxic Quizzing

Dr. Benjamin Kinnear – Time-Variable Residency Training & The Damage of Toxic Quizzing

Med-Peds hospitalist, residency program director, and PhD candidate Dr. Ben Kinnear discusses how time-variable training impacts learning amongst students and residents and the importance of...

Mark Cuban podcast episode part 2

Mark Cuban (Part 2) – Improving Healthcare, Student Debt, and Much More

Entrepreneur Mark Cuban discusses the vital role risk mitigation plays in rising healthcare costs, the effect medical school costs have on access to quality care...

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Webinars

Employment Contracts for Doctors: Tips, Risks, and Red Flags

November 12, 2024

Exploring Trainees’ Experience During Residency and Fellowship

July 16, 2024

Avoiding Financial Pitfalls and Investing for the Future

January 23, 2024

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Guides & Assets

A Medical Student’s Guide To The Match

October 15, 2024

A Doctor’s Guide to Contract Review

October 4, 2024

Should I Open A Second Dental Practice? – Guide

October 1, 2024

Buying Into a Medical Practice

September 25, 2024

Bringing Passion & Purpose to Practice

August 28, 2024

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Calculators

Credit Card Vs. Personal Loan Calculator

March 6, 2023

High-Yield Savings Calculator

February 17, 2023

Doctor Life Insurance Calculator

February 28, 2022

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

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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
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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.

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