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Panacea Financial Joins the American Academy of Orthopaedic Surgeons’ (AAOS) Member Advantage Program

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Panacea to offer AAOS members preferred banking and lending services

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis Financial Corp. that provides financial services for physicians and dentists through all stages of their training and practice, has joined the American Association of Orthopaedic Surgeons’ (AAOS) Member Advantage Program, an exclusive AAOS member-only program that offers a wide range of discounts and member savings on the most reliable and relevant products and services. As a program partner, Panacea will serve as a preferred banking and lending provider to AAOS’ 39,000 orthopaedic surgeons.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “Orthopaedic surgeons work extremely hard for their patients and deserve a bank that works just as hard to make their life easier. With loans designed just for surgeons, nationwide digital banking, and 24/7 live customer service, Panacea Financial is proud to serve AAOS and its members.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical and dental professionals.  Panacea provides tailored product offerings and service delivery designed specifically for physicians and dentists throughout their career: from school, through training, and into practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, student loan refinancing, and practice loans.

“We are pleased to welcome Panacea to the AAOS Member Advantage Program,” said Ben Harkinson, vice president, AAOS Commercial Solutions. “Together with our partners, we strive to offer value-added solutions to support AAOS members. With access to reputable products and services, orthopaedic surgeons can find relevant resources that support their needs.”  

Panacea President and Co-Founder, Michael Jerkins, MD, added, “As a result of the COVID-19 pandemic, orthopaedic surgeons have been faced with an ever-changing clinical landscape. Panacea is proud to support our orthopaedic colleagues through this challenging time with physician-centric services.”

For more information, please visit staging.panaceafinancial.com.

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for doctors, by doctors. Follow Panacea Financial on Instagram, Facebook, Twitter, and LinkedIn.

 

About American Academy of Orthopaedic Surgeons

With more than 39,000 members, AAOS is the world’s largest medical association of musculoskeletal specialists. The AAOS is the trusted leader in advancing musculoskeletal health. It provides the highest quality, most comprehensive education to help orthopaedic surgeons and allied health professionals at every career level best treat patients in their daily practices. The AAOS is the source for information on bone and joint conditions, treatments, and related musculoskeletal health care issues, and it leads the health care discussion on advancing quality. Follow the AAOS on Facebook, Twitter, LinkedIn, and Instagram.

Click here for the full press release.

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833-472-6223

Here’s to better financial solutions for physicians, dentists and veterinarians.

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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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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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