Item 8.01 Other Events.

On May 31, 2022, Primis Bank (the "Bank"), the wholly-owned banking subsidiary of Primis Financial Corp. (the "Company"), completed the previously announced acquisition (the "Acquisition") of 100% of the outstanding capital stock of SeaTrust Mortgage Company ("SeaTrust") from Community First Bank, Inc. ("Seller") pursuant to the Stock Purchase Agreement, dated as of April 28, 2022 (the "Purchase Agreement") by and among the Bank, Seller, and SeaTrust.

Pursuant to the Purchase Agreement, the Bank paid an aggregate purchase price of $7 million in cash to Seller at closing and will repay approximately $13.8 million of SeaTrust's indebtedness under certain warehouse lending facilities.

Following the closing of the Acquisition, on June 1, 2022, the Bank changed the name of SeaTrust to "Primis Mortgage Company".

The foregoing descriptions of the Purchase Agreement and the Acquisition do not purport to be complete and are qualified in their entirety by reference to the full text of the Purchase Agreement, a copy of which was previously filed as Exhibit 10.01 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on May 3, 2022 (as amended).

On June 1, 2022, the Company also issued a press release related to the closing of the Acquisition, which is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.



Exhibit       Description
No.

99.1            Press Release Dated June 1, 2022
104           Cover Page Interactive Data File - the cover page XBRL tags are
              embedded within the Inline XBRL document

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