Primis Financial Corp. Announces Appointment of New Board Member Margaret Weichert

Rhea-AI Summary

Primis Financial (NASDAQ: FRST) appointed Margaret M. Weichert to its Board of Directors. She brings 30 years of financial services experience across banks, multinationals, government, startups and nonprofits.

Her background spans payments technology, AI, cloud, cyber, blockchain, and leading businesses with hundreds of millions in revenue and trillions in payment volume.

Positive

• Appointment of seasoned financial services executive Margaret Weichert to the board
• Board gains expertise in payments, artificial intelligence, cloud, cyber and blockchain
• Added leadership experience running businesses with hundreds of millions in revenue
• Board strengthened by director with 16 U.S. payment-related patents

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MCLEAN, Va., June 30, 2026 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") and its wholly-owned subsidiary Primis Bank, today announced that Ms. Margaret M. Weichert was elected to Primis' Board of Directors.

Ms. Weichert is a visionary financial services executive with a 30-year record of success in complex operating environments. Her background includes strategy, marketing, operations and profit and loss experience in banks, multinational corporations, large government agencies, start-ups, and not-for-profits. A former banker as well as an entrepreneur, Ms. Weichert has deep experience with technology (including, but not limited to, embedded payments, artificial intelligence, cloud, cyber and blockchain) and transformation. Ms. Weichert ran businesses at Accenture, Bank of America, First Data and The Clearinghouse with hundreds of millions in revenue, payment volume in trillions of U.S. dollars and government balance sheets over $2 trillion. She led transformational change in government as the Senate-confirmed Deputy for Management in the Office of Management and Budget and as leader of the government Office of Personnel Management. Ms. Weichert's work as a payment industry inventor has resulted in sixteen U.S. patents and dozens of payment product and business model innovations. Ms. Weichert currently serves as an Adjunct Professor at Georgetown University and serves on the Advisory Board of the Smithsonian Libraries and Archives as well as several financial technology startups.

Dennis J. Zember, Jr., President and Chief Executive Officer of the Company, stated, "I am excited to welcome Margaret to the Primis and Primis Bank Board of Directors. Our time spent with her over the last few months leads us to believe she is the perfect fit for our strategy and culture. Her unique combination of technology and financial expertise along with a successful track record as an entrepreneur will be invaluable to us as we continue to build a highly profitable tech-forward organization."

About Primis Financial Corp.

As of March 31, 2026, Primis had $4.3 billion in total assets, $3.4 billion in total loans held for investment and $3.4 billion in total deposits. Primis Bank provides a range of financial services to individuals and small- and medium-sized businesses through twenty-four full-service branches in Virginia and Maryland and provides services to customers through certain online and mobile applications.

Contacts:	Address:
Dennis J. Zember, Jr., President and CEO Matthew A. Switzer, EVP and CFO Phone: (703) 893-7400	Primis Financial Corp. 1676 International Drive, Suite 900 McLean, VA 22102
Primis Financial Corp., NASDAQ Symbol FRST
Website: www.primisbank.com

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SOURCE Primis Financial Corp.

FAQ

What board change did Primis Financial (NASDAQ: FRST) announce on June 30, 2026?

Primis Financial announced that Margaret M. Weichert was elected to its Board of Directors. According to Primis, she brings broad experience from banking, consulting, government, startups and nonprofits, plus deep expertise in payments technology and digital transformation.

Who is Margaret Weichert, the new Primis Financial (FRST) board member?

Margaret Weichert is a financial services executive with over 30 years of experience. According to Primis, she has led businesses at Accenture, Bank of America, First Data and The Clearinghouse, and served in senior U.S. government management roles.

What technology experience does Primis Financial’s new board member bring to FRST?

Primis Financial states that Margaret Weichert has deep experience in embedded payments, artificial intelligence, cloud, cyber and blockchain. According to Primis, her work as a payments inventor has resulted in sixteen U.S. patents and numerous payment product and business model innovations.

How might Margaret Weichert’s background support Primis Financial’s strategy for FRST shareholders?

Primis’ CEO believes Weichert is an excellent fit for the company’s strategy and culture. According to Primis, her mix of technology and financial expertise aligns with its goal of building a highly profitable, tech-forward organization, which may support long-term strategic execution.

What prior leadership roles has Primis Board member Margaret Weichert held in government?

According to Primis, Margaret Weichert served as Senate-confirmed Deputy for Management in the Office of Management and Budget. She also led the U.S. government’s Office of Personnel Management, overseeing large-scale transformation and substantial public-sector balance sheets.

Does Primis Financial’s new board member hold other current positions outside FRST?

Yes. Primis notes that Margaret Weichert is an Adjunct Professor at Georgetown University. She also serves on the Advisory Board of the Smithsonian Libraries and Archives and advises several financial technology startups, adding academic and fintech perspectives to Primis’ board.