Tech-focused leader Margaret Weichert joins Primis (FRST) board
Rhea-AI Filing Summary
Primis Financial Corp. announced that its Board of Directors and the Primis Bank board appointed Margaret M. Weichert as a director and member of the Corporate Governance Committee, effective June 25, 2026. The Board determined she is independent under NASDAQ listing rules and that she has no related-party relationships or transactions requiring disclosure.
Weichert brings three decades of experience in financial services, technology, and government, including leadership roles at Accenture, Bank of America, First Data and The Clearinghouse, and service as a Senate-confirmed Deputy for Management at the Office of Management and Budget. As of March 31, 2026, Primis reported $4.3 billion in total assets, $3.4 billion in total loans held for investment and $3.4 billion in total deposits, providing regional banking services through twenty-four branches and digital channels.
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8-K Event Classification
Key Figures
Key Terms
independent financial
Item 404(a) of Regulation S-K regulatory
Director Compensation financial
embedded payments technical
blockchain technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the recommendation of its Corporate Governance Committee, effective June 25, 2026 the Board of Directors (the “Board”) of Primis Financial Corp. (the “Company”) and Prims Bank (the “Bank”) appointed Margaret M. Weichert to the Company and Bank boards and to serve on the Corporate Governance Committee.
Ms. Weichert is a highly successful financial services executive. 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 and transformation including running businesses at Accenture, Bank of America, First Data and The Clearinghouse. 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.
The Board has determined that Ms. Weichert is “independent” as defined under the listing rules of the NASDAQ Stock Market. There are no family relationships between Ms. Weichert and any director or executive officer of the Company. There are no arrangements or understandings between Ms. Weichert and any other persons or entities pursuant to which Ms. Weichert was appointed as a director of the Company.
There are no transactions involving Ms. Weichert and the Company that require disclosure under Item 404(a) of Regulation S-K.
As of the date of her appointment, Ms. Weichert is entitled to receive compensation that is consistent with the compensation received by the other members of the Board. A description of the compensation payable to members of the Board is set forth under the heading “Director Compensation” in the Company’s Definitive Proxy Statement filed with the SEC on April 10, 2026 and is incorporated herein by reference.
A copy of the press release announcing Ms. Weichert’s appointment to the Board is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated June 30, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PRIMIS FINANCIAL CORP. | ||
| By: | /s/ Matthew A. Switzer | |
| June 30, 2026 | Matthew A. Switzer | |
| Chief Financial Officer | ||
Exhibit 99.1
Primis Financial Corp. Announces Appointment of New Board Member Margaret Weichert
For immediate release
June 30, 2026
McLean, Virginia, June 30, 2026 –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 | Primis Financial Corp. |
| Matthew A. Switzer, EVP and CFO | 1676 International Drive, Suite 900 |
| Phone: (703) 893-7400 | McLean, VA 22102 |
Primis Financial Corp., NASDAQ Symbol FRST
Website: www.primisbank.com