Primis Bank Expands Warehouse Lending Division with Experts
Primis Bank is thrilled to introduce a significant expansion within its Warehouse Lending Division, now led by the esteemed Drey Roberts. This strategic move is designed to boost the bank's ability to serve the growing needs of the mortgage market, enhancing its offerings in the realm of non-CRE oriented loans and strengthening commercial deposits.
Leadership Team's Background
Drey Roberts, along with his experienced team, previously worked at a large regional bank where he served as the national sales manager of the warehouse lending division for nearly ten years. Under his leadership, their division consistently managed over $1.0 billion in monthly loan balances, demonstrating their prowess in the industry.
Primis's Innovative Approach
Roberts expressed his enthusiasm about joining Primis Bank, noting the executive leadership's comprehensive understanding of the nuances and risks involved in warehouse lending. This depth of knowledge, combined with the team's extensive experience, positions Primis to provide exceptional service to its clients.
"The excitement and expertise demonstrated during our initial discussions signaled a promising partnership," Roberts stated. Many key customers have already engaged with the executive team, showcasing Primis as a reliable long-term partner.
Market Position and Future Growth
Projections from national mortgage authorities suggest that mortgage volumes are expected to rise in the coming years. With the Warehouse Lending Division's expansion, Primis Bank is poised to greatly benefit as the mortgage market continues to flourish.
Since the team's onboarding in early October, Roberts and his colleagues have swiftly secured over 40 new clients nationwide, further solidifying Primis Bank's role as a critical funding partner for mortgage companies throughout the United States.
CEO's Vision for the Future
Primis Bank's CEO, Dennis Zember, has shared his optimistic view on the potential impact of this new division. "The ambition of Roberts and his team is inspiring, and I am confident in our ability to enhance profitability and operational outcomes," he remarked, after meeting various clients and witnessing their rapid onboarding process from application to funding.
A Closer Look at Primis Bank
As of late September, Primis Financial Corp. boasted assets totaling $4.0 billion, with $2.9 billion in total loans available for investment and $3.3 billion in total deposits. Primis Bank provides a diverse suite of financial services to individuals and small to medium-sized enterprises through its 24 branches located in Virginia and Maryland, along with various internet and mobile application services.
Getting in Touch
For more information regarding the features of the new Warehouse Lending Division, interested parties can reach out to Primis Bank directly or visit their website for additional details.
Frequently Asked Questions
What is the focus of Primis Bank's new Warehouse Lending Division?
The new division is designed to enhance non-CRE oriented loans and boost commercial deposits, capitalizing on the growing mortgage market.
Who is leading the Warehouse Lending Division?
The division is led by Drey Roberts, who has extensive experience in warehouse lending.
How many new clients has Primis Bank secured recently?
Since the team joined Primis, they have acquired over 40 new clients across the United States.
What is Primis Bank's overall market strategy?
Primis Bank aims to strengthen its position in the mortgage market through innovative services and by forming lasting partnerships with its clients.
How can interested parties learn more about Primis Bank?
Individuals can visit the Primis Bank website or contact their offices for further information about the bank's services and initiatives.
