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Panacea Financial profile

Who owns Panacea Financial?

traditional · Little Rock, US · Licensed bank · custody: Custodial

short answerPanacea Financial holds its own banking licence, so Panacea Financial itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor.

Is Panacea Financial a licensed bank?

Yes — it holds its own banking licence. Licence detail: Division of Primis Bank (NASDAQ: FRST) — operates under Primis's US bank charter; FDIC-insured.

Where is your money held?

Custody model: Custodial — on Panacea Financial's own balance sheet as a licensed bank.

No sponsor bank or infrastructure provider is publicly documented for Panacea Financial yet. Know one? Suggest it.

Who's behind Panacea Financial?

Panacea Financial was founded by Michael Jerkins, Ned Palmer (2020), headquartered in Little Rock, US.

Is my money safe with Panacea Financial?

As a licensed bank, eligible deposits at Panacea Financial are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

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Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.