Prime Meridian Holding Company
PMHG
Other OTC58.00
USD
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Prime Meridian Holding Company
PMHG
(Other OTC)
Recent
price
58.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank, providing a broad range of community banking services primarily in Florida. Its core products and services include checking accounts; savings accounts; money market accounts; certificates of deposit; interest-bearing and non-interest-bearing accounts; health savings accounts; time deposits; and comprehensive loan products such as small business, equipment, commercial real estate, business term, residential real estate, home equity, home mortgage, multi-family, small business administration (SBA) loans, construction loans, commercial loans, and consumer loans including automobile, boat, and recreational vehicle financing. The company also offers business lines of credit and digital banking services including mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, and related ATM services. Prime Meridian serves individual and corporate clients through its network of four Florida branches located in Tallahassee, Crawfordville, and Lakeland. Founded in 2007 and headquartered in Tallahassee, Florida, the company targets retail and commercial banking markets within the state. A significant recent development for Prime Meridian Holding Company is the strategic agreement announced in April 2025 for its acquisition by MIDFLORIDA Credit Union, a leading financial institution headquartered in Lakeland, Florida. This acquisition, valued at approximately $190 million, will integrate Prime Meridian Bank and its four branches into MIDFLORIDA’s operations, expanding the credit union’s footprint into Florida’s panhandle region. The transaction, subject to regulatory and shareholder approvals, is expected to close in 2026. Prime Meridian shareholders are set to receive $58.50 in cash per share under the merger agreement. This acquisition marks MIDFLORIDA’s third bank acquisition in five years, significantly increasing the combined entity’s assets, loans, branch network, and employee base. The strategic move aims to enhance customer offerings with expanded digital banking tools, a wider service suite, and operational synergies. Prime Meridian’s CEO and management team will transition under MIDFLORIDA’s leadership following the completion of the transaction. Prime Meridian Holding Company competes in the banking industry, specifically within the community banking and financial services segments, offering products tailored for personal, small business, and commercial customers. The company generates revenue primarily through interest income and fees associated with its loan portfolio, as well as service charges linked to deposit accounts and digital banking services. It is a publicly traded entity on the OTC market under the ticker PMHG. Its wholly-owned subsidiary, Prime Meridian Bank, remains the operational arm delivering front-line banking services in Florida’s regional markets. This description incorporates Prime Meridian’s comprehensive banking product portfolio, its strategic acquisition by MIDFLORIDA Credit Union in 2025, operational geography within Florida, founding details, and focus on community banking services for retail and commercial clients across its four branches, providing a holistic picture of the company’s current business and recent major corporate changes.
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