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This name would be ideal for a banking or loans brand.
ESSENTIALBANK has 13 characters and four syllables. Four syllable names are used by established brands like Panasonic, Coca-Cola and ESPN.
This domain was first registered in September 2015. Older domains have an advantage when ranking in search engines.
Essentialbank.com is a dot-com domain. Dot com domains are the most prestigious top-level-domain in the world, famously used by websites like facebook.com. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.