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This name would be ideal for a banking or loans brand.
The name "ESSENTIALBANK" has 13 characters and four syllables. Established brands using four syllable names include Panasonic, ESPN and Unilever.
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, used by famous websites like twitter.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.