Bank of Clarke is headquartered in BERRYVILLE and is the 17th largest bank in the state of Virginia. It is also the 614th largest bank in the nation. It was established in 1881 and as of March of 2025, it had grown to 233 employees at 14 locations. Bank of Clarke has a B+ health rating.
Best Bank
Bank of Clarke provides outstanding customer service. Their rates are very competitive currently and they go above and beyond to help their customers.
Bank Of Clarke
Legalized extortionists. I had begun to withdraw from using them but kept my accounts open. After two months of little to no use I was contacted via email to let me know my account was overdrawn for quite a while. Turns out I had a few automatic pay pal subscriptions that I forgot about. My Fault.
However I also had a setup to automatically pull money from checking to savings. That bounced 4 times before they decided to call me and the would not reverse the charges. I have banked with them for 25 years and now I say too riddens. I know several people who have left due to security issues with their accounts or various other issues. Not to mention they charge for a paper statement and ATM withdrawals at other locations.
Worst Bank In The Area
Worst bank in the area and seem to be out of touch with the industry. They will block your access to your money when visiting a foreign country, especially when you need to pay for a medical visit and even after you say you approve the charge. The CEO seems out of touch from employees based on other reviews.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6123 |
| Year Established | 1881 |
| Employees | 233 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.41% |
| Return on Equity - YTD | -15.32% |
| Annual Interest Income | $23.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.9B$1.78B |
| Loans | Q1 2025vs Q1 2024 | $1.44B$1.43B |
| Deposits | Q1 2025vs Q1 2024 | $1.62B$1.47B |
| Equity Capital | Q1 2025vs Q1 2024 | $199.7MM$135.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $15.3MM$14.4MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $16.9MM$4.6MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
