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Overview / Commentary
20701 First Street
Mc Kenney, VA 23872

Bank of McKenney is headquartered in Mc Kenney and is the 54th largest bank in the state of Virginia. It is also the 2,680th largest bank in the nation. It was established in 1906 and as of September of 2017, it had grown to 65 employees at 7 locations. Bank of McKenney has an A health rating.

Reviews (1)

Unfair Charges

 

On Friday at around 9:45 , I went to your Hopewell Branch to report my business card stolen I had a balance of $245.53 . The cashier said she canceled my card and ordered me a new and told me there will be no overdraft charges . On Tuesday I went to the Colonial Heights office and found 3 fraudulent charges for 2.99 , 22.99 , 36.74 , She said to wait in tell tomorrow to fill out paperwork for the fraudulent charges . On Wednesday , I spoke to Cynthia Wells she filled out forms for the 3 fraudulent charges and a new fraudulent charge for 52.40 . Also 3 checks cleared my account with a balance of -24.47 . She told me there are no overdraft charge due to fraud on my account . On Thursday I called Cynthia Wells and she told me there was no more fraudulent charges on my account . I asked her what my balance was she said -94 dollars , I asked her why It was more negative she said “ more checks have cleared . “ So I deposited a check for $100 to cover any more checks . I get home and look up my account on the internet and find a service charge of $70 on my account . Cynthia Well lied to me when she said The extra $70 was a check that cleared . This is very unprofessional and unethical .

 



Health

Health Grade Components

Overall
FDIC Certificate #6139
Year Established1906
Employees65
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD2.97%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$230.4MM$221.7MM
LoansQ3 2017vs Q3 2016$167.2MM$152.1MM
DepositsQ3 2017vs Q3 2016$201.2MM$192.8MM
Equity CapitalQ3 2017vs Q3 2016$26.6MM$26.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.6MM$2.6MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.9MM$2.5MM
Real Estate OwnedQ3 2017vs Q3 2016$526.00K$375.00K
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