Burke & Herbert Bank & Trust Company

Overview / Commentary
100 South Fairfax Street
Alexandria, VA 22314

Burke & Herbert Bank & Trust Company is headquartered in Alexandria and is the 8th largest bank in the state of Virginia. It is also the 332nd largest bank in the nation. It was established in 1852 and as of June of 2022, it had grown to 399 employees at 24 locations. Burke & Herbert Bank & Trust Company has a B+ health rating.

Excellent Security Procedures

Posted by: |

They do a great job securing my accounts from Bozo scammers.

Free Checking and ATM's!

It's a no wonder this bank has been around since 1852. Loyal customers can expect free checking and ATM reimbursements and well as discounts from local merchants. Online and mobile banking is simple yet secure. But, their shining star is their exemplary customer service. While out of town, I discovered my debit card was breached and my checking account drained. Not being able to make it to a branch, the restoration of funds was handled swiftly over the phone and with a quick fax of an affidavit. I was assisted by extremely polite and competent personnel.

Oldest bank in Virginia

This bank is a local bank that has been serving people for many generations in the Northern Virginia area as it is Virginia's oldest bank. Its really unique and quite cool as it is owned and operated by members of the Burke and Herbert families since the 1800's. They offer superb customer service and an old fashioned approach to banking without omitting the convenience of modern technology and all that it has to offer. Using this bank makes me feel like a part of a family that I can trust.


Posted by: |

I was Charged $35 twice per day and against your 12 hours depositing the funds back policy for a overdraft fee to be assessed....and your customer service telling me it should be done before 5pm....simply shameful!



Health Grade Components

FDIC Certificate #11578
Year Established1852
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD11.58%
Annual Interest Income$50.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.59B$3.55B
LoansQ2 2022vs Q2 2021$1.73B$1.75B
DepositsQ2 2022vs Q2 2021$2.96B$2.91B
Equity CapitalQ2 2022vs Q2 2021$291.1MM$390.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$23.4MM$33.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$6.1MM$27.6MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Burke & Herbert Bank & Trust Company are currently being reviewed.



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