Burke & Herbert Bank & Trust Company is headquartered in ALEXANDRIA and is the 8th largest bank in the state of Virginia. It is also the 349th largest bank in the nation. It was established in 1852 and as of June of 2023, it had grown to 407 employees at 23 locations. Burke & Herbert Bank & Trust Company's money market rates are 7X the national average, and it has a B health rating.
Excellent Security Procedures
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.
Dissapointment
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!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11578 |
| Year Established | 1852 |
| Employees | 407 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 10.84% |
| Annual Interest Income | $71.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $3.57B$3.59B |
| Loans | Q2 2023vs Q2 2022 | $1.98B$1.73B |
| Deposits | Q2 2023vs Q2 2022 | $3.01B$2.96B |
| Equity Capital | Q2 2023vs Q2 2022 | $286.9MM$291.1MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $25.9MM$23.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.9MM$6.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
