Chesapeake Bank


Overview / Commentary
804-435-1181
97 North Main Street
Kilmarnock, VA 22482

Chesapeake Bank is headquartered in KILMARNOCK and is the 19th largest bank in the state of Virginia. It is also the 732nd largest bank in the nation. It was established in 1900 and as of March of 2024, it had grown to 274 employees at 19 locations. Chesapeake Bank's savings rates are 7X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #6862
Year Established1900
Employees274
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD10.54%
Annual Interest Income$19.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.51B$1.33B
LoansQ1 2024vs Q1 2023$890.3MM$787.4MM
DepositsQ1 2024vs Q1 2023$1.34B$1.17B
Equity CapitalQ1 2024vs Q1 2023$121.2MM$106.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$9.7MM$9.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$771K$3.1MM
Real Estate OwnedQ1 2024vs Q1 2023$839K$971K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Chesapeake Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chesapeake Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.70%*$250k*-Clear Sky Savings
OTHER TIERS: 0.20% $1 - $250k
0.75%$10-Christmas Club Rate
0.20%$100-Totally Free Savings

Chesapeake Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$1m*-Money Market Account
OTHER TIERS: 0.10% $5k - $25k | 0.90% $25k - $100k | 1.00% $100k - $500k | 1.10% $500k - $1m

Chesapeake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Prosper Checking
OTHER TIERS: 0.15% $5k - $25k | 0.20% $25k - $50k

Chesapeake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%$1k-13 Month CD
4.75%$1k-7 Month CD
3.30%$1k-37 Month CD
3.25%$1k-182 Day CD
3.00%$1k-12 Month CD
2.75%$1k-3 Year CD
1.35%$1k-2 Year CD
1.30%$1k-5 Year CD
1.25%$1k-18 Month CD
0.65%$1k-30 Day CD
0.65%$1k-90 Day CD

Chesapeake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$100-1 Year IRA
3.75%$100-1 Year Roth IRA
3.25%$100-3 Year IRA
3.25%$100-3 Year Roth IRA
Locations

Availability

Richmond Area

Interactive local rates map


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