Clear Mountain Bank

Overview / Commentary
160 Morgantown St
Bruceton Mills, WV 26525

Clear Mountain Bank is headquartered in BRUCETON MILLS and is the 5th largest bank in the state of West Virginia. It is also the 1,062nd largest bank in the nation. It was established in 1931 and as of December of 2023, it had grown to 154 employees at 11 locations. Clear Mountain Bank has an A health rating.

Reviews (3)

Simply Awesome!

Posted by: |

Simply awesome! Easy to understand products, low fees, great service. Locally owned. What a bank should be.

Horrible Service

Posted by: |

Rates are very attractive, but their customer service is terrible. We've been approved for a loan for over three months. Every time we get close to closing they need some other esoteric paper work. The bank officer won't return calls, won't give us straight answers, and we have to go through a third party with connections in the bank to get them to return messages. Do not use this bank unless you have plenty of time to waste and enjoy frustration.

Stay Away If You're A Small Business

I took out a business loan through them during COVID. I was elated they approved my loan, but then again, it wasn't very much in comparison to other businesses. However, after I signed the agreement and started payments, I was completely forgotten about. My loan specialist refused to return calls and e-mails for weeks at a time. When I would finally get through to speak with him, he did his best to end our call within a minute. No lie. One whole minute. He did not care about me or my business in the slightest, despite the fact that I always made my payments on time and did everything right.

Stay away from them. They might loan you money, but you'll be treated like garbage thereafter, especially if you're a small business owner.


Health Grade Components

FDIC Certificate #2443
Year Established1931
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD10.88%
Annual Interest Income$43MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$951.7MM$880.7MM
LoansQ4 2023vs Q4 2022$656.2MM$583.2MM
DepositsQ4 2023vs Q4 2022$792.9MM$766.9MM
Equity CapitalQ4 2023vs Q4 2022$93.4MM$79.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$9.4MM$9.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.8MM$1.5MM
Real Estate OwnedQ4 2023vs Q4 2022$25K$116K

Sorry, we do not have rate data for Clear Mountain Bank.


Cities: Bridgeport, Bruceton Mills, Kingwood, Morgantown, Oakland, Reedsville, Rowlesburg, Terra Alta

Bridgeport Branches
Bridgeport Office Branch15 Sweetbrier LaneBridgeport, WV 26330

Bruceton Mills Branches
Clear Mountain Bank160 Morgantown StBruceton Mills, WV 26525

Kingwood Branches
Kingwood Office330 East Main StreetKingwood, WV 26537

Morgantown Branches
Glenmark Centre102 Venture Dr., Suite 1Morgantown, WV 26508
Suncrest Office Branch1085 Van Voorhis, Suite 150Morgantown, WV 26505
Sabraton Branch Kroger Store1851 Earl Core Rd.Morgantown, WV 26505

Oakland Branches
Oakland Branch12730 Garrett HighwayOakland, MD 21550

Reedsville Branches
Reedsville Office115 North Robert Stone WayReedsville, WV 26547

Rowlesburg Branches
Rowlesburg Branch30 East Main StreetRowlesburg, WV 26425

Terra Alta Branches
The Terra Alta Bank Branch1101 East State StreetTerra Alta, WV 26764

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