Essex Bank

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.56%	5-year CD	60 Months CD 1.85% - Synchrony Bank 60 Month CD
0.35%	1-year CD	365 Day Steady Saver CD 1.05% - Ally Bank High Yield 12-Month CD
0.35%	Savings	Prosperity Savings 1.00% - Ally Bank Online Savings Account

View all Essex Bank rates »

Overview / Commentary

www.essexbank.com

804-443-8500

9954 Mayland Drive
Richmond, VA 23233

Essex Bank is headquartered in Richmond and is the 22^nd largest bank in the state of Virginia. It is also the 619^th largest bank in the nation. It was established in 1926 and as of June of 2016, it had grown to 244 employees at 22 locations. Essex Bank has a B health rating.

WORST BANK! I RATHER USE A PREPAID DEBIT CARD

Posted by: Thatis Mrthot Toyou | Jan 1, 2015

No one answers the customer service number when you need help! No one contacts you back when you leave messages! Their direct deposit processing is late, you won't get paid on your payday! The bank is VERY inconvenient, VERY limited in their banking options and VERY misleading! I would discourage my worst enemy from banking here, because NO ONE deserves this type of amateur and incompetent handling of their money!

Reply

1

Health

B

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	8675
Year Established	1926
Employees	244
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.85%
Return on Equity - YTD	8.74%
Annual Interest Income	$24.2MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$1.19B$1.16B
Loans	Q2 2016vs Q2 2015	$831.6MM$739.3MM
Deposits	Q2 2016vs Q2 2015	$959.1MM$953.3MM
Equity Capital	Q2 2016vs Q2 2015	$117.8MM$114.9MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$9.9MM$10.3MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$16.4MM$16.8MM
Real Estate Owned	Q2 2016vs Q2 2015	$4.9MM$4.7MM

Rates

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

Essex Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$5k^*	-	Health Savings Account (HSA)
OTHER TIERS: 0.10% → Up to $1k \| 0.25% → $1k - $5k
0.35%^*	$50k^*	-	Prosperity Savings
OTHER TIERS: 0.05% → $1k - $5k \| 0.10% → $5k - $25k \| 0.15% → $25k - $50k
0.35%^*	$50k^*	-	Business Prosperity Savings
OTHER TIERS: 0.05% → $1k - $5k \| 0.10% → $5k - $25k \| 0.15% → $25k - $50k
0.25%	-	-	E-Kids Savings for Kids
0.25%	-	-	Christmas Club
0.25%	$500	-	Variable Liquid IRA

Essex Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$250k^*	-	Prosperity Money Market
OTHER TIERS: 0.05% → Up to $5k \| 0.10% → $5k - $25k \| 0.15% → $25k - $50k \| 0.25% → $50k - $250k
0.35%^*	$250k^*	-	Business Prosperity Money Market
OTHER TIERS: 0.05% → Up to $5k \| 0.10% → $5k - $25k \| 0.15% → $25k - $50k \| 0.25% → $50k - $250k

Essex Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$50k^*	-	Cash Back Checking
OTHER TIERS: 0.10% → $1,500 - $25k \| 0.20% → $25k - $50k
0.25%	$50	-	Community First Checking
0.25%	$50	-	Business Community First Checking

Essex Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.56%	$500	-	60 Months CD
1.25%	$500	-	36 Months-One Time Bump CD
1.10%	$500	-	14 Month Flex CD
1.10%	$500	-	18 Month Flex CD
1.10%	$500	-	24 Month Flex CD
0.85%	$500	-	365 Days CD
0.75%	$2,500	-	365 Day No Penalty CD
0.40%	$500	-	182 Days CD
0.35%	$25	-	365 Day Steady Saver CD

Essex Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.56%	$500	-	60 Months IRA CD
1.36%	$500	-	36 Months IRA CD
1.21%	$500	-	Specials - 24 Month Flex IRA CD
1.15%	$500	-	Specials - 18 Month Flex IRA CD
1.10%	$500	-	14 Month Flex IRA CD
0.85%	$500	-	365 Days IRA CD
0.75%	$500	-	182 Days IRA CD

Locations

Essex Bank has 19 locations. Click to view all Essex Bank locations.