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Select Bank (VA)


Overview / Commentary
myselectbank.com
434-455-1700
211 Gristmill Drive
Forest, VA 24551

Select Bank (VA) is headquartered in FOREST and is the 41st largest bank in the state of Virginia. It is also the 1,870th largest bank in the nation. It was established in 2007 and as of June of 2024, it had grown to 55 employees at 6 locations. Select Bank (VA) has an A health rating.

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Health
A

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees55
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD8.03%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$465MM$454.8MM
LoansQ2 2024vs Q2 2023$389.8MM$381.2MM
DepositsQ2 2024vs Q2 2023$429.1MM$421MM
Equity CapitalQ2 2024vs Q2 2023$34.4MM$31.8MM
Loan Loss AllowanceQ2 2024vs Q2 2023$3.3MM$3MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$1.6MM$551K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Select Bank (VA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$0$250kKasasa Saver
OTHER TIERS: 0.48% → $250k+

Select Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$0$50kKasasa Cash Checking
OTHER TIERS: 0.25% → $50k+
Locations


Select Bank (VA) Locations
Select Bank211 Gristmill DrForest, VA 24551
Timberlake Office Branch7113 Timberlake RoadLynchburg, VA 24502
Bedford Office Branch1387 American Way CourtBedford, VA 24523
Boonsboro Office Branch4925 Boonsboro RdLynchburg, VA 24503
Staunton Office Branch1111 Greenville AveStaunton, VA 24401
Huffman Mill Road Burlington Branch166 Huffman Mill RoadBurlington, NC 27215

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