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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 47th largest bank in the state of Virginia. It is also the 2,161st largest bank in the nation. It was established in 2007 and as of June of 2021, it had grown to 54 employees at 6 locations. Select Bank (VA) has an A health rating.

Related Posts

Select Bank Kasasa Cash And Kasasa Saver Offer Competitive Earnings - 1/11/2021

Select Bank (VA) offers very competitive rates for large balances on its Kasasa Cash checking account and the companion Kasasa Saver savings account.

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Health
A

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees54
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD8.1%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$368.9MM$322.2MM
LoansQ2 2021vs Q2 2020$308.0MM$288.3MM
DepositsQ2 2021vs Q2 2020$324.0MM$245.6MM
Equity CapitalQ2 2021vs Q2 2020$27.9MM$25.0MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.9MM$1.3MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.2MM$1.6MM
Real Estate OwnedQ2 2021vs Q2 2020$35.00K$35.00K
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
0.48%--Kasasa Saver

Select Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.03%*-$50kKasasa Cash Checking
OTHER TIERS: 0.25% → $50k+
Locations


Select Bank (VA) Locations
Select Bank211 Gristmill DriveForest, 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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