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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 44th largest bank in the state of Virginia. It is also the 2,029th largest bank in the nation. It was established in 2007 and as of June of 2022, it had grown to 58 employees at 6 locations. Select Bank (VA) has a B+ health rating.

Related Posts

Select Bank (VA) Offers Competitive Kasasa Cash Checking And Kasasa Saver - 5/29/2022

Kasasa Cash Checking 2.01%APY on balances up to $50,000 Kasasa Saver 1.05% APY on balances up to $250,000 https://www.myselectbank.com/personal/personal-checking/free-kasasa-cash-checking.html

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Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees58
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD10.9%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$406.3MM$368.9MM
LoansQ2 2022vs Q2 2021$321.1MM$308.0MM
DepositsQ2 2022vs Q2 2021$377.4MM$324.0MM
Equity CapitalQ2 2022vs Q2 2021$28.1MM$27.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.1MM$1.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$1.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$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
1.05%*-$250kKasasa Saver
OTHER TIERS: 0.48% → $250k+

Select Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$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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