Select Bank (VA)


Overview / Commentary
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 2,088th largest bank in the nation. It was established in 2007 and as of March of 2021, it had grown to 50 employees at 5 locations. Select Bank (VA) has a B+ health rating.

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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
B+

Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees50
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD7.83%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$379.8MM$261.4MM
LoansQ1 2021vs Q1 2020$296.8MM$229.1MM
DepositsQ1 2021vs Q1 2020$301.0MM$215.7MM
Equity CapitalQ1 2021vs Q1 2020$27.6MM$24.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$1.8MM$1.2MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$1.3MM$1.1MM
Real Estate OwnedQ1 2021vs Q1 2020$274.00K$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
1.05%*-$250kKasasa Saver
OTHER TIERS: 0.25% $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 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

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