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Select Bank (VA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
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Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
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Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
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Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
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Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
myselectbank.com
434-455-1700
211 Gristmill Drive
Forest, VA 24551

Select Bank (VA) is headquartered in FOREST and is the 40th largest bank in the state of Virginia. It is also the 1,866th largest bank in the nation. It was established in 2007 and as of September of 2024, it had grown to 51 employees at 6 locations. Select Bank (VA) has a B+ health rating.

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Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees51
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD8.3%
Annual Interest Income$19MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$472.2MM$455.1MM
LoansQ3 2024vs Q3 2023$397.9MM$382.6MM
DepositsQ3 2024vs Q3 2023$434.7MM$422.1MM
Equity CapitalQ3 2024vs Q3 2023$35.6MM$31.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$3.3MM$3MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$1.9MM$2.1MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates

Rates for Select Bank (VA) are currently being reviewed.

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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