Sonabank

Overview / Commentary

www.sonabank.com

804-443-6353

307 Church Lane
Tappahannock, VA 22560

Sonabank is headquartered in Tappahannock and is the 11^th largest bank in the state of Virginia. It is also the 339^th largest bank in the nation. It was established in 2005 and as of March of 2019, it had grown to 344 employees at 48 locations. Sonabank has an A+ health rating.

Kasasa Checking Amt Increase From 10K To 25K - 8/22/2018

The kasasa checking for this bank is still at 2.25% with usual requirements, but them amount has been increased to a total of 25k https://www.sonabank.com/personal/personal-checking/free-kasasa-cash.html

View all posts from:

2018
2008
2007

8/22 - Kasasa Checking Amt Increase From 10K To 25K

12/30 - 3.75% 7-Month CD & 3.85% 13-Month CD at Greater Atlantic Bank in MD & VA

6/2 - 5.64% 6-Month CD at a Virginia Bank (Sonabank)

Reviews (2)

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Sonabank Hack!!!!!

Posted by: Rajin | Mar 9, 2018

looks like sonabank got hacked!!!! now there's a lawsuit? check this out

fairpay4all.com/sonabank-data-breach

Comment

Sonabank Problems

Posted by: CRollins | Jul 12, 2016

This bank is probably ripe for an audit from state and federal regulators, the FBI and the IRS. The problems I have had with them are serious and their arrogance is alarming. I am of the opinion that they do not play by the rules and I hope that some agency notices - sooner rather than later.

Comment

Health

A+

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57968
Year Established	2005
Employees	344
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.02%
Return on Equity - YTD	6.88%
Annual Interest Income	$30.3MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$2.71B$2.65B
Loans	Q1 2019vs Q1 2018	$2.15B$2.10B
Deposits	Q1 2019vs Q1 2018	$2.11B$1.90B
Equity Capital	Q1 2019vs Q1 2018	$401.7MM$374.5MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$11.9MM$10.8MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$1.9MM$12.2MM
Real Estate Owned	Q1 2019vs Q1 2018	$5.0MM$7.3MM

Rates

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Savings
Money Market
Checking

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Always verify rates and promotions with the bank or credit union. We are not Sonabank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Sonabank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$50k	Kasasa Saver
OTHER TIERS: 0.25% → $50k+
0.10%	-	-	Statement Savings
0.10%	-	-	Business Statement Savings

Sonabank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.15% → Up to $25k \| 0.25% → $25k - $100k \| 0.35% → $100k - $250k

Sonabank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%^*	-	$25k	Kasasa Cash
OTHER TIERS: 0.25% → $25k+
0.50%^*	$75k^*	-	Community Believers Non-Profit Checking
OTHER TIERS: 0.20% → Up to $10k \| 0.40% → $10k - $75k
0.40%^*	$100k^*	-	Premier Club Senior Checking
OTHER TIERS: 0.25% → Up to $25k \| 0.35% → $25k - $100k

Locations

Availability

Richmond Area

Richmond Area bank & credit union details

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