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Sonabank


Overview / Commentary
www.sonabank.com
804-443-6353
307 Church Lane
Tappahannock, VA 22560

Sonabank is headquartered in Tappahannock and is the 11th largest bank in the state of Virginia. It is also the 338th largest bank in the nation. It was established in 2005 and as of September of 2019, it had grown to 338 employees at 48 locations. Sonabank has an A+ health rating.

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Reviews (2)

Sonabank Hack!!!!!

Posted by: |

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

fairpay4all.com/sonabank-data-breach

2

Sonabank Problems

Posted by: |

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.

11


Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57968
Year Established2005
Employees338
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD8.78%
Annual Interest Income$91.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.70B$2.71B
LoansQ3 2019vs Q3 2018$2.13B$2.15B
DepositsQ3 2019vs Q3 2018$2.19B$2.03B
Equity CapitalQ3 2019vs Q3 2018$416.0MM$388.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$11.2MM$11.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$333.00K$757.00K
Real Estate OwnedQ3 2019vs Q3 2018$5.8MM$5.6MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.25% → $50k+
0.10%--Statement Savings
0.10%--Business Statement Savings

Sonabank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$25kKasasa 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*-Sona Gold Checking
OTHER TIERS: 0.25% → Up to $25k | 0.35% → $25k - $100k
Locations

Availability



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