Sonabank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.25%	Reward Checking	2.06% - National Average
1.00%	Reward Savings	0.92% - National Average
2.32%	1-year CD	2.65% - Barclays 12 Month Online CD

View all Sonabank rates »

Overview / Commentary

www.sonabank.com

804-443-6353

307 Church Lane
Tappahannock, VA 22560

Sonabank is headquartered in Glen Allen and is the 12^th largest bank in the state of Virginia. It is also the 343^rd largest bank in the nation. It was established in 2005 and as of September of 2018, it had grown to 368 employees at 47 locations. Sonabank's money market rates are 6X the national average, and it has an A health rating.

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

2

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

8

Health

A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57968
Year Established	2005
Employees	368
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.42%
Return on Equity - YTD	10.03%
Annual Interest Income	$87.6MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$2.71B$2.60B
Loans	Q3 2018vs Q3 2017	$2.15B$2.03B
Deposits	Q3 2018vs Q3 2017	$2.03B$1.91B
Equity Capital	Q3 2018vs Q3 2017	$388.6MM$371.5MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$11.5MM$9.3MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$757.00K$11.3MM
Real Estate Owned	Q3 2018vs Q3 2017	$0$8.1MM

Rates

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Money Market
Checking
CD

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* 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
2.42%	$250k	-	Adjustable Money Market Special - New Money
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

Sonabank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.42%	$5k	$5m	19 Month CD Special - New Money (In Branch Only)
2.32%	$5k	$5m	13 Month CD Special - New Money (In Branch Only)

Locations

Availability

Richmond Area

Richmond Area bank & credit union details

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