Sonabank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.25%	Reward Checking	Kasasa Cash 1.96% - National Average
1.00%	Reward Savings	Kasasa Saver 0.89% - National Average
0.10%	Savings	Statement Savings 1.75% - American Express National Bank High Yield Savings Account

View all Sonabank rates »

Overview / Commentary

www.sonabank.com

804-443-6353

307 Church Lane
Tappahannock, VA 22560

Sonabank is headquartered in Tappahannock and is the 12^th largest bank in the state of Virginia. It is also the 346^th largest bank in the nation. It was established in 2005 and as of March of 2018, it had grown to 390 employees at 50 locations. Sonabank 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 Q1 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57968
Year Established	2005
Employees	390
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.37%
Return on Equity - YTD	9.68%
Annual Interest Income	$28.0MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$2.65B$1.18B
Loans	Q1 2018vs Q1 2017	$2.10B$965.5MM
Deposits	Q1 2018vs Q1 2017	$1.90B$902.8MM
Equity Capital	Q1 2018vs Q1 2017	$374.5MM$148.7MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$10.8MM$8.7MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$12.2MM$1.6MM
Real Estate Owned	Q1 2018vs Q1 2017	$7.3MM$8.3MM

Rates

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Money Market
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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%^*	-	$25k	Kasasa Saver
OTHER TIERS: 0.25% → $25k+
0.40%^*	$5k^*	-	Health Savings Account - Individual
OTHER TIERS: 0.15% → Up to $2,500 \| 0.25% → $2,500 - $5k
0.40%^*	$5k^*	-	Health Savings Account - Family
OTHER TIERS: 0.15% → Up to $2,500 \| 0.25% → $2,500 - $5k
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%^*	-	$15k	Kasasa Cash
OTHER TIERS: 0.25% → $15k+
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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