Overview / Commentary
804-443-6353
307 Church Lane
Tappahannock, VA 22560

Sonabank is headquartered in Tappahannock and is the 12th largest bank in the state of Virginia. It is also the 347th largest bank in the nation. It was established in 2005 and as of December of 2018, it had grown to 348 employees at 48 locations. Sonabank has an A+ health rating.

Related Posts

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

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Reviews (2)

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

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #57968
Year Established2005
Employees348
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD9.69%
Annual Interest Income$118.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$2.71B$2.62B
LoansQ4 2018vs Q4 2017$2.17B$2.05B
DepositsQ4 2018vs Q4 2017$2.11B$1.87B
Equity CapitalQ4 2018vs Q4 2017$396.8MM$369.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$12.3MM$9.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.5MM$12.3MM
Real Estate OwnedQ4 2018vs Q4 2017$5.1MM$7.6MM
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*-Premier Club Senior Checking
OTHER TIERS: 0.25% Up to $25k | 0.35% $25k - $100k
Locations

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