SONABANK

Overview | Locations (22) | Receive alerts for this bank

REVIEWS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.51%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.80%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.25%	Savings	Sona Savings 1.15% - CIT Bank Spring Savings

View all SONABANK rates »

Overview / Commentary

www.sonabank.com

703-893-7400

6830 Old Dominion Drive
Mclean, VA 22101

SONABANK is headquartered in Mclean and is the 23^rd largest bank in the state of Virginia. It is also the 634^th largest bank in the nation. It was established in 2005 and as of March of 2017, it had grown to 162 employees at 22 locations. SONABANK has an A health rating.

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

1

Health

A

Data as of Q1 2017

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Health Grade Components

Overall
FDIC Certificate #	57968
Year Established	2005
Employees	162
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.79%
Return on Equity - YTD	6.73%
Annual Interest Income	$12.5MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$1.18B$1.08B
Loans	Q1 2017vs Q1 2016	$965.5MM$861.9MM
Deposits	Q1 2017vs Q1 2016	$902.8MM$859.2MM
Equity Capital	Q1 2017vs Q1 2016	$148.7MM$119.9MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$8.7MM$8.7MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.6MM$632.00K
Real Estate Owned	Q1 2017vs Q1 2016	$8.3MM$9.8MM

Rates

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SONABANK Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	-	-	Sona Savings
0.25%	-	-	Sona SEP IRA Savings
0.25%	$1k	-	Sona Savings IRA

SONABANK Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%	$50k	-	Personal Sonabank Premium Tiered Money Market
0.35%	$50k	-	Business Sonabank Premium Tiered Money Market
0.25%^*	$10k^*	-	Tiered Money Market
OTHER TIERS: 0.15% → $1k - $10k
0.25%^*	$10k^*	-	Corporate Tiered Money Market
OTHER TIERS: 0.15% → $1k - $10k

SONABANK Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$500	-	SonaPlus Checking
0.10%	$100	-	Silver Checking

SONABANK CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	$500	-	60 Month CD
1.31%	$500	-	36 Month CD
1.11%	$500	-	18 Month CD
1.11%	$500	-	24 Month CD
0.80%	$500	-	12 Month CD
0.75%	$500	-	6 Month CD
0.10%	$500	-	3 Month CD

Locations

SONABANK has 22 locations. Click to view all SONABANK locations.