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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 12th largest bank in the state of Virginia. It is also the 335th largest bank in the nation. It was established in 2005 and as of December of 2019, it had grown to 350 employees at 48 locations. Sonabank has an A+ health rating.

Related Posts

Kasasa Rate Drop On Checking To 1.75% - 4/8/2020

it used to be 2.25% upto 25k, but no notice and drop to 1.75% sigh https://www.sonabank.com/personal/personal-checking/free-checking-kasasa-cash.html

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Reviews (1)

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 Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57968
Year Established2005
Employees350
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD8.91%
Annual Interest Income$120.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$2.72B$2.71B
LoansQ4 2019vs Q4 2018$2.18B$2.17B
DepositsQ4 2019vs Q4 2018$2.13B$2.11B
Equity CapitalQ4 2019vs Q4 2018$423.3MM$396.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$10.3MM$12.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$4.6MM$2.5MM
Real Estate OwnedQ4 2019vs Q4 2018$6.2MM$5.1MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Kasasa Rate Drop On Checking To 1.75%

  |  
it used to be 2.25% upto 25k, but no notice and drop to 1.75%

sigh

https://www.sonabank.com/personal/personal-checking/free-checking-kasasa-cash.html
1

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
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

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.