Sonabank


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

Sonabank is headquartered in Tappahannock and is the 11th largest bank in the state of Virginia. It is also the 337th largest bank in the nation. It was established in 2005 and as of June of 2019, it had grown to 342 employees at 48 locations. Sonabank has an A+ health rating.

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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
Employees342
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD8.46%
Annual Interest Income$60.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.73B$2.73B
LoansQ2 2019vs Q2 2018$2.16B$2.14B
DepositsQ2 2019vs Q2 2018$2.16B$1.99B
Equity CapitalQ2 2019vs Q2 2018$408.0MM$381.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$11.6MM$11.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.2MM$1.3MM
Real Estate OwnedQ2 2019vs Q2 2018$5.0MM$5.6MM
Rates
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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

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*-Sona Gold Checking
OTHER TIERS: 0.25% Up to $25k | 0.35% $25k - $100k
Locations

Availability



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