Sonabank

Overview / Commentary

www.sonabank.com

804-443-6353

307 Church Lane
Tappahannock, VA 22560

Sonabank is headquartered in Tappahannock and is the 11^th largest bank in the state of Virginia. It is also the 337^th 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.

View all posts from:

2018
2008
2007

8/22 - Kasasa Checking Amt Increase From 10K To 25K

12/30 - 3.75% 7-Month CD & 3.85% 13-Month CD at Greater Atlantic Bank in MD & VA

6/2 - 5.64% 6-Month CD at a Virginia Bank (Sonabank)

Reviews (2)

Write a Review

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

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

Health

A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57968
Year Established	2005
Employees	342
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.25%
Return on Equity - YTD	8.46%
Annual Interest Income	$60.7MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$2.73B$2.73B
Loans	Q2 2019vs Q2 2018	$2.16B$2.14B
Deposits	Q2 2019vs Q2 2018	$2.16B$1.99B
Equity Capital	Q2 2019vs Q2 2018	$408.0MM$381.6MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$11.6MM$11.0MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$1.2MM$1.3MM
Real Estate Owned	Q2 2019vs Q2 2018	$5.0MM$5.6MM

Rates

Skip to rates for:

Savings
Money Market
Checking

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$50k	Kasasa Saver
OTHER TIERS: 0.25% → $50k+
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%^*	-	$25k	Kasasa 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

Richmond Area

Richmond Area bank & credit union details

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.