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800-990-4828
1051 E. Cary St., Suite 1200
Richmond, VA 23219

Union Bank & Trust is headquartered in Richmond and is the 6th largest bank in the state of Virginia. It is also the 146th largest bank in the nation. It was established in 1997 and as of June of 2016, it had grown to 1,423 employees at 121 locations. Union Bank & Trust has an A+ health rating.

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Reviews (3)

Very good bank! Happy with experience!

Posted by: SalindaMay | Jun 9, 2015

I use Union Bank regularly after a recent merger. They took over for my previous bank, Stellar One. At first, I was disappointed that I would be losing my previous bank. I had been a long time customer of my previous bank and I did not want to switch, but Union Bank made the switch so easy. Customer service was a bit slow at first with the high call volume but now I am very happy with the service. I use them primarily for a checking account. I really like their online services. It is easy to monitor deposits and withdrawals as well as all spending and categories of spending. I do miss having my old Virginia Tech alumni checking account that Stellar One offered, which is why I marked a 4 on competitive products, but otherwise I am happy with the checking account options. I really enjoy their bill pay features. It is easy to pay bills online with Union. Much easier than it ever was with my previous bank. I would recommend this bank to others. For a small local branch it is top notch.

Phenomenal Service but High Fees

The service at Union Bank is unbelievable. Whether on the phone or in person, they really go out of their way to make sure you are happy. They handle issues and problems quickly and effectively. When my account was used fraudulently while I was overseas they went out of their way to assure me they would take care of the problem and they handled it well. They also communicate very well. My only problem I have with them are the fees. I pay quite a lot just for a standard checking account. Also, overdrafts are incredibly expensive as well, but you can avoid that issue just by keeping abreast of the account. Their online services through their website are very good, and they even have a feature where you can access other bank account balances through their website. I find that convenient.

ONLINE BANKING UNSATISFACTORY

Posted by: NOMASUFMB | Sep 20, 2013

THEIR SECURITY PROCEDURES ARE DRACONIAN AND RIDICULOUS. APPLICATION FOR ONLINE BANKING IS LENGTHY, COMPLEX AND INTRUSIVE. THE LATEST REQUIREMENT WAS TO REGISTER YOUR COMPUTER TO AVOID HAVING TO VERIFY IDENTITY BY TELEPHONE EACH TIME YOU SIGN ON EVEN AFTER YOU HAVE ENTERED PASSWORD. I STRONGLY DISLIKE HAVING TO REGISTER MY COMPUTER WITH ANYONE. I HAVE BEEN A CUSTOMER FOR OVER 12 YEARS, BUT THE SEARCH FOR A NEW BANK STARTS TOMORROW.



Health
A+

Health Grade Components

Overall
FDIC Certificate #34589
Year Established1997
Employees1423
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD7.4%
Annual Interest Income$143.8MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$8.09B$7.48B
LoansQ2 2016vs Q2 2015$5.95B$5.52B
DepositsQ2 2016vs Q2 2015$6.10B$5.79B
Equity CapitalQ2 2016vs Q2 2015$1.07B$1.06B
Loan Loss AllowanceQ2 2016vs Q2 2015$35.1MM$32.3MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$18.1MM$27.6MM
Real Estate OwnedQ2 2016vs Q2 2015$13.4MM$22.2MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Union Bank & Trust Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$10k*-CollegeWealth 529
OTHER TIERS: 0.50% Up to $10k
0.30%*$25k*-Health Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k

Union Bank & Trust Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$500k*-Money Market
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $500k
0.30%*$500k*-Business Money Market
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $500k

Union Bank & Trust CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$5k-52 Month CD Special
1.25%$5k-30 Month CD Special
1.15%$5k-19 Month CD Special
0.90%$1k$100k5 Year Preferred CD
0.70%$1k$100k4 Year Preferred CD
0.65%$1k$100k5 Year CD
0.60%$1k$100k3 Year Preferred CD
0.45%$1k$100k4 Year CD
0.40%$1k$100k2 Year Preferred CD
0.35%$1k$100k3 Year CD
0.30%$100k-1 Year Jumbo CD
0.25%$1k$100k1 Year Preferred CD
0.15%$1k$100k2 Year CD
0.15%$100k-180 Day Jumbo CD
0.10%$1k$100k6 Month CD
0.10%$1k$100k1 Year CD
0.10%$1k$100k18 Month CD
0.10%$100k-60 Day Jumbo CD
0.10%$100k-90 Day Jumbo CD
0.05%$1k$100k3 Month CD
0.05%$100k-30 Day Jumbo CD

Union Bank & Trust IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k$100k5 Year Preferred IRA
0.70%$1k$100k4 Year Preferred IRA
0.65%$1k$100k5 Year IRA
0.60%$1k$100k3 Year Preferred IRA
0.45%$1k$100k4 Year IRA
0.40%$1k$100k2 Year Preferred IRA
0.35%$1k$100k3 Year IRA
0.25%$1k$100k1 Year Preferred IRA
0.15%$1k$100k2 Year IRA
0.10%$1k$100k6 Month IRA
0.10%$1k$100k1 Year IRA
0.10%$1k$100k18 Month IRA
0.05%$1k$100k3 Month IRA
Locations

Union Bank & Trust has 118 locations. Click to view all Union Bank & Trust locations.