Small Business Account Experience
My experience with Vectra Bank was adequate. I ran a very small business. One complaint that I would have is that my business was small enough that I did not maintain enough cash in the account to avoid paying the monthly service. Just having the account proved to be quite costly for my very small business.. Customer service overall was good. I never had to wait long to have my needs taken care of when I would visit one of the branches but the branches were not very numerous and not very close to my house so visiting the bank was inconvenient. Overall the account did what I needed to do and I never experienced any large problems.
Vectra Is A Headache
It's frustrating deaingl with this bank. Their policies are inconsistent and customer service is poor. We have accounts at other banks and yet vectra seems to be the one bank that always puts obstructions in the way. Closing our business account and never looking back. Mobile banking here is always a hassle as well.
Data as of Q1 2021
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2270 |
| Year Established | 1873 |
| Employees | 9682 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.54% |
| Return on Equity - YTD | 16.27% |
| Annual Interest Income | $563.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $85.12B$71.47B |
| Loans | Q1 2021vs Q1 2020 | $52.90B$49.34B |
| Deposits | Q1 2021vs Q1 2020 | $73.85B$57.52B |
| Equity Capital | Q1 2021vs Q1 2020 | $7.93B$7.47B |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $646.0MM$730.4MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $311.5MM$256.9MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $3.5MM$6.0MM |
