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.
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.
Overall | |
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FDIC Certificate # | 2270 |
Year Established | 1873 |
Employees | 10064 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.92% |
Return on Equity - YTD | 16.22% |
Annual Interest Income | $923.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $88.57B$91.13B |
Loans | Q1 2023vs Q1 2022 | $55.72B$50.81B |
Deposits | Q1 2023vs Q1 2022 | $69.21B$82.35B |
Equity Capital | Q1 2023vs Q1 2022 | $5.18B$6.29B |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $618.3MM$478.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $157.2MM$238.3MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $1.7MM$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Savings Account | |
0.01% | - | - | Youth Savings | |
0.01% | - | - | Business Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.03%* | $100k* | - | Business Interest Checking | ||
OTHER TIERS: 0.01% → Up to $100k |