Wayne County Bank is headquartered in WAYNESBORO and is the 54th largest bank in the state of Tennessee. It is also the 1,744th largest bank in the nation. It was established in 1914 and as of September of 2024, it had grown to 88 employees at 8 locations. Wayne County Bank has an A+ health rating.
Unprofessional Bank.
This so called bank operates like a Mom n pops store. It takes their accounting/ Bookeeping anywhere from 3 to 6 days to update transacions, by then your accounting statements look constantly in negative balances and gets difficult to track where anything went wrong. Imagine trying to catch wrong doings to your hard earned money, imagine asking for accountability. It offends them. Literally we do what we feel like to operate mentality. Customer service low standards. Accounting extremely low standards. Do not try to question otherwise they think they're offended and it'll be customer's fault. This has been the most unprofessional bank we've ever dealt with. This is what happens when locals hire only locals, each other's children, relatives doing each other favors (close community/family related business). Time to find another bank, report them to FDIC and think about getting a Civil file ready with Proof. Never ever had this type of regret with another bank.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9168 |
| Year Established | 1914 |
| Employees | 88 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.58% |
| Return on Equity - YTD | 12.68% |
| Annual Interest Income | $24.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $523.4MM$455.7MM |
| Loans | Q3 2024vs Q3 2023 | $359.7MM$318MM |
| Deposits | Q3 2024vs Q3 2023 | $448MM$395.1MM |
| Equity Capital | Q3 2024vs Q3 2023 | $64.8MM$56MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $4.4MM$4.4MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $3MM$3.9MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |