Banking Rates & News

Norfolk Metro Area

Including Virginia Beach, Norfolk, Chesapeake, Newport News, Williamsburg, Suffolk, Hampton, Portsmouth, Elizabeth City, Yorktown, and 48 other towns.

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Banking in the Norfolk Area

Norfolk is in southeast Virginia, located at the mouth of Chesapeake Bay. It is the second-largest city in the state, with about 250,000 people, and is part of the wider Hampton Roads metropolitan area, which, with about 1.7 million people, also is second largest in Virginia. Other top cities in the region include Virginia Beach, Chesapeake, Williamsburg, Newport News, Hampton, Portsmouth, Suffolk, Elizabeth City, and Yorktown.

Norfolk does not have many banks locally headquartered for a city its size, but largely thanks to its role as a major Naval port and shipbuilding center, it has a lot of credit unions. There are only 10 banks with headquarters in the area, but there are 46 credit unions. Notable institutions headquartered in the region include TowneBank, Langley Federal Credit Union, Southwest Community CU, Bank of Hampton Roads and Bayport Credit Union. The oldest institution with headquarters in the area that still operates today is Farmers Bank (VA), which was established in 1919.

There are many other banks and credit unions with a presence in the Norfolk area. Altogether, there are approximately 680 total branches from more than 40 banks and 55 credit unions.

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Local Deals & News

$25 Bonus For New Members At Navy Federal Credit Union
Saw this ad on Google. It’s not much, but if you had been planning to join Navy Fed, this makes it a little more worthwhile. According to the Navy Fed
EWP Increased On New Cds At NASA Federal Credit Union
NASA Federal Credit Union’s 49-month CD special now has an early withdrawal penalty (EWP) of 365 days of interest. It had been 180 days. Here’s the EWP change that was
Military Veterans and Family Members Now Eligible To Join Navy Fed
This week Navy Federal Credit Union made a nice change to their field of membership. Veterans of the Armed Forces who were honorably discharged are now eligible to join the
Membership Change - Open To Veterans
Navy Federal has apparently changed its membership rules to allow veterans (and family?). At least I think this is a change to allow veterans, where previously membership was limited to
Wells Fargo Offers Easy $250 Checking Bonus
UPDATE 3/18/2017: Offer extended through April 1, 2017. The fine print on the promotion page now reads, "This is an exclusive, nontransferable offer. This is only available to Wells Fargo
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