RANKING ·
Lowest cost of deposits in Virginia
52 of 57 banks in Virginia that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Cost of all deposits, annualized for the quarter | Total assets |
|---|---|---|---|---|
| 1 | Chain Bridge Bank N.A. | Mclean, VA | 0.14% | $2.2 billion |
| 2 | The Bank of Southside Virginia | Carson, VA | 0.14% | $670 million |
| 3 | First Community Bank | Bluefield, VA | 0.63% | $3.6 billion |
| 4 | Integrity Bank for Business | Virginia Beach, VA | 0.89% | $112 million |
| 5 | The Bank of Charlotte County | Phenix, VA | 0.91% | $223 million |
| 6 | Citizens Bank and Trust Company | Blackstone, VA | 0.95% | $578 million |
| 7 | First National Bank | Altavista, VA | 1.06% | $1.1 billion |
| 8 | Farmers and Miners Bank | Pennington Gap, VA | 1.06% | $193 million |
| 9 | Skyline National Bank | Independence, VA | 1.08% | $1.3 billion |
| 10 | The Bank of Marion | Marion, VA | 1.09% | $634 million |
| 11 | Trupoint Bank | Grundy, VA | 1.16% | $691 million |
| 12 | First Bank | Strasburg, VA | 1.17% | $2.1 billion |
| 13 | Benchmark Community Bank | Kenbridge, VA | 1.22% | $1.4 billion |
| 14 | Bank of the James | Lynchburg, VA | 1.22% | $1.0 billion |
| 15 | Pioneer Bank | Stanley, VA | 1.40% | $372 million |
| 16 | Highlands Community Bank | Covington, VA | 1.43% | $189 million |
| 17 | Cornerstone Bank | Lexington, VA | 1.47% | $233 million |
| 18 | The Farmers Bank of Appomattox | Appomattox, VA | 1.48% | $375 million |
| 19 | Townebank | Portsmouth, VA | 1.53% | $22.6 billion |
| 20 | Virginia National Bank | Charlottesville, VA | 1.55% | $1.6 billion |
| 21 | The National Bank of Blacksburg | Blacksburg, VA | 1.55% | $1.8 billion |
| 22 | New Horizon Bank N.A. | Powhatan, VA | 1.60% | $359 million |
| 23 | Citizens and Farmers Bank | West Point, VA | 1.64% | $2.8 billion |
| 24 | New Peoples Bank Inc. | Honaker, VA | 1.72% | $942 million |
| 25 | Chesapeake Bank | Kilmarnock, VA | 1.74% | $1.7 billion |
| 26 | Farmers & Merchants Bank | Timberville, VA | 1.75% | $1.4 billion |
| 27 | Bank of Clarke | Berryville, VA | 1.77% | $1.8 billion |
| 28 | Burke and Herbert Bank and Trust Company | Alexandria, VA | 1.83% | $11.0 billion |
| 29 | Powell Valley National Bank | Jonesville, VA | 1.84% | $516 million |
| 30 | United Bank | Fairfax, VA | 1.85% | $33.6 billion |
| 31 | Movement Bank | Danville, VA | 1.88% | $165 million |
| 32 | Atlantic Union Bank | Richmond City, VA | 1.93% | $38.0 billion |
| 33 | Bank of Botetourt | Buchanan, VA | 1.93% | $939 million |
| 34 | Community Bankers' Bank | Midlothian, VA | 1.95% | $139 million |
| 35 | First Sentinel Bank | Richlands, VA | 2.00% | $398 million |
| 36 | Carter Bank & Trust | Martinsville, VA | 2.04% | $4.8 billion |
| 37 | Blue Ridge Bank N.A. | Martinsville, VA | 2.20% | $2.3 billion |
| 38 | Fvcbank | Fairfax, VA | 2.22% | $2.4 billion |
| 39 | Primis Bank | Tappahannock, VA | 2.26% | $4.3 billion |
| 40 | The First Bank and Trust Company | Lebanon, VA | 2.27% | $4.3 billion |
| 41 | Legacy Bank | Grundy, VA | 2.31% | $360 million |
| 42 | John Marshall Bank | Reston, VA | 2.32% | $2.4 billion |
| 43 | Lee Bank & Trust Company | Pennington Gap, VA | 2.40% | $257 million |
| 44 | Old Dominion National Bank | Charlottesville, VA | 2.48% | $1.8 billion |
| 45 | HSBC Bank USA N.A. | Tysons, VA | 2.49% | $173 billion |
| 46 | Select Bank | Forest, VA | 2.67% | $524 million |
| 47 | Mainstreet Bank | Fairfax, VA | 2.69% | $2.2 billion |
| 48 | Oak View National Bank | Warrenton, VA | 2.69% | $966 million |
| 49 | The Freedom Bank of Virginia | Fairfax, VA | 2.75% | $1.0 billion |
| 50 | Capital One N.A. | Mclean, VA | 2.80% | $662 billion |
| 51 | Trustar Bank | Great Falls, VA | 2.92% | $1.1 billion |
| 52 | Locus Bank Inc. | Richmond, VA | 3.14% | $359 million |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings