Select Bank is a bank based in Forest, Virginia, established in 2007, with $500 million in total assets across 6 branches. By Trust Grade it ranks 44th of 56 banks we track in Virginia. Its capital ratio of 8.3% trails most similarly sized banks (19th percentile), versus a Virginia median of 10.8%. It was profitable over the most recent period, with a 1.19% return on assets. No consumer complaints against Select Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Select Bank compares to Virginia peers
How we graded Select Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.3% capital ratio)
- Strongly profitable (ROA 1.19%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Select Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 1387 American Way, Bedford, VA 24523
- 211 Gristmill Dr, Forest, VA 24551
- 7113 Timberlake Rd, Lynchburg, VA 24502
- 4925 Boonsboro Rd, Lynchburg, VA 24503
- 3158 S Church Street, Burlington, NC 27215
- 1111 Greenville Ave, Staunton, VA 24401
Are deposits at Select Bank insured?
Yes. Select Bank is an FDIC-insured bank (FDIC certificate #58563). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Select Bank: frequently asked questions
Is Select Bank a good bank?
Select Bank earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.3% capital ratio); Strongly profitable (ROA 1.19%).
Is Select Bank FDIC-insured?
Yes. Select Bank is a FDIC-insured bank (FDIC certificate #58563). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Select Bank?
Select Bank holds $500 million in total assets, ranking 44th of 56 banks we track in Virginia. It operates 6 branches.
Does Select Bank have CFPB complaints?
No CFPB complaints against Select Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
