Locus Bank, Inc. is a bank based in Richmond, Virginia, established in 2008, with $345 million in total assets across 2 branches. By Trust Grade it ranks 16th of 56 banks we track in Virginia. Its capital ratio of 21.2% is stronger than 97% of similarly sized banks, versus a Virginia median of 10.8%. It was profitable over the most recent period, with a 1.25% return on assets. No consumer complaints against Locus Bank, Inc. appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Locus Bank, Inc. compares to Virginia peers
How we graded Locus Bank, Inc.
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (21.2% capital ratio)
- Strongly profitable (ROA 1.25%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Locus Bank, Inc. over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 7814 Carousel Ln, Richmond, VA 23294
- 110 Peppers Fry Rd Nw, Christiansburg, VA 24073
Are deposits at Locus Bank, Inc. insured?
Yes. Locus Bank, Inc. is an FDIC-insured bank (FDIC certificate #58658). 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.
Locus Bank, Inc.: frequently asked questions
Is Locus Bank, Inc. a good bank?
Locus Bank, Inc. earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (21.2% capital ratio); Strongly profitable (ROA 1.25%).
Is Locus Bank, Inc. FDIC-insured?
Yes. Locus Bank, Inc. is a FDIC-insured bank (FDIC certificate #58658). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Locus Bank, Inc.?
Locus Bank, Inc. holds $345 million in total assets, ranking 16th of 56 banks we track in Virginia. It operates 2 branches.
Does Locus Bank, Inc. have CFPB complaints?
No CFPB complaints against Locus Bank, Inc. appear in our data over the analysis window, which is typical for a bank of this size.
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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.
