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Virginia Bank Facts, Financials, News and Rates

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  • About Virginia:
    The state of Virginia contains the headquarters of 119 banks. The number of bank branches located in VA is 2,633.
  • The banks in Virginia collectively have $461 Billion in assets, making it the 8th largest banking state.
  • Of the banks in Virginia, the biggest is HSBC. HSBC has $180 Billion in assets - fully 38.54 % of the banking assets in VA. By contrast, Trust Of Virginia is the smallest bank in Virginia. Trust Of Virginia has an asset size of $5 Million.
  • There are 51,333 people employed full-time at the 119 banks headquartered in Virginia.
  • When banks compete to give you great rates on CDs and High-Yield Savings accounts, you can get better than usual rates. The average APY in Virginia for a 12 month bank CD is 0.54 %, while the overnight auction rate at MoneyAisle for a 12 month certificate of deposit was 1.51 %! Compare the live auction rates on MoneyAisle to the average rate offered in Virginia now! Run a free live MoneyAisle auction!

Virginia Banks - Fast Facts

  • Banks HQ in VA: 119
  • Number of VA Branches: 2,633
  • Average Branch Deposit Size: $73 Million
  • VA HQ Banks Employ : 51,333 full-time employees
  • VA HQ Banks Assets: $461 Billion
  • Biggest Bank HQ in VA (Assets): HSBC
  • Smallest Bank HQ in VA (Assets): Trust Of Virginia
  • % of US Bank Assets: 3.39 %

Data from FDIC as of 3/31/2009

Banks Headquartered in Virginia

(Largest Banks by Asset Size)

Banks with Branches in Virginia

(Largest Banks by Asset Size)

Check Current CD and Savings Rates

Recent National Live Auction CD Rates
for September 08, 2010

Term National Avg APY* Overnight
Auction APY†
High-Yield Savings Account Rates 0.18% 1.25%
3 Month CD Rates 0.24% 0.80%
9 Month CD Rates 0.57% 1.30%
1 Year CD Rates 0.57% 1.51%
2 Year CD Rates 0.92% 1.95%

More National CD Rates

Show me CD Rates offered to people from my state:

*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")