Essex Bank
FDIC #8675
📍 Richmond, Virginia
Essex Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 01/01/1926. With assets of $1.77 Billion, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: October 5, 2020
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
October 5, 2020
Satisfactory
March 26, 2018
Satisfactory
March 21, 2016
Satisfactory
💰 Financial Strength
Total Assets$1.77 Billion
Total Deposits$1.50 Billion
Equity Capital$186.33 Million
Net Income$19.20 Million
📈 Performance
ROA1.49%
ROE14.29%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📞 Contact & Location
Address9954 Mayland Drive
Richmond, Virginia 23233
Richmond, Virginia 23233
📋 Corporate Structure
Established01/01/1926
FDIC Cert8675
Holding CoCommunity Bankers Trust Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeDecember 7, 2021
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2015
Relocation
Moved HQ to: 9954 Mayland Drive, Richmond, VA 23233.
2014
Name Change
Name became: Changed Institution Name To Essex Bank.
2008
Merger / Acquisition
Acquired: Transcommunity Bank, National Association
2008
Relocation
Moved HQ to: 1325 Tappahannock Blvd., Tappahannock, VA 22560.
1991
Relocation
Moved HQ to: 323 Prince Street, Tappahannock, VA 22560.