Bank · FDIC insured
Select Bank
A $524.4M bank headquartered in Forest, VA, with 6 branches in 2 states.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- Savings680.05%1.05% with extra requirementsSavings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Select Bank
Select Bank was founded nearly two decades ago to support local small businesses and community members.
The bank remains owned by local shareholders across Virginia and North Carolina.
Select Bank is designated as a Preferred SBA Lender.
- Headquarters
- 211 Gristmill Dr, Forest, VA 24551
- FDIC certificate
- 58563 ↗
Branches
6 branches in 2 states
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Virginia
5 branches
Lynchburg area · 4
- Select BankMain office211 Gristmill Dr, Forest, VA 24551Directions
- Bedford Office Branch1387 American Way, Bedford, VA 24523Directions
- Boonsboro Office Branch4925 Boonsboro Rd, Lynchburg, VA 24503Directions
- Timberlake Office Branch7113 Timberlake Rd, Lynchburg, VA 24502Directions
Staunton area · 1
- Staunton Office Branch1111 Greenville Ave, Staunton, VA 24401Directions
North Carolina
1 branch
- Huffman Mill Road Burlington Branch3158 S Church Street, Burlington, NC 27215Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.54% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.06% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.22% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $102 | $81 | — |
- CapitalLeverage ratio9.54%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.06%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.22%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$102Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Select Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.