Bank Of Botetourt

What Bank Of Botetourt does

Bank of Botetourt is a Virginia-based community bank founded in 1899, headquartered in Buchanan, with total assets of approximately $938 million as of Q1 2026. The bank operates a full-service retail and commercial banking franchise targeting individual consumers, small-to-mid-size businesses, agricultural operations, homebuyers, and community organizations across Southwest Virginia through a multi-branch physical network supplemented by digital banking channels (iOS/Android mobile apps, online banking, Zelle, mobile deposit, CardValet, and Positive Pay fraud protection). Its product portfolio spans personal and business checking, savings, money market, CDs, IRAs, consumer and commercial lending, agriculture loans, treasury management, merchant services (via Fiserv/Clover), title insurance, and credit cards, with mortgage origination conducted through its Virginia Mountain Mortgage division and wealth management through Botetourt Wealth Management (in partnership with LPL Financial).

The bank's underlying technology stack is predominantly vendor- and partner-driven rather than proprietary: core banking is supported by standard digital banking infrastructure, mobile apps, and integrations with ClickSWITCH (account switching), CardValet (card controls), CDARS/ICS (large-deposit FDIC sweep), Positive Pay (check fraud), Fiserv/Clover (payments), and FICO/credit-bureau-driven underwriting for credit cards and lending. Insurance products are delivered via referral partnerships with Bearing Insurance Group, Bankers Insurance (crop), and College Ave (student loans), while wealth management is operated through LPL Financial's broker-dealer and RIA platform. This partnership-heavy model allows the bank to offer a broad product surface without internal build-out, at the cost of limited proprietary technology differentiation.

Revenue is generated through two primary streams: net interest income from the spread between loans (mortgage, commercial, consumer, agriculture) and deposits across $938 million in earning assets (with a net interest margin of 3.97% in Q1 2026), and non-interest income from deposit service charges, wealth advisory referral fees, insurance commissions, merchant services transaction fees, and mortgage origination fees ($1.53 million in Q1 2026, up 23% year-over-year). Pricing follows a relationship-based community banking model with tiered monthly-fee checking accounts (free to premium), balance-tier savings/CD rates, and credit card interest/fee income. The bank is publicly traded on OTC Pink under ticker BORT, pays a quarterly common dividend ($0.25/share, raised 11.1% in January 2026), and reported FY2025 net income of $10.8 million and Q1 2026 net income of $3.09 million (up 51% year-over-year).

Name

Bank Of Botetourt

Legal name

Bank of Botetourt

Website

https://bankofbotetourt.com

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

51–100 employees

Short description

Bank of Botetourt is a Virginia-based community bank founded in 1899, offering personal, business, mortgage, and wealth management banking services across Southwest Virginia through branches, digital channels, and partnerships.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking services
• Commercial lending products
• Residential mortgage loans
• Wealth management services
• Agricultural financing

Headquarters

HQ city

Zebulon

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Core banking revenue from interest rate spread between loans (mortgages, commercial loans, consumer loans, agriculture loans) and deposits (checking, savings, CDs, money market). Interest income from $938 million in total assets as of Q1 2026.
2. Non-Interest Income: Fees from service charges on deposit accounts, wealth management advisory fees (through LPL Financial referral), insurance commissions (Bearing Insurance referral), merchant services transaction fees, and mortgage origination income.
3. Dividend Income: Bank pays quarterly dividends to shareholders - $0.25 per common share, with 7.00% preferred dividend of $0.49 per share.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Bank of Botetourt is a community bank providing deposit accounts (checking, savings, money market, CDs), consumer and commercial lending (mortgages, auto, home equity, business lines of credit, commercial real estate, agricultural loans), credit cards, treasury and cash management services, merchant services, and wealth management. The bank distributes these products through physical branches in Southwest Virginia, mobile and online banking, and the Virginia Mountain Mortgage and Botetourt Wealth Management divisions.

Product overview

Bank of Botetourt is a regional community bank founded in 1899 offering a comprehensive suite of financial products and services through multiple integrated divisions. The core banking platform provides Personal Checking (with Everyday Banking, Alliance Banking, Timeless Banking, Student Checking, and BankOn options), Personal Savings (including Kids$ave, Money Market, CDs, and IRAs), Personal Lending (Auto, Home Equity, Credit Cards), and Digital Banking (including Zelle, Bill Pay, and ClickSWITCH). The Virginia Mountain Mortgage division offers residential mortgages including Conventional, FHA, VA, USDA, Construction, and Adjustable Rate loans. The Botetourt Wealth Management division provides financial planning and investment services through an LPL Financial partnership. Business banking encompasses multiple checking tiers (Basic, Advantage, Community, Business Interest, Business Analyzed), Business Savings and Money Market, Agriculture Loans, comprehensive Business Lending, Treasury Services with Positive Pay fraud protection, and Merchant Services through Clover POS systems. Insurance products are offered through Bearing Insurance partnerships for both personal and business coverage. The bank also offers specialty services including Title Insurance, Student Loans (via College Ave), CardValet card management, and UChoose Rewards debit card program.

Differentiator

Problem solved

Functional benefit

Brands

• Virginia Mountain Mortgage: A division of Bank of Botetourt providing mortgage lending services including conventional, FHA, VA, USDA, and construction loans.
• Botetourt Wealth Management
• Botetourt Merchant Services
• MoneyiQ

Products and services

• Personal Checking
• Personal Savings
• Personal Lending
• Digital Banking
• Business Checking
• Business Savings and Money Market
• Business Lending
• Agriculture Loans
• Treasury Services

Quantifiable outcome

• 50.98% increase in Q1 2026 net income compared to Q1 2025
• +3 more outcomes

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• LPL FinancialcoreStrategic or Co-development PartnerSecurities and advisory services offered through LPL Financial, a registered investment advisor and broker/dealer (member FINRA and SIPC). Bank refers customers to LPL Financial professionals for wealth management and investment services. Wealth team members are registered representatives of LPL Financial.
• Virginia HousingcoreTechnology or IntegrationPartnership to offer Virginia Housing affordable home loan programs including competitive rates, low down payments, and grant programs for first-time homebuyers and eligible borrowers.
• Bearing Insurance GroupcoreChannel Partner/ Reseller/ DistributorInsurance products referral partnership through Bearing Insurance Group, LLC. Offers property, liability, business auto, workers compensation, employee benefits, and all business insurance coverages to bank customers.
• College AveminorChannel Partner/ Reseller/ DistributorStudent loan products referral partnership offering undergraduate student loans and refinancing options to bank customers through College Ave.
• FiservcoreTechnology or IntegrationClover POS system partnership through Fiserv offering all-in-one payment processing and business management solutions including Clover Flex, Station, Mini, and Go devices.
• Bankers InsuranceminorChannel Partner/ Reseller/ DistributorCrop insurance products offered through Bankers Insurance for agricultural customers.
• Farm Service Agency (FSA)coreStrategic or Co-development PartnerFSA guaranteed loan programs allowing the bank to make agricultural credit available to farmers who don't meet normal underwriting criteria, with options for no down payment and better terms.
• FDICcoreOthersFederal Deposit Insurance Corporation providing deposit insurance protection for bank customers up to the insured limits.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Carter Bankshares: Community bank holding company serving Virginia and North Carolina with retail and commercial banking products. Similar community-banking positioning, asset size, and product mix to Bank of Botetourt.
• First Bank (Virginia): Community bank serving Virginia with consumer and business banking products. Similar asset size, product offerings, and relationship-based community banking approach.
• Virginia National Bankshares: Virginia-based community bank holding company focused on Charlottesville and central Virginia. Similar scale, product suite, and community-banking strategy to Bank of Botetourt.
• Blue Ridge Bankshares: Virginia-headquartered community bank holding company operating in Virginia and the Carolinas. Directly comparable community-banking model with consumer, business, and mortgage lending.
• HomeTown Bankshares Corporation: Virginia community bank holding company focused on Roanoke and Southwest Virginia. Direct geographic overlap with Bank of Botetourt and similar community-banking product suite.
• Burke & Herbert Financial Services: Virginia-based community bank offering consumer and business banking, mortgages, and wealth services. Comparable size, similar community-banking model, and overlapping Virginia footprint.
• Eagle Bancorp (Virginia): Virginia community bank providing commercial and consumer banking services. Comparable in scale and community-banking model with overlap in Virginia market.
• C&F Financial Corporation: Virginia-based community bank holding company with retail banking, mortgage, and consumer finance subsidiaries. Comparable size, product mix, and Mid-Atlantic community focus.

Others

• Fiserv: Core banking technology and merchant services provider (Clover) that Bank of Botetourt partners with for payment processing. Included as a strategic ecosystem partner rather than a competitor.

Broad incumbents

• Atlantic Union Bankshares: A much larger Virginia-based regional bank holding company with deep presence across the state, including Southwest Virginia. Overlaps with Bank of Botetourt in consumer and commercial banking, but operates at significantly greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/bankofbotetourt
• YouTubeyoutube.com/channel/UCWrUeyHj0DKkCC_JhsvYdww/featured
• Facebookfacebook.com/botetourt
• LinkedInlinkedin.com/company/bank-of-botetourt
• Instagraminstagram.com/bankofbotetourt

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Of Botetourt