Bay Banks of Virginia
Bay Banks of Virginia is the holding company for Virginia Commonwealth Bank, a community bank headquartered in Kilmarnock, VA, serving individual consumers and small-to-mid-sized businesses across Virginia with deposits, lending, and standard commercial banking services.
- Company typePublic
- Founded1930
- HeadquartersKilmarnock, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Bay Banks of Virginia does
Bay Banks of Virginia is the holding company for Virginia Commonwealth Bank and VCB Financial Group, operating as a community-oriented regional bank headquartered in Kilmarnock, Virginia. Founded in 1930 and publicly traded on the OTCQB under ticker BAYK, the company delivers traditional commercial and retail banking services, including deposit accounts, consumer loans, commercial lending, and cash management solutions, primarily serving individual retail customers and small-to-mid-sized businesses across the Virginia market.
The business model is a standard spread-driven community banking franchise: revenue is generated from net interest income on lending activities and fee income on deposit and ancillary banking services. The bank monetizes through its Virginia branch network and digital banking channels, with a horizontal segmentation approach covering both consumer and small-business clients. Reported revenue stands at $55.38 million with $7.06 million in net income, positioning the institution as modestly profitable relative to its small-cap peer set.
The operating profile is consistent with a sub-scale, geographically concentrated regional bank. With 101-250 employees, the company is materially smaller than national competitors and competes primarily on local relationship banking and regulatory-structural advantages rather than technology differentiation. No proprietary digital platforms, AI capabilities, or technology partnerships are documented in available sources, and no recent strategic actions — including funding rounds, M&A, or leadership changes — are referenced in the aggregated data.
Bay Banks of Virginia firmographics
Firmographics- Name
- Bay Banks of Virginia
- Legal name
- Bay Banks of Virginia
- Website
- https://baybanks.com
- Company type
- Public
- Founded year
- 1930
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Bay Banks of Virginia is the holding company for Virginia Commonwealth Bank, a community bank headquartered in Kilmarnock, VA, serving individual consumers and small-to-mid-sized businesses across Virginia with deposits, lending, and standard commercial banking services.
- Ownership category
- akta.pro rank
Bay Banks of Virginia industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)
- akta.pro secondary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Bay Banks of Virginia is headquartered
LocationHeadquarters
- HQ city
- Kilmarnock
- HQ country
- United States
- HQ region
- North America
Markets served
Bay Banks of Virginia business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Bay Banks of Virginia product offering
Product offeringCore offering
Bay Banks of Virginia is the bank holding company for Virginia Commonwealth Bank and VCB Financial Group, providing full-service commercial and retail banking products including deposit accounts, consumer and commercial lending, and related financial services to individuals and small-to-mid-sized businesses in the Virginia market. The company generates $55.38 million in revenue and $7.06 million in net income as a publicly traded regional community banking franchise.
Product overview
Bay Banks of Virginia (OTCMKTS:BAYK) is a small-cap banking company. Based on the available source data, no detailed product or service portfolio information is provided in the aggregated sources. The company offers standard banking services including revenue of $55.38 million and net income of $7.06 million as reported, but specific named products, modules, or service offerings are not detailed in the provided sources.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Services Deposit accounts, personal loans, and standard retail banking services for individual consumers in the Virginia market through Virginia Commonwealth Bank.
- Commercial Banking Services Business loans, commercial deposit services, and cash management solutions for small-to-mid-sized businesses in the Virginia market.
- Virginia Commonwealth Bank Services Banking subsidiary providing the retail and commercial banking products distributed under the Bay Banks of Virginia holding company.
- VCB Financial Group Services Financial services subsidiary operating under the Bay Banks of Virginia holding company alongside Virginia Commonwealth Bank.
Quantifiable outcome
- Revenue of $55.38 million (higher than peer Citizens at $40.95 million)
- +1 more outcomes
Companies that use Bay Banks of Virginia
Customer profileSegments2 records
Ideal customer profiles2 records
Bay Banks of Virginia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bay Banks of Virginia partnerships and signals
Strategic signalScale indicators2 records
Bay Banks of Virginia competitors and assessment
Company assessmentDirect peers
- Sandy Spring Bancorp (SASR): Mid-Atlantic community bank holding company operating across Maryland, Virginia, and Washington, D.C. Comparable as a publicly traded Mid-Atlantic community bank serving both consumers and SMEs with similar deposit-funded lending model.
- Citizens (CIZN): Citizens is the most direct comparable, explicitly cited in Bay Banks' source data as a small-cap banking peer ($40.95M revenue, $5.49M net income). Both operate as small publicly listed community banks in Virginia/Mid-Atlantic, making Citizens the closest size and model benchmark.
- Blue Ridge Bankshares (BRBS): Virginia-headquartered multi-state bank holding company for Blue Ridge Bank, N.A., serving Virginia and north central North Carolina. Directly comparable as a Virginia-headquartered community bank holding company with personal and commercial banking focus.
- C&F Financial Corporation (CFFI): Virginia-based bank holding company for Citizens and Farmers Bank, serving retail and commercial customers in the Virginia Peninsula and Northern Neck. Highly comparable regional community bank with similar size, charter, and customer mix.
- First National Corporation (FXNC): Virginia-based community bank holding company operating in the Northern Neck, Fredericksburg, and surrounding regions. Directly overlaps Bay Banks' Kilmarnock/Virginia Commonwealth Bank footprint, serving similar retail and small business customers.
- Burke & Herbert Financial Services (BHRB): Virginia-chartered community bank with long operating history (1852) serving Northern Virginia. Comparable as a Virginia-based community bank offering consumer deposits and commercial lending, with similar small-cap public profile.
- Virginia National Bankshares (VABK): Small-cap Virginia community bank holding company serving Charlottesville and surrounding Central Virginia markets. Comparable small-scale publicly traded Virginia bank with similar deposit and SME lending focus.
- Fauquier Bankshares (FBSS): Virginia-based community bank holding company for Fauquier Bank, serving the Northern Piedmont region. Comparable small publicly traded Virginia community bank with similar deposit-gathering and SME lending model.
Broad incumbents
- Atlantic Union Bankshares (AUB): One of the largest Virginia-based regional bank holding companies, providing full-service commercial and retail banking across Virginia, Maryland, and North Carolina. Directly competes in the same Virginia SME and retail deposit markets, but at substantially greater scale.
- TowneBank (TOWN): Hampton Roads-headquartered community-oriented financial institution serving Virginia and northeastern North Carolina. Operates in overlapping Virginia markets with similar commercial/retail banking, mortgage, and wealth management offerings, but with a much larger balance sheet.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key highlights5 records
Customer concentration
Bay Banks of Virginia social profiles
Digital presenceBay Banks of Virginia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bay Banks of Virginia leadership team
Management profileNumber of profiles
Bay Banks of Virginia funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bay Banks of Virginia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bay Banks of Virginia
What does Bay Banks of Virginia do?
Bay Banks of Virginia is the bank holding company for Virginia Commonwealth Bank and VCB Financial Group, providing full-service commercial and retail banking products including deposit accounts, consumer and commercial lending, and related financial services to individuals and small-to-mid-sized businesses in the Virginia market. The company generates $55.38 million in revenue and $7.06 million in net income as a publicly traded regional community banking franchise.
Is Bay Banks of Virginia a public or private company?
Bay Banks of Virginia is a public company. It is classified as public and is currently operating.
When was Bay Banks of Virginia founded?
Bay Banks of Virginia was founded in 1930. It employs 101 to 250 people.
Where is Bay Banks of Virginia based?
Bay Banks of Virginia is headquartered in Kilmarnock, United States, in the North America region.
Who are Bay Banks of Virginia's main competitors?
Direct peers on record are Sandy Spring Bancorp (SASR), Citizens (CIZN), Blue Ridge Bankshares (BRBS), C&F Financial Corporation (CFFI), First National Corporation (FXNC), Burke & Herbert Financial Services (BHRB), Virginia National Bankshares (VABK) and Fauquier Bankshares (FBSS). Broad incumbents are Atlantic Union Bankshares (AUB) and TowneBank (TOWN).
Does Bay Banks of Virginia have an API?
No public API is recorded for Bay Banks of Virginia.
What industry is Bay Banks of Virginia in?
Bay Banks of Virginia's product category is Community Banking. Its primary akta.pro industry code is FSABABAB, SME Business Lending (Term Loans, Lines of Credit, Overdrafts), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.