Bank of Clarke County

What Bank of Clarke County does

Bank of Clarke County is a Virginia-chartered community bank founded in 1881 and headquartered at 2 East Main Street, Berryville, VA. It operates as the primary banking subsidiary of Eagle Financial Services, Inc. (NASDAQ: EFSI), a publicly traded bank holding company that completed a capital raise and NASDAQ uplisting in 2025. The bank serves retail consumers, small and mid-sized businesses, non-profit organizations, government contractors, and high-net-worth individuals in Southeast Virginia through a branch network that includes a newly opened McLean location in the Northern Virginia corridor. Its go-to-market is the traditional community-bank model of local decision-making and relationship-based service, supplemented by digital channels (online banking, mobile banking, mobile deposit capture, Bill Pay, Zelle).

The product portfolio spans deposit products (personal/business checking and savings, CDs, IRAs, CDARS), consumer lending (mortgages, home equity, auto, personal loans, RV/boat/ATV loans), commercial lending (construction, government contractor banking, small business term loans and lines of credit, Clarke Leasing for equipment financing), cash management (ACH origination, wire transfers, Positive Pay, Remote Deposit Capture, merchant services, Auris payroll integration), wealth management (investments, trusts and estate administration, private banking), and value-add integrations (Greenlight family debit, Credit Sense monitoring, Allpoint ATM network). Underlying technology is conventional: no proprietary AI/ML is evident, and digital capabilities are delivered through standard third-party integrations and vendor platforms rather than a differentiated in-house platform.

The revenue model is a traditional bank model with three streams: net interest income (spread between lending yields and deposit costs — Q4 2025 net interest income of $16.4M, up 21.3% YoY), wealth management and fee income (Q4 2024 wealth fees of $919K, up 66.7% YoY), and transactional banking fees. The bank declared a $0.31 quarterly dividend per share in Q1 2026. Parent-level net income has been volatile due to a $12.4M securities loss recognized in Q1 2025, but Q1 2026 showed $3.7M net income ($0.69/share) with an improved 3.63% net interest margin and 67.97% efficiency ratio, suggesting successful balance sheet repositioning.

Name

Bank of Clarke County

Legal name

Bank of Clarke County

Website

https://bankofclarke.bank

Company type

Private

Founded year

1881

Operating status

Operating

Headcount range

101–250 employees

Short description

Bank of Clarke County is a Virginia community bank (founded 1881) operating as the banking subsidiary of NASDAQ-listed Eagle Financial Services (EFSI). It serves retail consumers, small businesses, government contractors, non-profits, and high-net-worth individuals across Southeast and Northern Virginia through branches and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

Keywords

• Community banking services
• Consumer lending products
• Commercial lending solutions
• Wealth management services
• Business cash management

Headquarters

HQ city

Berryville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest income from lending activities including personal loans, mortgages, auto loans, commercial loans, and lines of credit. Primary revenue driver representing the spread between interest earned on loans and interest paid on deposits.
2. Wealth Management Fees: Fee income from wealth management, investment services, trusts and estate administration, and private banking services. Q4 2024 showed $919 thousand in wealth management fee income, representing 66.7% growth year-over-year.
3. Banking Fees and Service Charges: Various banking fees including checking account fees, wire transfer fees, merchant services, cash management fees, and other service charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Bank of Clarke County is a Virginia-based community bank that provides personal and business deposit accounts (checking, savings, CDs/IRAs/CDARS), consumer and commercial lending (mortgages, home equity, auto loans, personal loans, construction loans, government contractor banking, equipment leasing through Clarke Leasing), wealth management services, and business cash management. The bank is the primary banking subsidiary of Eagle Financial Services, Inc. (NASDAQ: EFSI) and distributes services through a Virginia branch network complemented by online and mobile banking channels.

Product overview

Bank of Clarke County operates as a traditional community bank offering a unified platform of deposit products, lending solutions, and digital banking services. The core product portfolio centers on personal and business checking/savings accounts (Personal Checking, Personal Savings, Business Checking, Business Savings, CDs/IRAs/CDARS) alongside consumer and commercial lending offerings (Consumer Lending Solutions, Mortgages, Small Business Lending, Commercial Lending Solutions, Clarke Leasing). The bank extends its offering through add-on modules including digital banking (Online Banking, Mobile Banking, Mobile Deposit Capture, Bill Pay), wealth management services, cash management tools (ACH Origination, Wire Transfers, Merchant Services, Positive Pay), and specialty products (Greenlight for family banking, Credit Sense for credit monitoring). The bank also provides access through a physical branch network with branch expansion including a new McLean, VA location.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking account offerings for individual consumers, providing everyday transaction banking with debit card access and digital banking integration.
• Personal Savings Personal savings accounts for individual consumers to deposit and grow funds.
• CDs / IRAs / CDARS Certificate of deposit products, Individual Retirement Accounts, and CDARS (Certificate of Deposit Account Registry Service) for expanded FDIC coverage, for individual consumers.
• Consumer Lending Solutions Consumer lending bundle for individuals covering personal loans, auto loans, motorcycle/ATV/boat loans, RV loans, mortgages, and home equity lines of credit.
• Mortgages Residential mortgage products for homebuyers and homeowners, including home purchase, refinancing, and specialty programs for first responders, military personnel, and first-time home buyers.
• Home Equity Line of Credit Home equity products allowing homeowners to leverage home equity for debt consolidation, home improvements, or other financial needs.
• Business Checking Business checking accounts designed for businesses with cash management integration.
• Business Savings Business savings solutions for commercial customers to manage and hold business funds.
• Small Business Lending

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Regional players

• Carter Bankshares: Community-oriented Virginia and North Carolina bank holding company (CARE); comparable community banking model with adjacent regional footprint in the Carolinas/Virginia.

Direct peers

• First National Corporation: Stratford, VA-based bank holding company (FXNC) operating a community bank subsidiary; comparable in size, Virginia regional orientation, and traditional community banking model.
• F&M Bank Corp: Virginia-headquartered community bank holding company (FMBM) with similar deposit-funded lending model, retail/business/wealth segments, and Shenandoah Valley / Virginia regional footprint.
• National Bankshares: Blacksburg, VA-based bank holding company (NKSH) running a small community bank; comparable Virginia footprint, similar revenue scale, and traditional deposit/lending model.
• First Community Bankshares: Bluefield, VA-based community bank holding company (FCBC); comparable in size, regulatory model, and Virginia/Appalachian regional banking focus.
• Burke & Herbert Financial Services: Virginia-based community bank holding company that recently completed a NASDAQ IPO (BHRB); directly comparable in size, regional focus, and business model to Bank of Clarke / Eagle Financial Services.
• Eagle Financial Services (parent of Bank of Clarke): The publicly traded bank holding company (NASDAQ: EFSI) that wholly owns Bank of Clarke County; effectively the listed equity vehicle through which an investor gains exposure to the bank's earnings, capital, and dividend.

Broad incumbents

• TowneBank: Hampton Roads, VA-headquartered bank holding company (TOWN) with community-bank style service model; broader regional incumbent competing in Virginia retail and commercial banking.
• Atlantic Union Bankshares: Major Virginia-based regional bank holding company (AUB) offering full-service commercial, retail, and wealth banking across Virginia; larger incumbent competing head-to-head in the same markets.
• United Bankshares: Large regional bank holding company (UBSI) with significant Virginia presence; a broader incumbent operating in the same geography with overlapping retail/business banking products but at substantially greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/BankofClarke
• YouTubeyoutube.com/user/bankofclarkecounty
• Facebookfacebook.com/BankofClarke
• LinkedInlinkedin.com/company/bank-of-clarke-county
• Instagraminstagram.com/bankofclarke

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

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 Clarke County