Virginia National Bank

What Virginia National Bank does

Virginia National Bank (VNB) is a community-focused regional bank founded in 1998 in Charlottesville, Virginia, operating as the banking subsidiary of publicly traded Virginia National Bankshares Corporation (NASDAQ: VABK). Following the April 2021 merger with The Fauquier Bank, VNB operates 14 branch locations across six Virginia markets (Charlottesville, Albemarle County, Fauquier County, Prince William County, Winchester, and Richmond) and serves individual consumers, small-to-medium businesses, wealth management clients, and commercial/real estate developers through a horizontal segmentation approach. The bank was originally capitalized by over 900 local shareholders and combines relationship-based community banking with digital channels.

The bank offers a full product suite across personal and business deposit accounts (checking, savings, money market, CDs, IRAs), lending products (personal, commercial, mortgage), treasury management services (ACH, positive pay, wire transfers, sweep, zero balance accounts, merchant card services), and trust and estate services through its VNB Trust & Estate Services division. Technology infrastructure is built primarily on FIS systems for mobile banking, online banking, treasury management, and remote deposit capture (DirectLink Merchant), with integrations to Zelle (peer-to-peer payments), Apple Pay, Quicken/QuickBooks, Visa/Mastercard (via Elan Financial Services), SurePayroll, CDARS, and NYCE/PLUS ATM networks. The go-to-market combines physical branch presence, mobile apps for iOS/Android, online banking, and 24-hour telephone banking, with commercial lending teams deployed across four regional markets.

VNB's revenue model is anchored in net interest income (the spread between lending yields and deposit costs), supplemented by non-interest fee income from deposit accounts, wire transfers, ATM fees, and treasury management, plus recurring fees from trust and wealth management services. The bank reported full-year 2025 net income of $19.3 million (up 13.5% from $17.0M in 2024) and Q1 2026 net income of $5.3 million (up 17.2% YoY), with a Q1 2026 net interest margin of 3.40%, efficiency ratio of 56.6%, and ROAA of 1.30%. Operational improvements include a 19bp YoY reduction in cost of funds in Q1 2026 and a 28bp reduction for FY2025, alongside an FY2025 ROAA of 1.45%.

Name

Virginia National Bank

Legal name

Virginia National Bank

Website

https://vnb.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Virginia National Bank is a community-focused regional bank founded in 1998 in Charlottesville, Virginia, operating 14 branches statewide to serve individual consumers, small-to-medium businesses, wealth management clients, and commercial developers through deposits, lending, treasury management, and trust services.

Ownership category

akta.pro rank

Headquarters

HQ city

Charlottesville

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest income from lending activities including personal loans, commercial loans, and mortgage products minus interest paid on deposits. Primary revenue driver representing the spread between interest earned on loans and interest paid on deposits.
2. Non-Interest Income: Fee income from deposit accounts, wire transfers, ATM fees, overdraft fees, safe deposit box rentals, and credit card interchange fees. Also includes revenue from treasury management services and trust services.
3. Trust and Wealth Management Fees: Fees from trust and estate services including trustee fees, investment management fees, and estate administration services.
4. Digital Banking Services: Revenue from credit card transactions, business banking services, and treasury management solutions including payroll processing partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Virginia National Bank is a community-focused regional bank headquartered in Charlottesville, Virginia, operating 14 branch locations across Charlottesville, Albemarle, Fauquier, Prince William, Winchester, and Richmond. The bank offers consumer deposit accounts (checking, savings, money market, CDs), personal and commercial loans, business treasury management services (ACH, wire transfers, positive pay, remote deposit capture), trust and estate administration, and debit/credit card services. Banking is delivered through branches complemented by FIS-powered mobile and online banking platforms supporting Zelle, Apple Pay, mobile deposit, and card controls.

Differentiator

Problem solved

Functional benefit

Brands

• VNB Trust & Estate Services: Trust, estate, custody and administration services offered through a division of Virginia National Bank
• Finance Career & Leadership Academy (FCLA)

Products and services

• Personal Deposit Accounts Consumer checking, savings, money market, and CD accounts including Cardinal Checking, Personal Savings, Money Market, Premium Money Market, Certificate of Deposit, Phoenix Account, and Dogwood Savings minor account.
• Personal Mobile Banking VNB mobile banking app for iOS, Android, iPad, Android Tablet, and Kindle offering account access, mobile check deposit, bill payment, Zelle peer-to-peer transfers, card controls, and account alerts for consumer customers.
• Personal Credit Cards Consumer credit cards issued through Elan Financial Services under Visa and Mastercard licensing, with zero fraud liability, rewards programs, and Apple Pay compatibility.
• Business Deposit Accounts Business checking accounts including Business Economy Checking and Full-Analysis Business Checking with per-item transaction fees and earnings credit on average balances.
• Business Mobile Banking Mobile banking app variant for business customers offering higher mobile deposit limits ($20,000/day, $70,000/month), account management, and treasury features on iOS and Android.
• Treasury Management Services Cash management suite for businesses including Business Online banking, ACH Debits/Credits, Wire Transfers, Positive Pay fraud protection, Remote Deposit Capture (Deposit Online), Merchant Card Services, Sweep Services, Zero Balance Accounts, and Payroll Services through SurePayroll partnership.
• Personal Loans Consumer lending products including personal loans, home equity lines of credit, and residential mortgages for individuals and families.
• Commercial Loans Commercial lending products for businesses including commercial real estate loans, business lines of credit, equipment financing, and construction loans served by commercial lending teams in Charlottesville, Northern Virginia, Richmond, and Winchester.
• VNB Trust & Estate Services Corporate trustee services including revocable and irrevocable trusts, estate administration, investment management, charitable giving facilitation, and fiduciary services for high-net-worth individuals and families.
• Apple Pay Card Integration Digital wallet service allowing VNB debit and credit cardholders to add cards to Apple Pay for contactless payments at merchants using iPhone and Apple Watch.
• Personal Online Banking Web-based online banking platform for consumers offering bill pay (up to 50 bills/month), eStatements, Quicken export, and account management.
• Safe Deposit Boxes Rented safe deposit boxes in multiple sizes (3x5 through 10x10) at branch locations with annual fees ranging from $50 to $200.
• CDARS Certificates of Deposit Certificate of Deposit Account Registry Service providing full FDIC insurance on CDs up to $50 million through the CDARS network for deposits ranging from $10,000 to $50,000,000.

Quantifiable outcome

• Net income increased 17.2% year-over-year to $5.3 million in Q1 2026
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Botanical Garden of the PiedmontminorGTM or Marketing Partner · 4 June 2026Virginia National Bank is a community sponsor and supporter of the Botanical Garden of the Piedmont. VNB attended the groundbreaking ceremony on June 4, 2026 for the 15-acre site in McIntire Park in Charlottesville. The partnership supports the garden's mission to welcome community members and promote environmental well-being.
• CBS19 NewsminorGTM or Marketing Partner · 13 May 2026VNB partners with CBS19 News for local commercial spots. CBS19 News produces and airs VNB commercials featuring community sponsors and bank services. The partnership provides VNB with local broadcast reach and credibility through association with the news station.
• Center for Financial Training and Education Alliance (CFTEA)coreStrategic or Co-development PartnerVNB's Finance Career & Leadership Academy partners with CFTEA to create a credentialing program specifically designed to prepare students for banking industry careers. The partnership enables the bank-sponsored College Program with 15 courses including 13 accredited college/university courses (39 transferable credit hours) and work projects. Participants receive fulltime pay with benefits while completing the program.
• Virginia Bankers Association Education FoundationminorGTM or Marketing PartnerVNB participates in the VBA Bank Day Scholarship Program, hosting high school students to learn about banking and financial services careers. In 2026, VNB hosted students who won the Northern Virginia Region Winner (Aakriti Rustagi) and Valley Region Honorable Mention (Isam Mousa).
• FIS (Financial Information Services)coreTechnology or IntegrationVNB uses FIS systems for its mobile banking, online banking, and Treasury Management platforms including DirectLink Merchant for remote deposit capture. FIS provides the technology infrastructure powering VNB's digital banking services and Deposit Online systems.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides credit card services for VNB, including zero fraud liability protection, card issuance, and rewards programs. Elan issues VNB-branded Visa and Mastercard credit cards pursuant to licenses from Visa U.S.A. Inc. and Mastercard International.
• Early Warning Services (Zelle)coreTechnology or IntegrationVNB offers Zelle peer-to-peer payment services through its mobile banking app, powered by Early Warning Services. Zelle allows customers to send and receive money directly between bank accounts typically within minutes.
• VisacoreTechnology or IntegrationVNB debit and credit cards are issued through Visa licensing agreements. Cards are accepted at over 27 million merchant locations worldwide. Visa branding provides global acceptance and fraud protection.

Scale indicators19 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• National Bankshares: Virginia-headquartered community bank holding company of similar size with consumer and commercial banking focus across the region. Highly comparable in scale, business model, and Virginia market overlap with VNB.
• Burke & Herbert Financial Services: Virginia-based community bank serving Northern Virginia and surrounding markets with a similar relationship-driven model. Comparable customer segments, products, and emphasis on local decision-making.
• Bank of the James Financial Group: Lynchburg, Virginia-based community bank holding company offering similar consumer, business, and mortgage products to the central Virginia market. Closely comparable in size and community banking focus.
• Blue Ridge Bankshares: Virginia-headquartered community bank with operations in central and western Virginia. Comparable product suite, customer focus, and asset size to VNB's footprint.
• F&M Bank (F&M Bancorp): Timberville, Virginia-based community bank with branches throughout the Shenandoah Valley. Comparable scale, community banking model, and Virginia market overlap.
• Eagle Financial Services: Berryville, Virginia-based community bank holding company serving the northern Shenandoah Valley and nearby markets. Similar size, customer segments, and community banking approach to VNB.
• Carter Bank & Trust: Martinsville, Virginia-based community bank with footprint across Virginia and North Carolina. Directly comparable in scale, product mix, and community banking model.
• Bank of Botetourt: Buchanan, Virginia-based community bank serving the Roanoke and Shenandoah Valley region. Comparable size, community-oriented strategy, and consumer/commercial banking product set.

Broad incumbents

• Atlantic Union Bankshares: Larger Virginia-based regional bank serving many of the same markets (Charlottesville, Richmond, Northern Virginia). Provides a natural incumbent comparison for VNB's consumer and commercial banking strategy at a much larger scale.
• TowneBank: Hampton Roads-based Virginia regional bank with strong community orientation and growing Northern Virginia presence. Comparable in mission and product mix though larger in scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Virginia National Bank