The Bank of Romney is headquartered in ROMNEY and is the 18th largest bank in the state of West Virginia. It is also the 2,268th largest bank in the nation. It was established in 1888 and as of December of 2024, it had grown to 69 employees at 7 locations. The Bank of Romney's money market rates are 9X the national average, and it has a B+ health rating.
Worked Out Well
A bit of effort to open the account. Since then very good customer service at answering my questions, and friendly, pleasant, and clear.
The BONUS is 1% on savings when criteria met!
No direct deposit needed for 2% on up to 20k on checking.
Note:
- It's FNBtoday or search for FNB Romney. Other FNB links are other banks!
- Website is usable. Signin is the black box at top of screen. It's not where I expected it.
- Micro deposits must be in .15 type format. I tried entering 15 a few times and the account locked.
- It's from 2nd Tues to Monday before 2nd Tues that 12 charges must be done during. It's not calendar month.
Opening: Online seemed to require you be in near their location. Over the phone that was their preference too though it could be worked around. I don't know their current policy or if it was just the one rep's preference.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 845 |
| Year Established | 1888 |
| Employees | 69 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.28% |
| Return on Equity - YTD | 9.32% |
| Annual Interest Income | $19.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $351.2MM$358.4MM |
| Loans | Q4 2024vs Q4 2023 | $261MM$265.3MM |
| Deposits | Q4 2024vs Q4 2023 | $261.9MM$262MM |
| Equity Capital | Q4 2024vs Q4 2023 | $52.4MM$46.4MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $2.7MM$2.4MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $7.7MM$7.4MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $940K$883K |