Banks in Salem, VA
Branches open
10
Banks present
9
Deposits (2025)
$935M
Closings on record
4
1 openings
Banks by deposits in Salem (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Truist Bank | $356M | 38% | 2 |
| Atlantic Union Bank | $207M | 22.1% | 1 |
| Wells Fargo | $124M | 13.2% | 1 |
| CNB Bank | $75M | 8.1% | 1 |
| First Citizens Bank | $59M | 6.3% | 1 |
| Pinnacle Bank | $46M | 4.9% | 1 |
| Bank of Botetourt | $42M | 4.5% | 1 |
| Carter Bank & Trust | $24M | 2.5% | 1 |
| Woodforest National Bank | $3M | 0.3% | 1 |
All branches
- Truist Bank — 1425 W Main St$219M
- Atlantic Union Bank — 852 W Main St$207M
- Truist Bank — 2929 Keagy Rd$137M
- Wells Fargo — 14 W Main St$124M
- CNB Bank — 124 W Main St$75M
- First Citizens Bank — 106 Roanoke Blvd$59M
- Pinnacle Bank — 8 E Main St$46M
- Bank of Botetourt — 231 S College Ave$42M
- Carter Bank & Trust — 1400 Electric Rd$24M
- Woodforest National Bank — 1841 W Main St$3M
Closings
- 1432 APPERSON DR · closed August 20, 2025
- 1251 W MAIN ST · closed May 24, 2024
- 1395 WEST MAIN STREET · closed December 8, 2020
- First Community Bank — Salem, VAbank exits city1406 S. COLORADO STREET · closed September 30, 2020
Transcribed from FDIC BankFind Suite active-location records, the annual Summary of Deposits and structure-change records. Deposit figures reflect the office to which deposits are reported and may not represent where depositors live.