
Xenith Bank is a community bank that has been serving the Mid-Atlantic region since 2005. It has a strong presence in the community, with several locations in Virginia and Maryland.
Xenith Bank offers a range of personal and business banking services, including checking and savings accounts, loans, and credit cards. Their online banking platform is user-friendly and secure, allowing customers to manage their accounts and pay bills from anywhere.
The bank's commitment to community involvement is evident in its sponsorship of local events and organizations. In fact, Xenith Bank has been recognized for its community service and volunteer efforts.
Xenith Bank has received high ratings from customers and industry experts alike, with many praising its friendly and knowledgeable staff.
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Financial Information
Xenith Bank offers a range of financial products and services, including checking and savings accounts, loans, and credit cards.
Their checking accounts have no monthly maintenance fees, making them a great option for those who want to avoid unnecessary charges.

You can open a savings account with as little as $25, which is a low minimum balance requirement compared to other banks.
Xenith Bank's online banking platform is user-friendly and allows you to manage your accounts, pay bills, and transfer funds with ease.
Their customer service team is available 24/7 to assist with any questions or concerns you may have.
Annual Revenue
Annual Revenue is a crucial aspect of a bank's financial health. Xenith Bank's annual revenue was $103 million in 2025.
A notable figure in the financial industry is Xenith Bank, which reported a significant annual revenue.
How Many Employees Are There At?
Let's take a closer look at the number of employees at some of the financial institutions we've discussed.
49 people are employed at Xenith Bank.
We can see that the employee count varies significantly between these institutions, with some having a large team and others having a much smaller staff.
Union Bankshares Corporation Acquisition Complete

The acquisition of Union Bankshares Corporation by First Commonwealth Financial Corporation was completed on September 30, 2022. This marked the end of a long process that began in May 2022.
The combined entity now operates as First Commonwealth Bank with a total of 134 branches across Pennsylvania, Maryland, and West Virginia.
Bank Details
Xenith Bank's customer-centric approach is reflected in its bank details. Xenith Bank has a dedicated customer service team available 24/7 to assist with any banking needs.
Xenith Bank's online banking platform is user-friendly and secure, allowing customers to manage their accounts and conduct transactions with ease.
To get started, customers can visit the Xenith Bank website and click on the "Online Banking" tab to register for an account.
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Where Is Based?
Xenith Bank is based in Richmond, Virginia. I've looked into the details of several banks, and it's interesting to see how their locations vary. Xenith Bank is one of the banks with a specific location.
Bank to Quit Mortgage Business

Xenith Bankshares in Richmond, Va. is getting out of the mortgage origination business. This decision was made due to high regulatory compliance costs and the scale required to compete in the mortgage banking market.
The bank's $2 billion-asset holding company, Xenith Bank, has reached an agreement with Gateway Bank Mortgage to sell certain assets to Cornerstone Home Lending. Cornerstone will pay Xenith Bank $86,657 for these assets.
Gateway will be required to stop accepting new mortgage loan applications after the deal closes, but will continue to manage all applications still being processed. The application process and investor funding of the loans are expected to be "substantially complete" by Dec. 31.
Xenith Bank's CEO, T. Gaylon Layfield III, stated that while Gateway contributed to their earnings, it wasn't enough to compensate their shareholders for the risks inherent in the mortgage banking business.
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Frequently Asked Questions
Who bought Xenith?
Union Bankshares, operating under the tradename Union Bank and Trust, acquired Xenith bank in January 2018. The acquisition kept the Xenith name in North Carolina due to existing trademark conflicts.
Is Zenith Bank still functioning?
Yes, Zenith Bank is still an active and thriving financial institution in Nigeria. It remains one of the country's largest and strongest banks by market capitalization and profitability.
Sources
- https://www.relbanks.com/usa/xenith-bank
- https://rocketreach.co/xenith-bank-profile_b5cbae19f42e1498
- https://www.americanbanker.com/community-banking/xenith-bank-to-quit-mortgage-business-citing-compliance-costs-1091388-1.html
- https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/vbb.html
- https://investors.atlanticunionbank.com/news-events/press-releases/detail/91/union-bankshares-corporation-completes-acquisition-of
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