Virginia headquartered banks held $92.9 billion of commercial real estate loans as of June 30, 2026, according to FDIC Call Reports. BestCRE ranks the banks by total CRE loans and presents construction and land, multifamily, owner occupied, and investor nonfarm nonresidential balances. The ranking covers 25 banks with a combined $89.1 billion of CRE loans. It is designed to help borrowers identify institutions with meaningful CRE portfolios while distinguishing portfolio size from current loan availability. Call reports describe loans already held on bank balance sheets. They do not show individual credit decisions, property eligibility, quoted pricing or whether a bank is actively pursuing a particular transaction.
The table is limited to banks headquartered in Virginia. That headquarters test matters because several large national and regional banks serve Virginia through local branches but report their full loan portfolios from another state. The FDIC Summary of Deposits 2026 provides the branch and deposit information used to identify those institutions separately. Across the ranked Virginia banks, portfolio composition varies substantially, as do annual growth and CRE concentration. Borrowers can use those differences to build an initial call list, then confirm current interest directly with each lender. The relevant comparison is not simply which bank is largest, but which balance sheet most closely resembles the property type and financing need.
Virginia banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | Capital One, N.A. | Mclean, VA | $24,111 | $1,952 | $6,939 | $1,226 | -2.2% | 5.3% |
| 2 | Atlantic Union Bank | Richmond City, VA | $15,900 | $1,859 | $2,429 | $4,308 | +3.4% | 55.4% |
| 3 | United Bank | Fairfax, VA | $14,204 | $3,336 | $2,437 | $2,171 | +3.2% | 56.7% |
| 4 | TowneBank | Portsmouth, VA | $8,969 | $1,321 | $865 | $2,496 | +22.8% | 57.9% |
| 5 | Burke & Herbert Bank & Trust Company | Alexandria, VA | $5,504 | $453 | $785 | $1,153 | +47.4% | 68.8% |
| 6 | Carter Bank & Trust | Martinsville, VA | $2,633 | $489 | $395 | $173 | +1.5% | 70.5% |
| 7 | HSBC Bank USA, N.A. | Tysons, VA | $1,637 | $42.7 | $161 | $200 | -52.4% | 3.0% |
| 8 | MainStreet Bank | Fairfax, VA | $1,626 | $313 | $242 | $479 | +9.4% | 83.5% |
| 9 | John Marshall Bank | Reston, VA | $1,422 | $227 | $97.1 | $332 | +3.3% | 70.6% |
| 10 | Primis Bank | Tappahannock, VA | $1,377 | $154 | $138 | $561 | +2.9% | 37.2% |
| 11 | The First Bank and Trust Company | Lebanon, VA | $1,291 | $398 | $89.4 | $173 | +3.5% | 35.5% |
| 12 | First Community Bank | Bluefield, VA | $1,138 | $72.3 | $191 | $361 | +5.5% | 46.3% |
| 13 | FVCbank | Fairfax, VA | $1,095 | $139 | $154 | $217 | -5.6% | 57.7% |
| 14 | Citizens and Farmers Bank | West Point, VA | $1,033 | $199 | $153 | $128 | +7.8% | 47.8% |
| 15 | Blue Ridge Bank, , N.A. | Martinsville, VA | $907 | $83.5 | $208 | $173 | -3.7% | 48.9% |
| 16 | First Bank | Strasburg, VA | $823 | $113 | $131 | $228 | +10.4% | 55.3% |
| 17 | Bank Of Clarke | Berryville, VA | $811 | $84.4 | $33.4 | $330 | +11.8% | 53.9% |
| 18 | Old Dominion National Bank | Charlottesville, VA | $759 | $138 | $117 | $111 | +2.9% | 55.5% |
| 19 | Virginia National Bank | Charlottesville, VA | $650 | $33.1 | $146 | $141 | +1.2% | 52.7% |
| 20 | Trustar Bank | Great Falls, VA | $593 | $171 | $19.5 | $91.1 | +20.9% | 62.4% |
| 21 | Benchmark Community Bank | Kenbridge, VA | $589 | $206 | $37.9 | $121 | +11.8% | 51.6% |
| 22 | Chesapeake Bank | Kilmarnock, VA | $588 | $91.1 | $57.7 | $116 | +21.0% | 52.7% |
| 23 | The National Bank of Blacksburg | Blacksburg, VA | $521 | $72.0 | $143 | $121 | -1.6% | 51.3% |
| 24 | SKYLINE NATIONAL BANK | Independence, VA | $497 | $65.5 | $110 | $145 | +9.0% | 44.8% |
| 25 | Bank of the James | Lynchburg, VA | $417 | $48.3 | $55.8 | $168 | +7.7% | 59.7% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 25 of 56 banks headquartered in Virginia.
Capital One, N.A. leads with $24.1 billion of CRE loans, including $14.0 billion of investor nonfarm nonresidential loans and $6.9 billion of multifamily loans. Atlantic Union Bank and United Bank follow with $15.9 billion and $14.2 billion. Their CRE shares of total loans are 55.4% and 56.7%, compared with 5.3% at Capital One. TowneBank reported $9.0 billion of CRE loans and +22.8% annual growth. Burke & Herbert Bank & Trust Company reported $5.5 billion and +47.4%, the strongest stated growth among the leading banks. Mix also separates the portfolios. United Bank held $3.3 billion in construction and land loans, while Atlantic Union Bank held $4.3 billion in owner occupied loans. Carter Bank & Trust had a 4.54x investor CRE to equity ratio, high relative to many banks in the table, while Capital One reported 0.23x.
Out of state banks with branches in Virginia
| Bank | Headquarters state | Branches in Virginia | Deposits in Virginia ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| Truist Bank | North Carolina | 259 | $49,673 | $51,018 |
| Bank of America, N.A. | North Carolina | 98 | $46,791 | $79,906 |
| Wells Fargo Bank, N.A. | South Dakota | 179 | $40,290 | $121,623 |
| PNC Bank, N.A. | Delaware | 52 | $5,470 | $47,133 |
| Pinnacle Bank | Tennessee | 11 | $4,422 | $36,789 |
| JPMorgan Chase Bank, N.A. | Ohio | 77 | $3,508 | $179,847 |
| First-Citizens Bank & Trust Company | North Carolina | 36 | $2,660 | $38,808 |
| TD Bank, N.A. | Delaware | 18 | $2,463 | $30,408 |
| Citibank, N.A. | South Dakota | 8 | $1,943 | $26,036 |
| Manufacturers and Traders Trust Company | New York | 25 | $1,201 | $34,665 |
| EagleBank | Maryland | 3 | $837 | $4,659 |
| Southern Bank and Trust Company | North Carolina | 10 | $765 | $1,818 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Virginia only; CRE loans are bank wide.
Portfolio evidence can guide a focused lender search
Total CRE loans provide a starting measure of demonstrated appetite and potential hold capacity. A large balance does not establish that a bank will approve a new request, but it shows that commercial real estate is already represented on its balance sheet. The portfolio categories then help refine the search. A borrower seeking multifamily financing may give more weight to reported multifamily balances, while an owner user may focus on owner occupied lending. Annual growth provides another signal: positive growth shows that the reported CRE balance increased year over year, while negative growth shows that it declined.
Concentration adds context to size and growth. A bank with a large CRE share of total loans or a high investor CRE to equity ratio may be selective even when its existing portfolio is substantial. MainStreet Bank, for example, reported $1.6 billion of CRE loans, an 83.5% CRE share of loans and a 4.11x investor CRE to equity ratio. Borrowers should treat the ranking as a screening tool, not a substitute for direct discussions. Bank lending is relationship driven and local, so property location, sponsorship and an existing deposit relationship may affect which institutions are practical candidates.
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Tell Us About Your DealHow BestCRE Capital WorksLoan mix reveals distinct areas of balance sheet activity
The ranked banks collectively held $12.1 billion of construction and land loans, $16.1 billion of multifamily loans, $15.7 billion of owner occupied loans and $45.2 billion of investor nonfarm nonresidential loans. Individual portfolios differ within those categories. Capital One reported the largest stated multifamily balance at $6.9 billion, while United Bank reported $3.3 billion in construction and land loans. Atlantic Union Bank reported $4.3 billion in owner occupied loans. These figures show where loans are currently held, not a commitment to make a new loan in the same category.
Concentration measures how prominent CRE is within a bank rather than how large the bank is in absolute terms. Capital One combined the table’s largest CRE balance with a 5.3% CRE share of loans and a 0.23x investor CRE to equity ratio. Carter Bank & Trust reported $2.6 billion of CRE loans, but its CRE share was 70.5% and its investor CRE to equity ratio was 4.54x. Trustar Bank reported $592.5 million of CRE loans and a 4.65x ratio. Those ratios are high relative to many institutions in the table and can signal that a bank will be selective.
Virginia borrowers have additional bank and nonbank options
Banks headquartered outside Virginia also maintain branches and deposits in the state. Truist Bank had 259 Virginia branches and $49.7 billion of deposits in the state, while its total CRE loans across all states were $51.0 billion. Bank of America, N.A. had 98 branches, $46.8 billion of Virginia deposits and $79.9 billion of total CRE loans. Wells Fargo Bank, N.A. had 179 branches, $40.3 billion of Virginia deposits and $121.6 billion of total CRE loans. These institutions are not included in the headquarters based ranking, but their local presence makes them relevant to a Virginia loan search.
Other branch based options include PNC Bank, N.A., Pinnacle Bank, JPMorgan Chase Bank, N.A., First-Citizens Bank & Trust Company, TD Bank, N.A., Citibank, N.A., Manufacturers and Traders Trust Company, EagleBank, and Southern Bank and Trust Company. Borrowers can also compare debt funds, life companies, CMBS, agency and SBA lenders, none of which appears in bank call reports. Comparing several sources helps borrowers evaluate which lender type fits the property and transaction. The bank ranking supplies balance sheet evidence, while direct lender discussions are needed to establish current interest, pricing and execution requirements.
Frequently Asked Questions
What data does BestCRE use to rank Virginia CRE banks?
BestCRE uses FDIC Call Reports, formally Reports of Condition and Income, with loan balances drawn from schedule RC-C as of June 30, 2026. The ranking orders Virginia headquartered banks by total commercial real estate loans. FDIC Summary of Deposits 2026 information is used separately to identify banks headquartered elsewhere that maintain Virginia branches. The table includes 25 banks with $89.1 billion of CRE loans. Because call reports measure loans held on balance sheets, the ranking does not measure recent originations, current quotes, approval rates or loans secured only by Virginia properties.
What types of loans are included in the CRE balances?
The displayed CRE balance is divided among construction and land, multifamily, owner occupied, and investor nonfarm nonresidential loans reported in schedule RC-C. Across the ranked banks, investor nonfarm nonresidential is the largest stated category at $45.2 billion. Multifamily accounts for $16.1 billion, owner occupied for $15.7 billion and construction and land for $12.1 billion. These categories help a borrower see the composition of an existing portfolio. They do not identify loan terms, collateral quality, property geography or whether a bank is accepting new applications in a category.
Does annual CRE growth show which banks are approving loans now?
No. Annual CRE growth shows the change in a bank’s reported CRE balance year over year, not its current approval activity. Burke & Herbert Bank & Trust Company reported +47.4% growth, TowneBank reported +22.8%, and Chesapeake Bank reported +21.0%. Capital One reported -2.2%, while HSBC Bank USA, N.A. reported -52.4%. Balance changes can identify banks that are adding or reducing reported CRE loans, but call report data does not state whether a particular request will receive consideration. Borrowers still need to contact lenders to confirm present interest in the property type and transaction.
What does the national rank mean for a Virginia bank?
The national rank compares each institution’s total CRE loans with all banks in the FDIC data, not only banks headquartered in Virginia. Capital One, N.A. was national rank 20 with $24.1 billion of CRE loans. Atlantic Union Bank was national rank 32 with $15.9 billion, and United Bank was national rank 36 with $14.2 billion. The broader comparison includes 4,167 banks holding $3.07 trillion of CRE loans. National rank provides scale context, but it does not indicate that a bank lends nationally, has a particular geographic footprint or is currently quoting new transactions.
How should borrowers interpret the benchmark rates shown on the page?
The benchmark rates are market reference points dated Oct 26, 2026, not loan offers from the ranked banks. The Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96%, and Fed funds was 3.88%. Commercial real estate loan pricing may reference a benchmark, but FDIC Call Reports do not disclose the spread, fees or structure a borrower would receive. The benchmarks help establish the rate environment around the research date. Actual pricing must be obtained directly from lenders and compared on a transaction specific basis.
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BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.