Bank Branches › Virginia › Covington city
Banks in Covington city, Virginia
Covington city has 4 bank offices, 2 fewer than its peak of 6 in 2016 (−33%). They belong to 4 banks, led by Truist Bank with 1.
4
offices, 2026
6
peak (2016)
3
no longer reported
$372M
deposits booked
Map
open (4)no longer reported (3)
The county's passbook
Bank offices reporting on June 30Deposits booked at them (nominal dollars, own scale)
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994 | 3 | $209M | |
| Jun 30 1995 | 3 | · | $213M |
| Jun 30 2000 | 5 | · | $238M |
| Jun 30 2005 | 4 | · | $205M |
| Jun 30 2010 | 5 | · | $229M |
| Jun 30 2015 | 5 | · | $201M |
| Jun 30 2016PEAK | 6 | +1 | $317M |
| Jun 30 2020 | 5 | · | $345M |
| Jun 30 2025 | 4 | · | $385M |
| Jun 30 2026NOW | 4 | · | $372M |
Open the full passbook — all 33 years ▾
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994 | 3 | $209M | |
| Jun 30 1995 | 3 | · | $213M |
| Jun 30 1996 | 3 | · | $233M |
| Jun 30 1997 | 3 | · | $228M |
| Jun 30 1998 | 4 | +1 | $235M |
| Jun 30 1999 | 5 | +1 | $239M |
| Jun 30 2000 | 5 | · | $238M |
| Jun 30 2001 | 4 | −1 | $227M |
| Jun 30 2002 | 5 | +1 | $245M |
| Jun 30 2003 | 4 | −1 | $233M |
| Jun 30 2004 | 4 | · | $206M |
| Jun 30 2005 | 4 | · | $205M |
| Jun 30 2006 | 4 | · | $218M |
| Jun 30 2007 | 5 | +1 | $249M |
| Jun 30 2008 | 5 | · | $243M |
| Jun 30 2009 | 5 | · | $233M |
| Jun 30 2010 | 5 | · | $229M |
| Jun 30 2011 | 5 | · | $218M |
| Jun 30 2012 | 5 | · | $213M |
| Jun 30 2013 | 5 | · | $208M |
| Jun 30 2014 | 5 | · | $203M |
| Jun 30 2015 | 5 | · | $201M |
| Jun 30 2016PEAK | 6 | +1 | $317M |
| Jun 30 2017 | 6 | · | $311M |
| Jun 30 2018 | 5 | −1 | $312M |
| Jun 30 2019 | 5 | · | $321M |
| Jun 30 2020 | 5 | · | $345M |
| Jun 30 2021 | 5 | · | $363M |
| Jun 30 2022 | 5 | · | $407M |
| Jun 30 2023 | 4 | −1 | $358M |
| Jun 30 2024 | 4 | · | $370M |
| Jun 30 2025 | 4 | · | $385M |
| Jun 30 2026NOW | 4 | · | $372M |
Banks in Covington city
| Bank | Offices | Deposits here |
|---|---|---|
| Truist Bank | 1 | $110M |
| Peoples Bank | 1 | $53.1M |
| Highlands Community Bank | 1 | $124M |
| Atlantic Union Bank | 1 | $84.7M |
Every bank office open in Covington city
| Bank | Address | Deposits |
|---|---|---|
| Highlands Community Bank | 307 Thacker AveCovington 24426 | $124M |
| Truist BankSouth Craig Avenue Branch | 1201 S Craig AveCovington 24426 | $110M |
| Atlantic Union BankCovington Branch | 450 W Main StCovington 24426 | $84.7M |
| Peoples BankCovington Branch | 151 N Court AveCovington 24426 | $53.1M |
Sorted by deposits booked on June 30, 2026. "Opened" is the establishment date in the FDIC record.
Offices no longer reported
Offices in Covington city that filed a report in some year from 1994 on and are missing from 2026. Most closed; some were sold to non-banks or converted. Newest departures first.
| Last bank on the sign | Address | Last report |
|---|---|---|
| Wells Fargo Bank, National Association | 246 West Main StreetCovington 24426 | 2022 |
| Branch Banking and Trust Company | 116 West Riverside StreetCovington 24426 | 2017 |
| First Virginia Bank-Southwestre-filed as office 431499 | 450 West Main StreetCovington 24426 | 2003 |
| First Virginia Bank-Southwest | 313 West Thacker DrCovington 24426 · Full-service retail office | 2002 |
County FIPS 51580 · 5 square miles of land (2024 Census Gazetteer).