These banks all reported apartment loans on their most recent federal call report, and all have at least one branch in Virginia. Banks are the most common source of multifamily financing — five units and up, stabilised or value-add — and most lend close to their branches, so a lender with offices near your building is usually a better first call than a bigger name without them. Expect a bank to want recourse and, usually, a banking relationship; the capital guide compares the alternatives.
Banks Based in Virginia, Largest Multifamily Books First
25 of 48 qualifying banks are headquartered in Virginia. These are the lenders whose whole business is this market.
| # | Institution | Multifamily book | Share of investor CRE | Branches in VA | Contact |
|---|---|---|---|---|---|
| 1 | Capital One, National Association | $6.94bn | 30.3% | 21 | Contact available |
| 2 | United Bank (Fairfax, VA) | $2.44bn | 20.3% | 81 | Contact available |
| 3 | Atlantic Union Bank | $2.43bn | 21.0% | 130 | Contact available |
| 4 | TowneBank | $865m | 13.4% | 48 | Contact available |
| 5 | Burke & Herbert Bank & Trust Company | $785m | 18.0% | 40 | Contact available |
| 6 | Carter Bank & Trust | $395m | 16.0% | 51 | Contact available |
| 7 | MainStreet Bank | $242m | 21.1% | 6 | Contact available |
| 8 | Blue Ridge Bank | $208m | 28.3% | 26 | Contact available |
| 9 | First Community Bank (Bluefield, VA) | $191m | 24.5% | 26 | Contact available |
| 10 | FVCbank | $154m | 17.5% | 5 | Contact available |
| 11 | Citizens and Farmers Bank | $153m | 16.9% | 32 | Contact available |
| 12 | Virginia National Bank | $146m | 28.6% | 16 | Contact available |
| 13 | The National Bank of Blacksburg | $143m | 35.7% | 28 | Contact available |
| 14 | Primis Bank | $138m | 16.9% | 26 | Contact available |
| 15 | First Bank (Strasburg, VA) | $131m | 21.9% | 31 | Contact available |
| 16 | Old Dominion National Bank | $117m | 18.0% | 4 | Contact available |
| 17 | Skyline National Bank | $110m | 31.4% | 17 | Contact available |
| 18 | John Marshall Bank | $97m | 8.9% | 6 | Contact available |
| 19 | Locus Bank, Inc. | $90m | 61.6% | 2 | Contact available |
| 20 | The First Bank and Trust Company (Lebanon, VA) | $89m | 8.0% | 24 | Contact available |
| 21 | Chesapeake Bank | $58m | 12.2% | 19 | Contact available |
| 22 | Bank of the James | $56m | 22.4% | 22 | Contact available |
| 23 | New Peoples Bank, Inc. | $51m | 22.2% | 15 | — |
| 24 | First National Bank | $48m | 25.5% | 20 | Contact available |
| 25 | Benchmark Community Bank | $38m | 8.1% | 15 | Contact available |
National Lenders With Branches in Virginia
25 of 44 qualifying banks are headquartered elsewhere but have offices here. The multifamily figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Multifamily book | Share of investor CRE | Branches in VA | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $107.32bn | 64.9% | 78 | Contact available |
| 2 | Wells Fargo | $26.55bn | 25.6% | 179 | Contact available |
| 3 | PNC Real Estate | $14.98bn | 40.8% | 54 | Contact available |
| 4 | Truist | $8.65bn | 26.0% | 259 | Contact available |
| 5 | Bank of America | $8.46bn | 15.3% | 100 | Contact available |
| 6 | Citizens Bank | $8.04bn | 35.0% | 3 | Contact available |
| 7 | M&T Bank | $7.12bn | 29.5% | 25 | Contact available |
| 8 | TD Bank | $6.71bn | 28.5% | 18 | Contact available |
| 9 | Pinnacle Bank (Tennessee) | $4.86bn | 17.8% | 14 | Contact available |
| 10 | First Horizon Bank | $3.72bn | 27.1% | 8 | Contact available |
| 11 | First Citizens Bank | $2.97bn | 13.5% | 35 | Contact available |
| 12 | SouthState Bank | $2.72bn | 13.3% | 7 | Contact available |
| 13 | City National Bank (CA) | $2.70bn | 22.2% | 1 | Contact available |
| 14 | Fulton Bank | $1.56bn | 23.9% | 12 | Contact available |
| 15 | ServisFirst Bank | $1.40bn | 21.0% | 1 | Contact available |
| 16 | First National Bank of Pennsylvania | $885m | 10.2% | 8 | Contact available |
| 17 | EagleBank | $806m | 23.8% | 3 | Contact available |
| 18 | CNB Bank | $625m | 25.6% | 4 | Contact available |
| 19 | Peoples Bank | $470m | 27.3% | 2 | Contact available |
| 20 | Hanmi Bank | $459m | 14.8% | 1 | Contact available |
| 21 | First Carolina Bank | $433m | 24.1% | 1 | Contact available |
| 22 | Dollar Bank | $371m | 15.0% | 13 | Contact available |
| 23 | Shore United Bank | $265m | 12.3% | 2 | Contact available |
| 24 | City National Bank of West Virginia (Charleston, WV) | $233m | 17.0% | 13 | Contact available |
| 25 | Capital Bank | $219m | 19.6% | 1 | Contact available |
What this list is, and what it leaves out
A reported balance is not a credit box. Every bank here held apartment loans on 30 June 2026. That is evidence they lend on multifamily — better evidence than a marketing page, because it is what they actually hold — but it is not a commitment to lend on your deal, at your size, in your submarket.
More lenders exist than this page lists. 92 banks qualified in Virginia. Credit unions, debt funds, agency lenders and life companies also finance apartments and none of them file this report, and plenty of banks lend on multifamily without publishing criteria anywhere. Running your deal through the search covers all of them, not just the banks on this page.
We hold a named lending contact for 87 of them.
Sources. FDIC Call Reports (30 June 2026) and the FDIC Summary of Deposits. A bank appears here if it reported a multifamily balance of $5m or more, or multifamily at 5% or more of its commercial real estate book, and has at least one branch in Virginia. The dual test is deliberate: a flat dollar floor is a bank-size filter in disguise — a $25m floor passes 86.5% of banks over $10bn and 2.2% of banks under $300m — and would drop the community lenders most likely to look at a smaller apartment deal. Multifamily is the call report's own category for loans secured by five-or-more-unit residential property; it excludes one-to-four-unit rentals, which banks report separately. Multifamily book is institution-level and unprorated: no state split of the loan book is published, so a bank lending in several states shows its full multifamily book on every state page where it qualifies. That is why this page separates banks based in Virginia from national lenders with branches here, rather than ranking them against each other on a national figure. Branch counts are offices in Virginia from the Summary of Deposits. Contact availability refers to whether Lender Compass holds a named contact, not to anything the bank publishes.