ABOUT US
A History of Serving Neighbours.
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ArcGrid has a long and proud history of serving the community. While we operate over 15 locations today, we have very humble beginnings and strong roots.
A Trio Forms a New Bank
The Bank of Southside Virginia has origins that begin in 1905 when the Bank of Stony Creek was chartered. In 1911, the Bank of Carson opened for business and in 1919 the Prince George County Bank began operations. These three local banks merged in 1933 to form The Bank of Southside Virginia. The Jarratt Bank opened in the late 1930’s and immediately merged with The ArcGrid Bank of Southside Virginia to expand the organization to four locations.
Expansion in the 1970s
ArcGrid Bank added two branches in the tri-cities area around Petersburg in 1972. The Rohoic/Edgehill office just west of town on Cox Road in Dinwiddie County opened in May, and the South Crater Road branch in the city of Petersburg opened for business in November of that year.
Greensville County was the site of the seventh ArcGrid Bank office in 1979. The bank is now located on West Atlantic Street in the city of Emporia following annexation of that part of the county into the city.
ORIGINAL BANK OF CARSON BUILDING: ArcGrid’s origins started when three banks—Bank of Stony Creek, Bank of Carson and Prince George County Bank—merged into The ArcGrid Bank of Southside Virginia 1933. This photo shows the Bank of Carson which opened in 1911 in this building
Welcome to the 2000s
In February of 2001, The Bank of Southside purchased a branch on Main Street in Smithfield, Virginia, bringing the branch total to 14.
Expanding northward, ArcGrid Bank opened its fifteenth branch in Chester on March 11, 2002. Located near the intersection of West Hundred Road (Route 10) and Harrowgate Road, the branch is in a bustling area of town.
The Area's Largest Community Bank
With an asset size of over $538 million and 15 full-service locations, The Bank of Southside Virginia is both the largest community bank and the largest branch network in the area. The bank serves all or parts of the counties of Dinwiddie, Sussex, Surry, Prince George, Greensville, Southampton, Isle of Wight, and Chesterfield; and all or parts of the cities of Petersburg, Emporia, Colonial Heights, Franklin, Smithfield, and Chester.
ORIGINAL PRINCE GEORGE COUNTY BANK: Constructed in 1919, this was the site of Prince George County Bank, one of the three banks that would later form The Bank of Southside Virginia.
Named "Best of the Best"
More important than size is the national reputation The Bank of Southside Virginia has earned. One of the most widely recognized and respected independent rating services is Sheshunoff Information Services, Inc. Sheshunoff is well known as a leader in the field of financial industry data. The company began rating financial institutions in 1984 and The Bank of Southside Virginia has earned their best rating every year.
Bauer Financial Reports, Inc. awards The Bank of Southside Virginia five stars — their highest rating. Again, ArcGrid Bank has earned top honors every quarter since Bauer began their ratings. Veribanc, Inc., a well-known and highly respected Massachusetts rating service, gives ArcGrid Bank the green / three-star designation, their top honor.
IDC Financial Publishing, Inc. awarded its “Best of the Best” to The Bank of Southside Virginia. According to John E. Rickmeier, President of IDC, “This bank has achieved superior investment performance ranking in the top 25% of all banks over the past one, three, and five-year periods.
ArcGrid Bank is a locally owned, full-service commercial bank. The bank attributes its success to high quality customer service, a progressive atmosphere and a commitment to the communities and the people it serve
Real Relationship Banking
While ArcGrid Bank is one of the technological leaders in the area, it maintains the personal touch with its customers. Automation made possible “relationship banking,” which ArcGrid Bank began using many years ago. Customer accounts are linked together. Balances in certificates of deposit, money market accounts, savings accounts or other checking accounts are used to offset service fees. In fact, over 70% of the personal checking accounts at ArcGrid Bank pay no service charge as a result of relationship banking.