Which banks are lending on multifamily and commercial real estate in West Virginia?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
41 FDIC-insured banks headquartered in West Virginia with under $100 billion in assets held $2.4 billion of multifamily loans and $12.4 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at Wesbanco Bank Inc and City Nb Of West Virginia. 0.0% of the state's bank CRE sits at banks at or above the 300% monitoring level, tied at rank 39 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the West Virginia data (CSV)
West Virginia bank CRE at a glance
| Measure | West Virginia | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 41 | 4,281 | 31 |
| Multifamily loans | $2.4B | $405.2B | 34 |
| Total CRE loans | $12.4B | $1,600.5B | 39 |
| Multifamily growth, year over year | +5.1% | +3.5% | 30 |
| CRE growth, year over year | +1.6% | +3.4% | 36 (tied) |
| Share of CRE at banks at or above 300% | 0.0% | 25.0% | 39 (tied) |
| Share of CRE at banks at or above 200% | 89.7% | 71.0% | 8 |
| Banks growing multifamily | 4 of 8 (50.0%) | 670 of 1,066 (62.9%) | 36 (tied) |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: West Virginia banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 8 such West Virginia banks with a multifamily book of $25 million or more a year earlier, the 4 whose book is larger now; the rank orders that share.
What stands out in West Virginia
0.0% of West Virginia's bank CRE sits at banks at or above the 300% monitoring level, tied for the lowest of the 43 ranked states (U.S.: 25.0%).
Less of this state's bank CRE sits at banks near their concentration limits, so concentration is less likely to be why a bank here says no.
4 of West Virginia's 8 banks with a multifamily book of $25 million or more a year ago grew it (50.0%), tied for the 6th lowest of the 43 ranked states (U.S.: 62.9%).
Fewer of this state's multifamily lenders are growing their books than nationally, so a borrower here may need to ask more banks, or look past them.
Which West Virginia banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | WESBANCO BANK INC | WHEELING | $1.7B | +5.6% | 267.7% | +56.8%† |
| 2 | CITY NB OF WEST VIRGINIA | CHARLESTON | $232.6M | +4.3% | 205.5% | +19.8% |
| 3 | MVB BANK INC | FAIRMONT | $72.0M | −7.2% | 288.4% | +36.8% |
| 4 | POTOMAC BANK | CHARLES TOWN | $38.9M | −0.9% | 276.1% | +17.9% |
| 5 | CLEAR MOUNTAIN BANK | BRUCETON MILLS | $35.5M | +17.6% | 121.7% | +3.4% |
| 6 | WEST UNION BANK | WEST UNION | $34.3M | +44.1% | 209.3% | +63.8% |
| 7 | PENDLETON COMMUNITY BANK INC | FRANKLIN | $27.7M | −5.5% | 205.6% | −3.9% |
| 8 | HUNTINGTON FSB | HUNTINGTON | $25.9M | +2.8% | 52.7% | +11.9% |
| 9 | PUTNAM COUNTY BANK | HURRICANE | $25.5M | +21.5% | 149.3% | +27.2% |
| 10 | MCNB BANK&TRUST CO | WELCH | $24.7M | −9.7% | 299.7% | +11.6% |
| 11 | JEFFERSON SECURITY BANK | SHEPHERDSTOWN | $24.6M | +9.2% | 209.9% | +16.3% |
| 12 | FIRST EXCHANGE BANK | WHITE HALL | $23.8M | +39.4% | 137.1% | −1.3% |
| 13 | FREEDOM BANK INC | BELINGTON | $16.8M | +736.3%‡ | 239.2% | +355.0%† |
| 14 | CNB BANK INC | BERKELEY SPRINGS | $13.5M | −3.8% | 178.9% | +28.6% |
| 15 | CITIZENS BANK OF WESTON | WESTON | $13.3M | +0.8% | 164.4% | +60.3% |
| 16 | MOUNTAIN VALLEY BANK N A | ELKINS | $12.8M | −0.6% | 96.3% | +14.7% |
| 17 | POCA VALLEY BANK INC | WALTON | $11.1M | −27.8% | 155.8% | +3.4% |
| 18 | GRANT COUNTY BANK | PETERSBURG | $9.4M | −6.9% | 126.8% | +12.8% |
| 19 | COMMUNITY BK OF PARKERSBURG | PARKERSBURG | $8.9M | −1.2% | 135.9% | +11.1% |
| 20 | WILLIAMSTOWN BANK INC | WILLIAMSTOWN | $8.9M | −4.4% | 101.7% | +11.3% |
| 21 | CITIZENS BANK OF WEST VA INC | ELKINS | $6.1M | +104.5%‡ | 84.2% | +115.3%† |
| 22 | PIONEER COMMUNITY BANK INC | IAEGER | $6.0M | +53.9% | 79.2% | +39.3% |
| 23 | GUARANTY BANK INC | WILLIAMSON | $5.5M | +10.2% | 238.6% | +16.7% |
| 24 | BANK OF ROMNEY | ROMNEY | $4.8M | −13.7% | 113.9% | +18.8% |
| 25 | FIRST NB OF WILLIAMSON | WILLIAMSON | $3.3M | −5.7% | 102.8% | +31.7% |
‡ / † 3 of these 25 West Virginia banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. None is headquartered in West Virginia.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every West Virginia bank (CSV)Every state, and the national picture →
What this means if you're a borrower in West Virginia
Concentration is less likely to stand in the way at a West Virginia bank, so the conversation turns on the property, the sponsor and whether the bank wants a loan of your size.
With few West Virginia banks growing their multifamily books, a deal may need capital beyond the state's banks: agency, life-company or debt-fund lenders.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for West Virginia properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any West Virginia bank by name or FDIC certificate number to confirm its headquarters and status.
- West Virginia banks, bank by bank (CSV) — The 41 banks headquartered in West Virginia, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
West Virginia bank CRE: common questions
Which banks in West Virginia hold the most multifamily loans?+
Among banks headquartered in West Virginia with under $100 billion in assets, Wesbanco Bank Inc ($1.7 billion), City Nb Of West Virginia ($232.6 million) and Mvb Bank Inc ($72.0 million) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 25 largest, with each bank's change over the year.
Are West Virginia banks still growing multifamily?+
Like for like, West Virginia's banks grew 5.1% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 4 of the 8 West Virginia banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is West Virginia bank CRE?+
0.0% of the CRE held by West Virginia's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: tied at rank 39 of 43 states, against 25.0% nationally. 89.7% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. None is headquartered in West Virginia. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This West Virginia page reflects the 41 West Virginia banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each West Virginia bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.