# Davis Trust Company

> Davis Trust Company is an independent community bank based in Elkins, West Virginia, serving households, small businesses and property owners across Randolph County and nearby mountain communities. Founded by Henry Gassaway Davis and open for banking since 1901, it combines deposit accounts, consumer and mortgage lending, commercial finance, trust-related services and digital banking with local underwriting and a compact physical footprint.

- **Founded:** 1901
- **Headquarters:** Elkins, United States
- **Founders:** Henry Gassaway Davis (Founder)
- **Team size:** 42 U.S.-based employees as of December 2025, according to Great Place To Work
- **Products:** Personal deposit accounts, Digital banking, Mortgage and home lending, Personal lending, Business banking
- **Notable:** Reached 125 years of continuous banking operations in 2026., Closed a $5 million SBA 7(a) loan in 2014 that local reporting described as both the bank's largest loan at the time and the largest in the SBA West Virginia district., Expanded from its downtown Elkins office to a second full-service Beverly Pike branch in 2008.

## Products & services

- **Personal deposit accounts** — Checking, savings, money market accounts, certificates of deposit and IRAs, supported by debit cards and online bill payment.
- **Digital banking** — Online and mobile access for transfers, mobile check deposit, account management and bill payment.
- **Mortgage and home lending** — Fixed- and variable-rate mortgages, construction loans, vacation-home loans, home-equity loans and lines, plus VA, FHA and USDA options.
- **Personal lending** — Consumer credit for vehicles, major expenses and other qualified personal needs.
- **Business banking** — Business checking, money-market accounts, certificates of deposit, merchant card processing and related services.
- **Commercial lending** — Working-capital lines, equipment and inventory finance, investment-property loans, owner-occupied commercial mortgages and development finance.

## Achievements

- Reached 125 years of continuous banking operations in 2026.
- Closed a $5 million SBA 7(a) loan in 2014 that local reporting described as both the bank's largest loan at the time and the largest in the SBA West Virginia district.
- Expanded from its downtown Elkins office to a second full-service Beverly Pike branch in 2008.
- Added a Snowshoe loan-production office in 2018 and later a Thomas loan-production office.
- Earned Great Place To Work certification, with 100% of surveyed employees saying it was a great place to work in the December 2025 profile.
- Reported approximately $263.1 million in assets and $203.1 million in deposits in a recent FDIC-derived listing.

## Latest updates

- **2026-06** — Local reporting profiled Greg Morgan's 55 years of service as the bank celebrated its 125th year.
- **2026-03** — Davis Trust donated $12,500 to Interact Children's Museum's Founding 150 Campaign as part of its 125th-anniversary year.
- **2025-12** — Great Place To Work updated its certification profile, listing 42 U.S.-based employees and a 100% positive employee response.
- **2023-01** — Hoy Ferguson became president and chief lending officer, while Rachel Hayes became CEO and CFO following Hugh Hitchcock's retirement.

## Links

- Website: https://www.davistrust.com
- LinkedIn: http://www.linkedin.com/company/davis-trust
- Facebook: https://www.facebook.com/DavisTrustCompany/

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Profile page: https://yespress.io/davis-trust
Published by YesPress — https://yespress.io
Last updated: 2026-08-15