Banker Steel

Banker Steel

Beaming with Integrity

With its headquarters firmly rooted in Lynchburg for close to 30 years, Banker Steel has become a nation-leading, integrity-driven steel fabrication company. It has become one of several metalworking companies to thrive in the area, thanks to the region’s ample water supply for cooling processes and specialized training programs at local community colleges that equip workers with essential industry skills.

500

Employed at Banker Steel Across the U.S.

Banker Steel
45,000

Ton Annual Operational Capacity

Banker Steel
33,000

Tons of Steel Fabricated by Banker Steel for One World Trade

Global Newswire, 2024

Beginning Banker Steel in 1997, here in Lynchburg, we have been able to build our company into one of the largest commercial steel fabrication and erection companies in the country. The city and the community have been behind our growth which continues to this day. Lynchburg is a great place to do business and has been key to our ongoing success.

Chet McPhatter
President | Banker Steel

A High Rise in Steel Manufacturing

Founded in Lynchburg, Virginia, in 1997, Banker Steel has grown into one of the nation’s leading structural steel fabrication companies. With over 500 dedicated employees and four fabrication locations — including two in Lynchburg — the company’s success is deeply rooted in the region.

Their 45,000-ton annual operational capacity underscores their expertise in crafting complex commercial structures, particularly for the bustling East Coast markets of New York, Boston, and Philadelphia.

Innovation and Excellence in Structural Steel

Banker Steel has distinguished itself through a commitment to innovation and quality. Their early design suggestions have become so integral to the process that they are often incorporated into the New York City Department of Buildings permit issuance process before contract awards are even made. Utilizing best-in-class technology, Banker Steel ensures that every project meets the highest standards of precision and safety. Their emphasis on safety is evident in daily shop huddles, mentorship programs, and cutting-edge virtual reality simulator training, setting a benchmark for the industry.

Landmark Achievements on the National Stage

Banker Steel’s steel is the backbone of some of America’s most iconic structures. In 2013, their steel was used in the foundation of One World Trade Center, a symbol of resilience and renewal. In 2024, Banker Steel, alongside its parent company DBM Global, completed the construction of JFK International Airport’s New Terminal One Headhouse. This 300,000-square-foot renovated retail and dining space required the fabrication of 33,000 tons of structural steel, showcasing the company’s unmatched capability and expertise.

The Lynchburg Region: Built for Capacity

The Lynchburg region’s strong concentration of steel and metal manufacturing companies — over four times the national average — provides a robust support network for companies like Banker Steel. Lynchburg’s ample water supply is crucial for the cooling and metal-making processes, ensuring that manufacturers have the resources they need to thrive.

Additionally, Virginia’s status as a right-to-work state creates a favorable labor environment. Central Virginia Community College supports this industry with specialized training programs, including a two-year degree program in machine tool & quality and a certificate in welding technology, ensuring a steady pipeline of skilled talent.

For nearly three decades, Banker Steel has found an abundance of skilled talent in the Lynchburg region, a testament to the area’s strong industrial base and commitment to workforce development. As Banker Steel continues to forge the future of structural steel, the Lynchburg region stands alongside it—an integral partner in a shared story of growth, innovation, and success.

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