Powell Valley National Bank was established in 1888 in Jonesville, Virginia. With bank headquarters remaining in Jonesville, Powell Valley National Bank has opened branches in Pennington Gap, Wise, Big Stone Gap, and Duffield over the years. In 2014, Powell Valley Bankshares, Inc.created an affiliate, Powell Valley Investment Services, offering securities through Infinex Investments, Inc. Powell Valley National Bank also opened a loan production office in Kingsport, TN the same year. With over 125 years of community banking experience, Powell Valley National Bank is the oldest bank in far Southwest Virginia and the 5th oldest bank in Virginia. The bank has prospered through 27 economic recessions, and continues to have one of the strongest capital ratios in the United States. According to the most recent FDIC deposit reports, Powell Valley National Bank is #1 in market deposit share for the Lee, Scott, and Wise county region.
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