Month: August 2016

Bank Named 5 Gold Bar Institution

Seifried and Brew Top 15th PerformerPVNB NAMED 5 GOLD BAR INSTITUTION

JONESVILLE, VA – Seifried & Brew LLC (S&B), a community bank risk management firm, has named Powell Valley National Bank (PVNB) as an S&B 5 Gold Bar Institution. This designation is earned by banks within the S&B Top 15th Percentile of Community Banks.

To gain entry into this distinguished ranking, the Bank demonstrated exemplary performance of balancing risk and reward based on the Bank’s S&B Total Risk/Return Composite Ranking. This is no small feat considering that the Bank not only survived the Financial Crisis but actually thrived. This supports Seifried & Brew’s belief that conservative, traditional community banking is the strength of our financial system.

“We are extremely pleased to be recognized as a 5 Gold Bar Bank,” said Leton Harding, CEO of PVNB. “We have one of the highest capital ratios for banks of any size in the United States which demonstrates our ability and capability to serve the future financial needs of our region.”  This strength, coupled with our quality staff and management, has led to this wonderful recognition.”

Powell Valley National Bank is a locally owned community bank headquartered in Jonesville, VA with full service offices throughout the region. The Bank, established in 1888, offers a wide range of loan, deposit, and electronic banking and investment services.

Buford Ervin Joins Bank

Buford Ervin - August 2016PVNB Announces Buford Ervin Joins Bank

Jonesville, VA–Powell Valley National Bank (PVNB, Bank) is pleased to announce that Buford Ervin has joined the Bank as a Business Development Officer.  His primary office locations will be the Duffield, Virginia and Kingsport, Tennessee Offices.

“We are very excited to have Buford Ervin join the officers and staff of PVNB”, said Leton L. Harding, Jr., CEO of PVNB. “Buford has a long and extensive history of serving the region. He brings a wealth of experience to our Bank in meeting the Loan, Deposit and Financial Services needs of the communities we serve, and has a strong reputation for community and customer service.”

Ervin is a native of Scott County, VA, and graduate of East Tennessee State University.  He has nearly 46 years of financial industry experience, most recently with Highlands Union Bank in Abingdon, Virginia.

Ervin is a former president of the Lee-Wise-Scott Bankers Association, past president of the Scott County Chamber of Commerce, and past Treasurer and former president of the Rotary Club of Scott County.  Buford and his wife, Wanda, reside in Weber City, VA.

Powell Valley National Bank is a locally owned community bank headquartered in Jonesville, VA with full service offices throughout the region. The Bank, established in 1888, offers a wide range of loan, deposit, and electronic banking and investment services.