Month: February 2018

Powell Valley National Bank Purchases Kingsport Facility

JONESVILLE, VA—Powell Valley National Bank (PVNB, Bank) is pleased to announce its recent purchase with plans to pursue opening a new full service office in Kingsport, Tennessee pending regulatory approval.

In 2014, PVNB opened a loan production office in Downtown Kingsport on Broad Street to service loan customers in the Greater Kingsport, Sullivan County, and Hawkins County areas. After 3 years of business in the market, Powell Valley National Bank decided to expand its presence with the purchase of a former bank building located at 240 West Center Street. The building, constructed in 1959, is a landmark in Downtown Kingsport. While preserving the exterior of this institution, the Bank contracted GRC Construction and Cain Rash West Architects to renovate the historic building, and construction and improvements are currently underway. PVNB anticipates the office opening in the summer of 2018. The new office will feature a full-service, state of the art facility including a drive thru and ATM machine, and fully staffed team of experienced banking professionals.

“With this new office, we are pleased to expand our presence in the Greater Kingsport area to provide a full range of consumer and commercial banking services for individuals and businesses in the area while integrating innovative technology with a personal touch,” said Leton L. Harding, Jr., CEO of Powell Valley National Bank. “For 130 years Powell Valley National Bank has been supporting our region and our heritage. Choosing to invest in a permanent and convenient, full-service location affirms our dedication to the community in both Kingsport and the Greater Sullivan County and Hawkins County area.”

PVNB’s loan production office located at 217 Broad Street Suite 102 will continue to serve loan customers until the new office opens.

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