Month: October 2018

Brent Mullins Joins Powell Valley National Bank

Jonesville, VirginiaPowell Valley National Bank (PVNB, Bank) is pleased to announce the addition of Brent Mullins as Vice President and Office Manager of the Bank’s office in Downtown Kingsport located at 240 West Center Street.

“We are extremely proud to have a professional community banker such as Brent Mullins joining the officers and staff of Powell Valley National Bank,” said Ted Fields, Market Executive for PVNB.  “Brent’s many years of excellent and caring customer service reflect the commitment of our Bank to the needs of Kingsport and the greater community.”

Powell Valley National Bank President and CEO, Leton Harding, also shared, “The addition of Brent Mullins to PVNB’s team continues the expansion of dedicated officers and staff to support the banking and financial needs of Kingsport and its surrounding communities.”

Mullins has over 20 years of banking and financial experience in the Kingsport and Greater Tri-Cities region, where he served 9 of those years as Vice President and Financial Center Manager for TriSummit Bank.  Brent has supported the community and the banking industry through numerous civic and professional appointments, volunteer hours, and accomplishments during his career including United Way of Greater Kingsport Campaign Cabinet, Junior Achievement, Big Brothers and Big Sisters, Optimist Club, and the East Hawkins County Chamber of Commerce.

Brent is a native of Church Hill, TN.  He is a graduate of King University.   He and his wife, Amanda, have two children, Aedyn and Ethan.  They attend Hope Community church and reside in Church Hill, Tennessee.

Powell Valley National Bank Breaks Ground on New Office in Abingdon

Picture of Abingdon Groundbreaking Ceremony

Jonesville, Virginia Powell Valley National Bank (PVNB, Bank) is pleased to announce the beginning of work on its newest office to be located at 16032 Fifteen Mile Boulevard in Abingdon, VA.

“We are extremely excited to begin work on our latest, state of the art office facility,” said Sam Neese, Market Executive for PVNB.  “The support and interest in our Company continues to grow in response to our wonderful and caring staff, and competitive banking and financial services.  The establishment of a full-service office is a direct response to the reception we have received in Abingdon and surrounding areas.”

Powell Valley National Bank President and CEO, Leton Harding, also shared, “Abingdon and Washington County are a vital part of the economy in our region.  The establishment of our full-service office reflects our intent and commitment to support the region with caring and talented bankers.”

The new PVNB Abingdon office is anticipated to open in late Spring 2019.  The Bank currently has a loan production office located at 988 West Main Street in Abingdon to support the general loan and financial needs of the community until the opening of the new full-service office.

7 Tips to Protect Your Identity

Identity theft continues to be one of the fastest growing crimes in the United States. In 2017, there were 16.7 million victims of identity fraud in the U.S., according to Javelin Strategy and Research. Powell Valley National Bank recommends following these tips to keep your information – and your money – safe.

 

  1. Don’t share your secrets.

Don’t provide your Social Security number or account information to anyone who contacts you online or over the phone. Protect your PINs and passwords, and do not share them with anyone. Use a combination of letters and numbers for your passwords and change them periodically. Do not reveal sensitive or personal information on social networking sites.

 

  1. Shred sensitive papers.

Shred receipts, banks statements, and unused credit card offers before throwing them away.

 

  1. Keep an eye out for missing mail.

Fraudsters look for monthly bank or credit card statements or other mail containing your financial information. Consider enrolling in online banking to reduce the likelihood of paper statements being stolen. Also, don’t mail bills from your own mailbox with the flag up.

 

  1. Use online/mobile banking to protect yourself.

Monitor your financial accounts regularly for fraudulent transactions. Sign up for text alerts from Powell Valley National Bank for certain types of transactions.

 

  1. Protect your computer.

Make sure the virus protection software on your computer is active and up to date. When conducting business online, make sure your browser’s padlock or key icon is active. Also look for an “s” after the “http” to be sure the website is secure.

 

  1. Protect your mobile device.

Use the passcode lock on your smartphone and other devices. This will make it more difficult for thieves to access your information if your device is lost or stolen. Before you donate, sell or trade your mobile device, be sure to wipe it using specialized software or using the manufacturer’s recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen. Use caution when downloading apps, as they may contain malware, and avoid opening links and attachments – especially from senders you don’t know.

 

  1. Report any suspected fraud to your bank immediately.

 

If you have questions about keeping your accounts safe, contact Powell Valley National Bank via the contact form below:

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5 Ways to Protect Your Small Business from Account Fraud

Business Banking

Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable. Powell Valley National Bank recommends following these tips to keep your small business safe.

 

  1. Educate your employees. You and your employees are the first line of defense against corporate account takeover. A strong security program paired with employee education about the warning signs, safe practices, and responses to a suspected takeover are essential to protecting your company and customers.

 

  1. Protect your online environment. It is important to protect your cyber environment just as you would your cash and physical location. Do not use unprotected internet connections. Encrypt sensitive data and keep updated virus protections on your computer. Use complex passwords and change them periodically.

 

  1. Partner with your bank to prevent unauthorized transactions. Talk to us about programs that safeguard you from unauthorized transactions. We have services that offer call backs, device authentication, multi-person approval processes, and batch limits help protect you from fraud.

 

  1. Pay attention to suspicious activity and react quickly. Look out for unexplained account or network activity, pop-ups, and suspicious emails. If detected, immediately contact your financial institution, stop all online activity, and remove any systems that may have been compromised. Keep records of what happened.

 

  1. Understand your responsibilities and liabilities. The account agreement with your bank will detail what commercially reasonable security measures are required in your business. It is critical that you understand and implement the security safeguards in the agreement. If you don’t, you could be liable for losses resulting from a takeover. Contact us if you have any questions about your responsibilities.

 

If you have questions about business banking, contact Powell Valley National Bank via the contact form below:

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