Month: May 2019

PVNB Kingsport Collecting Donations for Fire Victims

A terrible apartment fire at Aspen Ridge Properties in Kingsport yesterday has displaced several families. Four apartments were destroyed leaving four different families at a complete loss of all of their belongings. They only have the clothes on their back and need everything!

We have coordinated with individuals affected by the fire to offer Powell Valley Bank’s Kingsport location as a collection point for donations. Below is a summary of needs:

UPDATE 6/4/2019:  The families affected by the apartment fire are now in need of gift cards to purchase food and gas.

 

Children’s Needs

  • 6-9 month old girl clothes
  • Anything else for a baby
  • Girls 4T and 5T tops and 3T and 4T bottoms
  • Girls shoes size 7/8 toddler and T 11/12
  • Boys clothes size 7/8
  • Boys shoes size 12 1/2

Women’s Needs

  • Pants sizes from 6/7 to 16
  • Shirts M-XL
  • Shoes 7-9

Men’s Needs

  • Pants 34/32, 36/32, 29/30 and 38/30, M-XL
  • Shirts M-XL
  • Shoes 10, 10.5, and 11

Other Needs

  • Unused toiletries
  • Chargers
  • etc.

We will update the list as more information becomes available. Powell Valley Bank’s Kingsport branch is located at 240 W Center St, in Kingsport, TN. The office is open and accepting donations Monday – Friday 8:30AM – 5:00PM.

Powell Valley National Bank Promotes Jason Laster

Jason Laster Picture

Jonesville, VA–Powell Valley National Bank (PVNB, Bank) is pleased to announce the promotion of Jason Laster to Vice President and Director of Information Technology of the Bank. 

Laster joined PVNB in 2002 and previously held the position of Assistant Vice President and Network Administrator.  Over the years Jason has gained a great deal of experience in many different capacities of Information Technology while most recently specializing in the development and execution of PVNB’s Cybersecurity Program.  He is a Certified Banking Cybersecurity Manager and a Certified Banking Security Technology Professional.  In his new role, Laster will oversee PVNB’s team of information technology professionals and continue to manage the Bank’s cybersecurity program, network, and systems.  Additionally, he will oversee the Bank’s business continuity and disaster recovery programs along with daily activities and administration of PVNB’s information services.

“With over 17 years of information technology experience at our Bank, Jason plays a vital role in protecting PVNB and its future, as we strive to stay on the forefront of operational efficiency and cybersecurity,” says Powell Valley National Bank President and CEO, Leton L. Harding, Jr.  “In today’s society, ensuring data security and identity protection is one of the most important functions of any bank and we are confident that as we continue to expand our footprint throughout the region that with Jason’s leadership our Bank will remain at the forefront of technology, security, and safety.”

Laster is a native of Stickleyville, VA.  He holds an Associate’s Degree in Applied Science in Computer Networking Technology from Mountain Empire Community College.  He and his wife, Amanda, have one son, Easton.   They are members of the Woodway Church of God and reside in Stickleyville, VA.

Letters From Leton: The Frenchman and Aunt Leen Leen

I know what you are thinking. Is this the latest romance novel from a famous author? Or a story of a chance encounter?

No, it is the story of two people born roughly around the same time but worlds apart. They have never met, but they are kindred spirits.

Earlier this month (May 6, 2019), NPR Morning Edition featured a story of a Frenchman who was five years old when the D-Day invasion occurred. He had moved a year earlier from Paris to his grandfather’s home in Normandy since there was little food in Paris. As the American liberators arrived, the young French child learned two English words – Freedom and Hershey’s (Candy Bar)  – kids will be kids.

Fast forward to the mid-80s. The Frenchman is married to an American woman and living here in the United States. He asked his American Father-in-Law about the celebrations for WWII Veterans. He was shocked to learn that while in Normandy each year schools are closed, the French Flag taken down and the U.S. Flag raised, but no celebration occurred here in the U.S. to celebrate D-Day or Victory in Europe (VE Day).

So, he started an annual dinner celebration and invites any WWII Veteran to attend.

A few years before the birth of the Frenchman, a woman was born in Appalachia of modest means. Fast forward many years, and she, as a young lady, is helping to raise her niece. Her niece, as a young child, can’t pronounce her name (Pauline), so she calls her “Aunt Leen Leen”.

Over the years the bond between Aunt Leen Leen and her niece becomes, in many ways, like a surrogate mother with Aunt Leen Leen encouraging and nurturing her (and many others) until her niece’s tragic death in a car accident on May 3rd, 2019.

While the stories of these two people can be construed as being very different, in my mind they are very similar. Two people who care for and cherish others and see the value of people, regardless of relationships or backgrounds.

It is a reminder to us that we too can make a difference that lingers through history.

So thank you Mr. Frenchman and Aunt Leen Leen (my mom) for showing others how to care.

– Leton

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“Letters From Leton” is a blog series comprised of the weekly updates that Leton Harding – President, Chairman, and CEO of Powell Valley National Bank, shares with the Bank’s team members. These newsletters are full of uplifting anecdotes and intriguing insights that are applicable beyond the Bank, so we want to share them with you.

Letters From Leton: Jim Swartz Guest Post

This week I’d like to share a story from Jim Swartz, Vice President and Loan Review Officer:

“Last month I donated blood with Marsh at the Virginia Tech 4/16 blood drive. The Marsh folks reminded me of us. Very friendly, jovial, and got the job done. I had never donated with them before. I’d donated via Johnston Memorial Hospital and Blood Assurance, but today was a first time for me with Marsh Blood.

I mentioned to the nurse as she was checking my vitals before the donation that I was reaching the 10 gallon mark in total donations. We talked a bit about my history with the hospital and then the other blood bank. As I’m sitting on the donation cot, here she comes with a 10-gallon lapel pin! I’d given up on ever getting one….  Sometimes it’s the little things that make you remember something.”

– Jim Swartz

____________________________________________________________________
“Letters From Leton” is a blog series comprised of the weekly updates that Leton Harding – President, Chairman, and CEO of Powell Valley National Bank, shares with the Bank’s team members. These newsletters are full of uplifting anecdotes and intriguing insights that are applicable beyond the Bank, so we want to share them with you.

Powell Valley National Bank Promotes Melody Lovell

Melody Lovell

Jonesville, VA–Powell Valley National Bank (PVNB, Bank) is pleased to announce the promotion of Melody Lovell to Assistant Vice President and Senior Loan Administrator of the Bank. 

Lovell joined PVNB in 2015 as a Commercial Loan Processor in the Wise office.  Throughout her banking career, Melody has had the opportunity to work in several different capacities within the profession.  She is a 2018 graduate of the Wise County and City of Norton Chamber of Commerce leadership development program, Forward Wise County.  Lovell has served on the Habitat for Humanity Board of Directors, and is currently serving on its Family Selection Committee.

“Melody has played an integral role in the growth and development of the processes relative to our commercial loan originations,” says Powell Valley National Bank President and CEO, Leton L. Harding, Jr.  “As our Bank continues to expand its footprint across our region, Melody’s dedication, experience, and integrity will be a very significant contribution to the growth of our commercial lending origination initiatives.”

Lovell is a native of Norton, VA.  She is a 2002 graduate of Mountain Empire Community College with an Associate’s Degree in Business Management.  Melody and her son, Elijah, reside in Norton, VA.   They are members of the Norton First Church of God, where Melody serves as Church Council Secretary.

Letters From Leton: Mission Trip

Each summer our church sends a Mission team out to help others. The past 3 summers, we have sent the mission team to North Carolina to help rebuild a church and homes impacted by a hurricane from a few years back.

After their work, the team comes back and shares special stories of their efforts and the inspirations that came from their work.

I suspect that many of you attend a church or are involved in other groups that do good works for others.

Last month on April 26th, we had our annual shareholders meeting. It is a formal requirement of corporations to have an annual meeting and re-organizational meeting to continue business.

Our annual meeting is a time for us to update the folks who have decided that one of the best usages of their money is as an investment in Powell Valley National Bank.

Economic benefit is most definitely a part of their investment; however, our shareholders believe in our Mission to serve the consumers, businesses, and communities that we are privileged to be a part of.

Most mission trips are planned for a certain time of year, a certain destination. Our Mission Trip happens every day. When we’re at work, every time we speak to a customer at the grocery store or a ballgame, every time we gather in deposits and put them back out into loans.

The Bible says, “Too whom much is given, much is expected.”

Our shareholders entrust us with much, and I am happy to say our “Mission” continues to be a successful one.

– Leton

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“Letters From Leton” is a blog series comprised of the weekly updates that Leton Harding – President, Chairman, and CEO of Powell Valley National Bank, shares with the Bank’s team members. These newsletters are full of uplifting anecdotes and intriguing insights that are applicable beyond the Bank, so we want to share them with you.

Powell Valley National Bank Announces Special Homebuyer Programs

Sold home

Jonesville, VA— Powell Valley National Bank (PVNB, Bank) is pleased to announce its participation with the Federal Home Loan Bank of Atlanta’s First-Time Homebuyer Program and Community Partners Product Program.  The program provides funding assistance to consumers with down-payment proceeds and closing costs associated with a new home purchase.

Buying a home is an important milestone in a person’s life, and Powell Valley National Bank understands that finding the right financing plan is as important as finding the right home.  In helping to form that strong foundation, PVNB can assist first-time homebuyers in accessing matching funds for the down-payment and closing costs associated with a new home purchase.

For every $1 contributed by the borrower towards their new home purchase, the borrower can receive $4 in matching funds, up to a maximum limit of $5,000. Funding is available to qualified first-time homebuyers.

PVNB is also pleased to announce special financing opportunities for current and retired law enforcement officers, educators, healthcare workers, firefighters, and first responders who are purchasing a new home.  Funding is available to assist with down-payment funds, closing costs, and rehabilitation costs incurred when purchasing a new home.  For every $1 that community partners contribute towards a new home purchase, a borrower can receive $4 in matching funds up to a maximum limit of $7,500.

A borrower’s income must be less than or equal to 80 percent of HUD median income for the area and adjusted for family size to be eligible for available funds.

Funds are available on a first-come, first-serve basis.

In addition to meeting income eligibility requirements, homebuyers must also contribute a minimum of $1,250 towards the purchase of a new home, occupy the home for a minimum of (5) years, and complete a homebuyer education and financial literacy course specified by the FHLB Atlanta.