Month: December 2019

Letters From Leton: Y2K (Plus 20)

My how time flies. 20 years ago at this time of year, bankers (including me) were very worried about what would happen when the clock struck midnight on December 31, 1999. We, like many banks, had literally millions of dollars in cash in our vaults. Some customers had taken their funds out of the bank in… Read more »

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Powell Valley National Bank Awarded 5-Star Rating for 47 Consecutive Quarters–Bank’s Strong Rating Continued Through Great Recession

Jonesville, Virginia — BauerFinancial, Inc. has recognized Powell Valley National Bank (PVNB) as a 5-Star Rated Institution for the last 47 consecutive quarters.  To earn this superior rating, BauerFinancial, Inc. collects financial reports filed by each bank in the U.S. to its federal regulators, and the data contained is subjected to a comprehensive analysis.  A… Read more »

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Vonda Coffey Joins Powell Valley National Bank

JONESVILLE, VA –Powell Valley National Bank (PVNB, Bank) is pleased to announce the addition of Vonda Coffey as Consumer Relationship Manager and Lending Officer 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 Vonda joining the officers and staff… Read more »

Letters From Leton: Big Licks!

This time of year we often hear the term, “a Big Lick”! That often comes to mind when watching a football game and a huge tackle happens. I think about Big Licks when I reminisce about the very large lollipops that my Great Aunt gave me and my sisters at Christmas time. In the 1880s,… Read more »