Jonesville, VA—The Virginia Bankers Association (VBA) announced the election of new officers for its 2020-2021 board of directors during their Virtual Annual Meeting today. Powell Valley National Bank (PVNB) is honored to announce that Leton L. Harding, Jr. has been elected to serve as Chairman-Elect on the Virginia Bankers Association’s board of directors. Harding will… Read more »
Due to complications arising from the COVID-19 pandemic, over 26 million Americans have recently filed for unemployment benefits (including a record 22 million Americans in the 4 weeks leading up to April 11), and even more are expected to file in the coming weeks. The record-smashing number of filings have slowed down filing websites and… Read more »
The Financial Crimes Enforcement Network (FinCEN) has released an advisory regarding a recent rise in medical scams related to COVID-19. The fraudulent activity centers around fake medical products and services, non-delivery scams, and price gouging of medical items. Fraudulent Medical Products Examples of fraudulent medical products and services related to COVID-19 may include false claims… Read more »
World Password Day is the first Thursday in May every year, and it serves as a great reminder to check in on the strength of all of your passwords. You may already know that it’s a good idea to update the password to your online banking account once every couple of months, but it’s equally… Read more »
Congress’s passage of the CARES Act (Coronavirus Aid, Relief and Economic Security Act) stimulus package on Friday, March 27 is a hopeful sign that our nation will take the necessary steps to mitigate the suffering of the Coronavirus pandemic and set the course for lasting recovery. The $2 trillion emergency stimulus package provides crucial relief… Read more »
Through the U.S. Small Business Administration’s Economic Injury Disaster Loan Program, Small Business Owners are eligible to apply for a low-interest loan due to Coronavirus (COVID-19). This loan is intended to allocate for a sufficient amount of funds to cover 6-months of operating expenses for the small business. Loan Application Process The Small Business Administration has… Read more »
A Message From The Federal Trade Commission Regarding Coronavirus Scams: “As the Coronavirus takes a growing toll on people’s pocketbooks, there are reports that the government will soon be sending money by check or direct deposit to each of us. The details are still being worked out, but there are a few really important things… Read more »
The vulnerability and anxiety spreading alongside the Coronavirus (COVID-19) present an opportunity for cybercriminals. Over the last few weeks, there’s been an increase in social engineering and phishing campaigns targeting Americans, and Coronavirus-themed phishing kits have emerged for sale on the Dark Web. Taking advantage of widespread fear, cybercriminals have launched fake websites made to… Read more »
An update from our President, Chairman, & CEO, Leton Harding, acknowledging the seriousness of the situation, the strength of our region, and the ways PVNB is here to help. “Coronavirus, COVID-19, presents a unique challenge for our Country and Economy. As an institution founded in 1888, having sustained 29 economic recessions and depression, World Wars,… Read more »
The Federal Trade Commission recently released new data about fake check scams. Here’s what we learned: Fake Check Scam Facts Complaints about fake check scams increased 65% since 2015. In 2019, over 27,000 fake check scams were reported resulting in over $28 million in losses. Individual median losses were $1,988. People in their 20’s were… Read more »
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