The IRS recently announced benefit plan limit changes for 2023. Many employee benefits are subject to annual dollar limits which are adjusted for inflation each year. However, due to decades-high inflation, many limits were increased more than usual for 2023. Common plans affected are health savings accounts (HSAs), high deductible health plans (HDHPs), and 401(k)… Read more »
BY: Steve Bonday, CIC, CBIA, AIPInsurance Sales Executivesbonday@bankersinsurance.net Flood insurance is not covered by standard homeowners policies. If you’ve been a client of ours (Bankers Insurance) for long, you’ve no doubt heard this before but the point bears repeating. We regularly speak with clients who believe they have coverage under their homeowners policy for damage… Read more »
When supporting a cause you care about, you want to make sure your donation goes as far as possible. Before giving, do some research to ensure your gifts go where they’ll do the most good. 1. Research Online If you aren’t already familiar with a good charity to support, start with some Google searches. Simply… Read more »
Cyber Monday is one of the biggest online shopping days of the year, and while people are busy online shopping for gifts, fraudsters are seizing the opportunity to scam them out of their money. So, take these precautions as you shop this year to help protect your money and information. Top 10 Fraud Alert Tips… Read more »
Jonesville, Virginia–Powell Valley National Bank (PVNB, Bank) is pleased to announce the appointment of industry veteran, Robert C. “Chip” Glover, as Senior Vice President and Chief Banking Officer retained to serve the citizens of Southwest Virginia and Northeast Tennessee, as the bank enhances its products and services offerings. “We are extremely proud to have an… Read more »
Jonesville, Virginia–Powell Valley National Bank (PVNB, Bank) is pleased to announce the appointment of Philip Deel as Vice President and Loan Officer of the bank’s office in Abingdon, Virginia to serve the citizens of Southwest Virginia and Northeast Tennessee. “We are extremely proud to have a professional community banker such as Philip Deel joining the… Read more »
Without technology, businesses and consumers would not have been able to stay connected amidst the global pandemic, Covid-19. At the same time, heavier reliance on interconnected systems opens businesses and consumers up to increased cyber security risks. On top of that, looming warnings of Russian cyberthreats mean that small and medium-sized businesses (SMBs) need to… Read more »
In participation with the Federal Home Loan Bank of Atlanta’s First-Time Homebuyer Program and Community Partners Product Program, Powell Valley National Bank is helping consumers access funding assistance for down-payment proceeds and closing costs associated with a new home purchase. First-Time Homebuyer Buying your first home is an important milestone in your life. Here at… Read more »
Jonesville, VA—Powell Valley National Bank (PVNB) is pleased to announce that Amy Mellinger, Senior Vice President, Director of Human Resources and Marketing, has been selected as Vice Chairman Elect of the Emerging Bank Leaders (EBL) group for the Virginia Bankers Association (VBA). Mellinger’s term will begin January 1, 2022. She will become Chairman on January… Read more »
It’s that MERRY time of year again! This year, we have a special mailbox for letters to Santa at 6 of our offices! – Big Stone Gap, Jonesville, Pennington Gap, Duffield, Abingdon and Wise. Santa will personally respond to every child who sends a letter through one of these mailboxes! Children accompanied by an adult… Read more »
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