Kingsport, TN – This month marks the 1-year anniversary of the opening of Powell Valley National Bank’s (PVNB, Bank) full-service office in Kingsport!

We invite you to celebrate with us September 30 – October 4, here’s how:

• Stop by the Kingsport office for daily prize drawings and giveaways!
• Take advantage of a 1.32% APY* 6 Month CD Special in honor of Powell Valley National Bank’s upcoming 132 year anniversary. (Limited Time Offer – Certain Restrictions Apply. See below for full disclaimers.)
• Join us on October 4th at 11am inside the Kingsport office for a hotdog cookout and to enter to win a $1,000 donation to the charity of your choice!

Thanks for a great year!

*APY is current as of 9/10/2019. APY is annual percentage yield. APY assumes all deposited funds will remain on deposit until maturity. $500 minimum deposit required. Deposit must be funds from another financial institution other than Powell Valley National Bank. A penalty will be imposed for early withdrawals. Fees or withdrawals may reduce earnings. Certain limitations apply. Offer subject to end without notice. Rates subject to change.

As summer comes to a close, the first day of school is quickly approaching. This is an exciting time of new beginnings, but it also brings with it new and sometimes unplanned expenses. In fact, average back-to-school spending is increasing year over year, with record highs expected for 2019. However, there are ways to get everything you need for the school year without breaking your bank.

Here are 5 tips for savvy back-to-school shoppers.

1. Make a List

Before you start scrambling to find everything your child needs, create a well-organized list of needs and wants. Many elementary schools have these pre-made lists available, but it can still be helpful to make your own list in a way that’s organized best for you. This can help you stay on track while you’re shopping and avoid unnecessary expenses.

2. Examen What You Already Have

The best way to save money is to not spend money! Compare your supply list to what you already have at home before you buy anything new. Often, leftovers from last year will cover a lot on the list. First place to check: last year’s backpack!

3. Create a Budget

After you’ve created your list and done a sweep of the house to gather everything you already have, set a budget to cover the rest of the list. Go over the budget with your child; back-to-school shopping is a great time to teach children about budgeting and financial concepts. A pre-set budget will help keep you on track, and it can help your child learn how to make financial decisions.

4. Plan a Supply Swap

Planning a supply swap with your child’s classmates is another great way to start saving before you’ve spent any money. Often, you can save by buying in bulk, but you may not need all the supplies you get for buying bulk. If you buy bulk pens and someone else buys bulk folders, you can plan to trade the excess supplies, saving you both money.

5. Check for coupons

Before you head out the door, check your local papers, online, and social media for coupons, special deals, and rewards programs. It’s a good idea to follow some of your favorite retailers on social media like Facebook, Twitter, and Instagram to stay up to date on the latest savings opportunities.

With the school year just around the corner, the time to start preparing is now. Enjoy the rest of your summer and good luck this year! Do you have any back-to-school savings tips? Let us know on Facebook!

Jonesville, VA–Powell Valley National Bank (PVNB, Bank) is pleased to announce the opening of its newest full-service office located at 24495 Lee Highway in Abingdon, Virginia in the Walmart Development shopping area at Interstate 81, Exit 19. 

On Thursday, June 27^th at 5:30 PM, Powell Valley National Bank, in conjunction with the Washington County Virginia Chamber of Commerce, will host a ribbon cutting ceremony to celebrate the opening of the new state-of-the-art facility.

“We are thrilled to open the doors to our new office, and there’s a lot of excitement surrounding the opening,” stated PVNB Market Executive, Sam Neese.  “We have a very highly-trained and veteran staff of community banking professionals working in our new building.  This staff has served the Washington County community with over 313 years of combined community banking experience,” says Neese. 

Leton L. Harding, Jr., President and CEO, also says, “With over 131 years of community banking experience, our Bank’s commitment to community and our legacy of strength and longevity is reflected in the group of talented and caring local bankers that will be serving Washington County, and the surrounding area, in our new office.  Abingdon and Washington County are a vital part of the economy in our region, and the opening of our new full-service facility echoes our commitment and intent to serve our region.”

The new office operating hours are Monday-Thursday 9AM-5PM; Friday, 9AM-6PM, and drive thru hours Monday-Friday 8AM-6PM and Saturday 8AM-1PM.

Jonesville, VA–Powell Valley National Bank (PVNB, Bank) is pleased to announce the promotion of Ashley Hammonds to Assistant Vice President and Commercial Loan Administration. 

Hammonds joined PVNB in 2004 in the Pennington Gap Office.  Over the last 15 years, Ashley has had the opportunity to work in several different departments and capacities across the Bank.  For the last 2 years, Ashley has worked as a Commercial Loan Processor in the Jonesville office.  She is responsible for receiving and processing commercial loan applications and assisting lending officers during the underwriting process including orders for title work and policies, deeds, inspections, appraisals, and payments of fees.  “Ashley’s strong organization and communication skills, combined with her character, dedication, and commitment to customer service support the core values of PVNB.  She is an asset to our loan administration staff and our PVNB team,” stated Powell Valley National Bank President and CEO, Leton L. Harding, Jr.  

Hammonds is a native of Jonesville, VA.  She is a 2008 graduate Mountain Empire Community College and a 2005 graduate of Lee High School.  Ashley and her husband, Josh, have two children, Ellis and Elijah.  They attend First Baptist Church and reside in Jonesville, VA.  

Jonesville, VA–Powell Valley National Bank (PVNB, Bank) is pleased to announce the promotion of Sarah Moore to Assistant Vice President in the Real Estate Department of the Bank. 

Moore joined PVNB in 2015 as a Mortgage Loan Clerk in Jonesville where her responsibilities include managing the real estate loan origination process for its mortgage loan customers.  “Sarah’s character, strong work ethic, dedication, and commitment to customer service support the core values of PVNB.  She has achieved remarkable results in her time with us and we look forward to her continued contribution to our team and the success of our Bank”, says Powell Valley National Bank President and CEO, Leton L. Harding, Jr.  

Moore is a native of Jonesville, VA.  She attended Mountain Empire Community College and is a 2010 graduate of Lee High School.  Sarah and her husband, Justin, are members of Long Hollow Christian Church and reside in Jonesville, VA.