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 »
LEE COUNTY BANKS MODIFY DAILY OPERATIONS LOBBIES OPEN BY APPOINTMENT DRIVE UP, ATM AND NIGHT DROP REMAIN FULLY OPEN March 19, 2020 Today Farmers and Miners Bank, Lee Bank and Trust Company and Powell Valley National Bank have jointly announced that they will modify their Bank Lobby operations to be on an appointment only basis.… 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 »
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… Read more »
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 »
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 »
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