Author: powellva

Recognize and Avoid Business Email Compromise Cyber Threats

Business email compromise (BEC) attacks, also known as email account compromise (EAC) attacks, are on the rise globally. According to the FBI, BEC is one of the most financially damaging online crimes. However, with the proper preventative measures and best practices in place, businesses and individuals can avoid falling victim to business email compromise attacks.… Read more »



Have You Updated Your Smartphone Software? How to Check On iPhone and Android

Is your smartphone running on the latest operating system? It’s important to keep your operating system current because these updates often include critical security patches that are designed to protect your data and devices. Here’s how to find out if you have a software update available on your phone. iPhone On your iPhone, open the… Read more »



Pandemic Fraud Scams Advisory

A recent advisory from the Financial Crimes Enforcement Network (FinCEN) details pandemic-related impostor schemes and money mule scams targeting American consumers. Summarized by PCBB, below are some red flags to be aware of: Contact from an alleged government representative to verify, process, or expedite an individual’s economic impact payment. Receipt of what seems to be a… Read more »



Understanding Your Credit Score

Your credit score is an important component of your financial health. Your credit score (also called a FICO score) is a number calculated based on your credit history. Lenders use your credit score to evaluate your creditworthiness. In other words, lenders use your credit score to determine the probability that you will repay your loan… Read more »



Leton Harding picture

Virginia Bankers Association Elects Leton L. Harding, Jr. as Chairman-Elect to Board

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 »



COVID-19 Unemployment Scams and How To Avoid Them

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 »



COVID-19 Medical Scams and Red Flags to Avoid

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 »





Coronavirus Economic Aid Resources

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 »



SBA Economic Injury Disaster Loans for Coronavirus Related Economic Disruptions

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 »