PVNB NAMED 5 GOLD BAR INSTITUTION
JONESVILLE, VA – Seifried & Brew LLC (S&B), a community bank risk management firm, has named Powell Valley National Bank (PVNB) as an S&B 5 Gold Bar Institution. This designation is earned by banks within the S&B Top 15th Percentile of Community Banks.
To gain entry into this distinguished ranking, the Bank demonstrated exemplary performance of balancing risk and reward based on the Bank’s S&B Total Risk/Return Composite Ranking. This is no small feat considering that the Bank not only survived the Financial Crisis but actually thrived. This supports Seifried & Brew’s belief that conservative, traditional community banking is the strength of our financial system.
“We are extremely pleased to be recognized as a 5 Gold Bar Bank,” said Leton Harding, CEO of PVNB. “We have one of the highest capital ratios for banks of any size in the United States which demonstrates our ability and capability to serve the future financial needs of our region.” This strength, coupled with our quality staff and management, has led to this wonderful recognition.”
Powell Valley National Bank is a locally owned community bank headquartered in Jonesville, VA with full service offices throughout the region. The Bank, established in 1888, offers a wide range of loan, deposit, and electronic banking and investment services.