Jonesville, VA — More than 35,000 public school students and their families from across Virginia will read the same book on the same schedule starting Friday, March 6th, 2020. It’s all part of Virginia Reads One Book — a statewide family literacy program designed to strengthen the educational connection between home and school from Richmond-based… Read more »
Letters From Leton: We Are A 24/7 Bank For Our Customers (Or Are We?)
How much time is in a day? Your phone, watch (if you still wear one), Fitbit all say 24 hours. But we all know that a “day” is really 23 hours 56 minutes and 4.09 seconds don’t we? I have always been fascinated by things like time and its creation of leap year. How is it that… Read more »
Washington County Industrial Development Authority Appoints Jim Swartz to Board of Directors
Jonesville, VA – Powell Valley National Bank (PVB, Bank) is pleased to announce that Jim Swartz, Vice President and Loan Review Officer, has been appointed to the Washington County Industrial Development Authority (IDA) Board of Directors. The Washington County IDA is the primary organization responsible for industrial development within Washington County and supports the… Read more »
Fake Check Scams on the Rise (Especially Among Young Adults) – Avoid Them With These Tips
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 »
Letters From Leton: Unlocking Your Business Gyms!
With the recent tragic accident of the helicopter crash in California, my mind has turned to basketball. As a young fellow, basketball was my sport. I emulated my favorite player, Kareem Abdul Jabbar, and perfected the hook shoot – a shot that allowed me to play against taller players and frustrated my opponents. The perfection… Read more »
Powell Valley National Bank to Participate in VBA Bank Day Scholarship Program
Jonesville, VA – On March 20, Virginia high school seniors will spend the day shadowing bankers at Powell Valley National Bank as a part of Bank Day, a statewide effort sponsored by the Virginia Bankers Association (VBA) Education Foundation and the VBA Emerging Bank Leaders. The purpose of the day is to expose students to… Read more »
Letters From Leton: Does Anybody Know What Time It Is? Does Anybody Really Care?
Last weekend was a “honey do” weekend, with my wife reminding me of little projects that could be undertaken on a cold, football-less weekend in January. Around 3:00 PM on Saturday, my wife notified me that a pole had fallen near our neighbor’s home. The power and WIFI was working, so while curious about the… Read more »
Powell Valley National Bank Announces Special Homebuyer Programs (First Time Homebuyers & Public Service Workers Home Loans)
Jonesville, VA— Powell Valley National Bank (PVB, 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 »
Letters From Leton: Gotta Beat that Competition!
What if we had no (or limited) competition? That is hard to imagine when we think about how many other Banks, Credit Unions, Insurance Companies offering CDs, Investment Brokers, Car Finance Companies and online Fintechs we compete with today. Would you believe me if I told you there was a time when state banking laws… Read more »
Letters From Leton: Five Thousand Three Hundred Some
I recently read an article that talked about the number of banks in the U.S. decreasing from 11,971 to 5,362 since 1995. This article appeared in July 2019, and I have seen a number of announcements (including several in Virginia) since – thus my 5,300 some guesstimate. I would note that when I started working at… Read more »