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 »









Powell Valley National Bank Announces Special Homebuyer Programs (First Time Homebuyers & Public Service Workers Home Loans)

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 »







Letters From Leton: Y2K (Plus 20)

My how time flies. 20 years ago at this time of year, bankers (including me) were very worried about what would happen when the clock struck midnight on December 31, 1999. We, like many banks, had literally millions of dollars in cash in our vaults. Some customers had taken their funds out of the bank in… Read more »





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Powell Valley National Bank Awarded 5-Star Rating for 47 Consecutive Quarters–Bank’s Strong Rating Continued Through Great Recession

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 »