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 »
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 »
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 »
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 »
Scouring through the various sites that list ideas for Christmas, I came across an article about technology products. Not unusual in itself given tech in our lives. What surprised me about this article is that it was a list of fairly recent tech that we used to buy – but do not anymore! There on… Read more »
Jonesville, Virginia — BauerFinancial, Inc. has recognized Powell Valley National Bank (PVB) 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 (PVB, 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 »
Well, we are entering the home stretch to the holidays. Less than two weeks to Christmas! Some of you have likely finished shopping (my wife has). Some of you have not (me). During this time it can be easy for us to focus on things. Now, that is ok and just a part of the… Read more »
This time of year we often hear the term, “a Big Lick”! That often comes to mind when watching a football game and a huge tackle happens. I think about Big Licks when I reminisce about the very large lollipops that my Great Aunt gave me and my sisters at Christmas time. In the 1880s,… Read more »
A credit card skimmer is a portable device that attaches on top or in front of a legitimate scanner. The skimmer passively records your card data when you insert your card in the real scanner. Card thieves often temporarily attach these skimmers to gas pumps or ATMs. Check out the tips below and exercise caution… Read more »