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 »
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 »
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 »
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 »