Category: Work

Letters From Leton: March Madness!

March is a crazy month in the mountains. On one hand, you can have 70-degree days with flowers and trees in bloom. On the other hand, you can have massive snowstorms – the March 1993 storm left 36 inches on the ground! It is also the month for the NCAA Basketball Tournament known and promoted… Read more »

Letters From Leton: 276 for 130

Numbers can tell many things. For example, what exactly does 276 for 130 mean anyway? Is it $276.00 for 130 somethings? Or 276 for $130.00? Last Friday we had our Annual Read Virginia day at Wise Primary. At the end of the event, several of our folks stayed behind to hand out books, pencils, coloring… Read more »

IRS Provides New Benefit Plan Limits for 2023

The IRS recently announced benefit plan limit changes for 2023. Many employee benefits are subject to annual dollar limits which are adjusted for inflation each year. However, due to decades-high inflation, many limits were increased more than usual for 2023. Common plans affected are health savings accounts (HSAs), high deductible health plans (HDHPs), and 401(k)… Read more »

Letters From Leton: Twenty-Four Hours

In the early 2000s, 24 was a top-rated TV show. The protagonist, Jack Bauer, was a federal agent whose job usually came down to saving America and protecting the President from attacks and terrorism attempts often involving high explosives (like an atomic bomb). To complicate matters, Jack had to do all of this in 24… Read more »

image of flood water

The Limitations of Flood Insurance | NFIP Policy Restrictions

BY: Steve Bonday, CIC, CBIA, AIPInsurance Sales Flood insurance is not covered by standard homeowners policies. If you’ve been a client of ours (Bankers Insurance) for long, you’ve no doubt heard this before but the point bears repeating. We regularly speak with clients who believe they have coverage under their homeowners policy for damage… Read more »

Amy Mellinger picture

Virginia Bankers Association Selects Amy Mellinger as Chairman of the Emerging Bank Leaders Group

Jonesville, VA—Powell Valley National Bank (PVNB) is pleased to announce that Amy Mellinger, Senior Vice President, Director of Human Resources and Marketing, will serve as Chairman of the Emerging Bank Leaders (EBL) group for the Virginia Bankers Association (VBA) beginning January 1, 2023. As a graduate of the Virginia Bankers School of Bank Management and… Read more »