Powell Valley National Bank Ranked an
Optimal Performer in 2016 by Seifried & Brew
Jonesville, VA- Seifried & Brew, LLC, a community bank consulting and risk management firm, ranks Powell Valley National Bank (PVNB) as a high-performing bank in its prestigious 2016 S&B Top 15th Percentile. This designation is assigned to banks whose overall performance ranks them within the top 15 percent of all community banks in the nation. To receive this distinguished honor, Powell Valley National Bank demonstrated exemplary performance by managing their exposure to risk while maintaining a notable level of reward.
“Being part of the Top 15th Percentile is a great accomplishment…and is no small feat!” says Jamie Sumner, chief analyst of Seifried and Brew, LLC. “In fact, this designation shows that these banks have been able to optimally balance risk and reward throughout 2016.” The ranking is based on the S&B index, which measures individual bank performance and then compares banks across the United States. The banks included in this index have assets between $10 million and $30 billion. The S&B Top 15th Percentile ranking has been released every year since 2011. Whereas other organizations rank bank performance, the S&B composite score takes into consideration both risk and reward. J.C. Brew, president & CEO, continued, “The S&B Top 15th ranking says to bank customers that their bank demonstrates exemplary management and safety as an institution.”
“We are extremely pleased to be recognized as an S&B Optimal Performer,” said Leton Harding, CEO of PVNB. “We have one of the highest capital ratios for banks of any size in the United States which demonstrates our ability and capability to serve the future financial needs of our region. This strength, coupled with our quality staff and management, has led to this wonderful recognition.”
Powell Valley National Bank is a locally owned community bank headquartered in Jonesville, VA with full service offices throughout the region. The Bank, established in 1888, offers a wide range of loan, deposit, and electronic banking and investment services.