Powell Valley National Bank shows us how important experienced financial service is. Not only that, this bank has become a shelter for daily banking.
Interestingly, they always give priority to their loyal customers and make them happy all the time. For clients, this bank increases its range of services like paying bills, viewing statements, etc. Every client of this bank knows how best this bank is for 24 x 7 banking services.
We considered this bank as a topic to discuss that can enlighten your general banking knowledge in different ways. Let’s jump into the deep and dig out more interesting details of this bank.
What Is Powell Valley National Bank?
Indeed, locally-owned community banks are still struggling to make a road to success. But Powell Valley National Bank reached a milestone.
This locally owned community bank has been operating general banking services since 1888. They are serving people as the old bank.
It has so many branches in Jonesville, Big Stone Gap, Duffield, Wise, Pennington Gap, Abingdon, VA, and Kingsport, TN. They have everything in their arsenal to make their customers happy.
What are the Major Skills of this Bank?
Every bank is skilled for specific services. After deep research, we also found the same for this bank. Here they are.
- General Banking
- Skilled in Management
- Risk Management
- Financial Analysis
- Commercial Banking
- Public Speaking
- Community Services
We tried to give our best shot to reflect their current financial status in this table below.
|FDIC Certificate||# 6863|
|Deposits||$ 349.77 Million|
|Capital||$ 42.05 Million|
What Types of Financial Product Does It Offer To Us?
As one of the oldest banks, this one offers different types of products that are suitable for every type of client in different needs and these are:
- Checking Accounts
- Instant Issue and Personalized Debit Cards
- Credit Cards
- Savings Accounts
- Personal Investments
- Mortgage Loans
- Personal Loans
- Business Checking
- Business Credit Cards
- Payroll Protection Program
- Loan Forgiveness
- Commercial Lending
- Agricultural Loans
- Business Online Banking Services
- ACH Services
- Remote Deposit Capture
- Online Banking
- Online Bill Pay
- PVB Mobile Banking
- Notifi SecureALerts
What Is The Deposit Rate?
Based on the rate, consumers will choose which product is best for them and which one is not. Let’s take a quick look at the different financial products of this bank and the current rate.
Savings and Money Market Rates:
|6 Mo CD||0.65%||$10000||$14999|
|6 Mo CD||0.65%||$100000||$199999|
|12 Mo CD||0.75%||$10000||$14999|
|12 Mo CD||0.75%||$100000||$199999|
|18 Mo CD||0.90%||$10000||$14999|
|18 Mo CD||0.90%||$100000||$199999|
|24 Mo CD||1.00%||$10000||$14999|
|24 Mo CD||1.00%||$100000||$199999|
|30 Mo CD||1.10%||$10000||$14999|
|30 Mo CD||1.10%||$100000||$199999|
|36 Mo CD||1.15%||$10000||$14999|
|36 Mo CD||1.15%||$100000||$199999|
|48 Mo CD||1.20%||$10000||$14999|
|48 Mo CD||1.20%||$100000||$199999|
Fixed IRA Rates:
Int. Checking Rates:
Comparison of Rates:
It’s time to compare the rate with the rate of other banks. Then it will be clear to you, the products of this bank, especially CD, Savings, and Mortgage are best for you not.
|Notable Rates||APY||Vs. Others|
|1 Year CD||0.75%||0.70%|
|2 Year CD||1.00%||0.75%|
|5 Year CD||1.30%||1.15%|
|30 Year Mortgage||N/A||2.72%|
|15 Year Mortgage||N/A||2.36%|
What Is The Working Time of Powell Valley National Bank?
It’s important to know the exact opening and closing hours of every branch of this bank to get the service in time. The following are the times you are looking for.
- Monday (9.00 AM – 4.00 PM)
- Tuesday (9.00 AM – 4.00 PM)
- Wednesday (9.00 AM – 4.00 PM)
- Thursday (9.00 AM – 4.00 PM)
- Friday (9.00 AM – 6.00 PM)
- Saturday (Closed)
- Sunday (Closed)
Frequently Asked Question:
It’s a service where the authorized bank offers the ultimate service on demand. It provides banking information and transaction service. In many ways, mobile banking is possible like using text messaging, Mobile Web (internet) access, or downloading authorized applications.
Using your mobile phone or web access there are few facilities you can enjoy. View account balances View recent transactions, view pending transactions, receive text alerts on banking transactions, transfer funds between accounts, pay bills from your mobile phone are the main services you can get.
PVNB mobile allows their client to use only four types of services and these are checking, savings, CDs, and Loans.
We always feel energetic to talk about a successful community bank like Power Valley National bank. They earned a reputation as a 5-star rated institution for the last 47 consecutive quarters. It’s amazing! Isn’t it?
This success was possible only for their dedication to the organization as well as the consumer. Their financial report reflects why they are the best in the business. They have every type of financial product that we need all the time.
Over time this bank became another name for better banking. If you need to make your banking experience better than ever, then this bank could be your ultimate choice.