powell valley national bank

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.

Picture: PVB

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.

Homepage of the website
Picture: Homepage of the website

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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

Current Status:

We tried to give our best shot to reflect their current financial status in this table below.

FDIC InsuredYes
FDIC Certificate# 6863
Date Established1888
Assets$359.39 Million
Loans$242.26 Million
Deposits$ 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:

Personal Banking


  • Checking Accounts
  • Instant Issue and Personalized Debit Cards
  • Credit Cards      


  • Savings Accounts
  • Personal Investments


  • Mortgage Loans
  • Personal Loans

Business Banking


  • Business Checking
  • Accounts
  • Business Credit Cards    


  • Payroll Protection Program
  • Loan Forgiveness
  • Commercial Lending
  • Agricultural Loans



  • Business Online Banking Services
  • ACH Services
  • Remote Deposit Capture

Convenience Services

Online Banking

  • Online Banking
  • Online Bill Pay
  • Popmoney

Mobile Banking

  • MobiMoney
  • PVB Mobile Banking
  • Notifi SecureALerts
Different product means different services
Picture: Different product means different services

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:

Money Market0.10%$2500$2999
Money Market0.10%$10000$14999
Money Market0.10%$25000$29999

CD Rates:

6 Mo CD0.65%$10000$14999
6 Mo CD0.65%$100000$199999
12 Mo CD0.75%$10000$14999
12 Mo CD0.75%$100000$199999
18 Mo CD0.90%$10000$14999
18 Mo CD0.90%$100000$199999
24 Mo CD1.00%$10000$14999
24 Mo CD1.00%$100000$199999
30 Mo CD1.10%$10000$14999
30 Mo CD1.10%$100000$199999
36 Mo CD1.15%$10000$14999
36 Mo CD1.15%$100000$199999
48 Mo CD1.20%$10000$14999
48 Mo CD1.20%$100000$199999

Fixed IRA Rates:

Fixed IRA0.75%$1$999

Int. Checking Rates:

Int. Ckg0.05%$2500$3499

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 RatesAPYVs. Others
1 Year CD0.75%0.70%
2 Year CD1.00%0.75%
5 Year CD1.30%1.15%
30 Year MortgageN/A2.72%
15 Year MortgageN/A2.36%
National Average Vs. Powell Valley National Bank
Picture: National Average Vs. Powell Valley National Bank

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)

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Frequently Asked Question:

What is Mobile Banking?

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.

Which type of facility can I get from web banking?

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.

Which types of accounts can I access with PVNB Mobile Banking?

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.

After reading this review, I hope you get the best part of this bank. Now it’s up to you how you rate this bank based on your personal banking experience.

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