Powell Valley National Bank

Powell Valley National Bank


Overview / Commentary
276-346-1414
33785 Main Street
Jonesville, VA 24263

Powell Valley National Bank is headquartered in JONESVILLE and is the 40th largest bank in the state of Virginia. It is also the 1,862nd largest bank in the nation. It was established in 1888 and as of June of 2024, it had grown to 92 employees at 7 locations. Powell Valley National Bank has an A health rating.

Reviews (1)

Fantastic Bank Especially For Business Accounts

I recently left the largest credit union in my area and one of the largest in the nation to switch over to this home town bank. The reason was simple. The credit union could not deliver on my business banking needs. When you start a small business on the front end you do not know the extent of your banking needs. You need a bank that can grow with you and accommodate your needs. Powell Valley Bank was exactly that for me. As my company grew, the increase in new banking features I needed grew also. Powell Valley & Roy have been great to work with and has taken extremely good care of me. At Powell Valley Bank you are not treated like a number but rather as a valued customer. They are all so friendly and most of them know you by name unlike the larger banks/credit unions. Doing business with a home town bank has it advantages and the fact that they have been around since 1888 proves their stability in the market place. Powell Valley was able to deliver on my product needs by offering me desktop check scanners, business mobile deposits so that my team could make their deposits to the company account on the go and not have to come back into the office. This was huge as the large credit union could not offer this. I could go on and on but I am very pleased with my decision to leave the credit union and convert to a home town bank.



Health

Health Grade Components

Overall
FDIC Certificate #6863
Year Established1888
Employees92
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.72%
Annual Interest Income$12MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$469.2MM$470.3MM
LoansQ2 2024vs Q2 2023$354.9MM$334.9MM
DepositsQ2 2024vs Q2 2023$422.5MM$425.7MM
Equity CapitalQ2 2024vs Q2 2023$43.9MM$41.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$4.6MM$4.3MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$611K$1.3MM
Real Estate OwnedQ2 2024vs Q2 2023$0$42K
Rates

Sorry, we do not have rate data for Powell Valley National Bank.

Locations


Powell Valley National Bank Locations
Big Stone Gap Branch211 East Fifth StreetBig Stone Gap, VA 24219
Duffield Branch301 Duff Patt HwyDuffield, VA 24244
Powell Valley National Bank33785 Main StreetJonesville, VA 24263
Pennington Gap Branch42180 East Morgan AvenuePennington Gap, VA 24277
Wise Branch540 West Main StreetWise, VA 24293
Powell Valley National Bank- Kingspo240 W Center StKingsport, TN 37660
Abingdon Branch24495 Lee HwyAbingdon, VA 24211

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