KINGSPORT — Powell Valley National Bank (PVNB) has announced it has purchased a former bank building downtown and plans to pursue opening a new full service office pending regulatory approval.
In 2014, PVNB opened a loan production office on Broad Street to serve customers in the Kingsport, Sullivan County, and Hawkins County areas. After three years of business in the market, the bank decided to expand its presence with the purchase of the former bank building located at 240 W. Center St. The structure, constructed in 1959, is a downtown landmark and looks like a small replica of the Lincoln Memorial. While preserving the exterior of this institution, the bank contracted GRC Construction and Cain Rash West Architects to renovate the historic building, and construction and improvements are underway.
PVNB anticipates the office will open in the summer. The new location will feature a full-service, state-of-the-art facility, including a drive-thru, ATM and fully staffed team of experienced banking professionals.
“With this new office, we are pleased to expand our presence in the Greater Kingsport area to provide a full range of consumer and commercial banking services for individuals and businesses in the area while integrating innovative technology with a personal touch,” said Leton L. Harding, Jr., CEO. “For 130 years, Powell Valley National Bank has been supporting our region and our heritage. Choosing to invest in a permanent and convenient, full-service location affirms our dedication to the community in both Kingsport and the Greater Sullivan County and Hawkins County area.”
PVNB’s loan production office, located at 217 Broad St., Suite 102, will continue to serve loan customers until the new office opens.
PVNB, established in 1888, is a locally owned community bank headquartered in Jonesville, Va., with full-service offices throughout the region. The bank offers a wide range of loan, deposit, electronic banking and investment services.