Question 1

What is First National Bank of Peterstown?

Accepted Answer

First National Bank of Peterstown is a community-focused national bank serving Monroe County, West Virginia and Giles County, Virginia. With approximately $85.4 million in total assets and 2 full-service offices, the bank specializes in personalized banking services for individuals, small businesses, and agricultural clients.

As a locally owned and operated institution, First National Bank of Peterstown makes all loan decisions on-site, enabling the bank to serve customers on a first-name basis. The bank is a wholly owned subsidiary of Peterstown Bancorp, a holding company owned by the bank's shareholders.

Question 2

When was First National Bank of Peterstown founded?

Accepted Answer

First National Bank of Peterstown was chartered on January 27, 1910, and began operations under the leadership of J.E. Hansbarger as President and O.P. Vines as Cashier. The founders secured a lot at the corner of Market and Mill Streets in Peterstown and drew plans for the first bank building to serve the growing community nestled in the shadow of Peters Mountain.

The bank joined the Federal Reserve Bank in 1914, demonstrating its commitment to financial stability and regulatory standards. Throughout its history, the bank has had a succession of strong leaders who maintained its community-focused mission through major historical events including two World Wars, the Korean War, Vietnam War, Persian Gulf War, Iraq War, and the Great Depression.

In October 2000, First National Bank of Peterstown became a wholly owned subsidiary of Peterstown Bancorp, a holding company owned by the bank's shareholders, ensuring continued local ownership and control.

Question 3

Where is First National Bank of Peterstown headquartered?

Accepted Answer

First National Bank of Peterstown is headquartered at 380 Market Street in Peterstown, West Virginia. The bank relocated to this facility in November 1988 from its original building at the corner of Market and Mill Streets, which had served the community for nearly eight decades.

Peterstown is located in Monroe County in southern West Virginia, a community where Peters Mountain serves as a continuous natural landmark.

Question 4

Where does First National Bank of Peterstown operate?

Accepted Answer

First National Bank of Peterstown operates two full-service branches serving customers in two states. The main office is located in Peterstown, Monroe County, West Virginia, which represents the bank's primary market with approximately 87% of total deposits and 70% of loans originated during recent evaluation periods.

The second branch opened in Narrows, Virginia at 110 Old Virginia Avenue, extending the bank's reach into Giles County, Virginia, which is part of the Blacksburg-Christiansburg Metropolitan Statistical Area. This expansion allows the bank to serve customers across the state line while maintaining its community banking philosophy.

The bank's assessment areas include middle-income census tracts in Monroe County, West Virginia, covering the towns of Peterstown and Union, as well as Giles County, Virginia.

Question 5

What services does First National Bank of Peterstown offer?

Accepted Answer

First National Bank of Peterstown provides comprehensive personal and commercial banking services tailored to community needs. Personal banking services include checking accounts, savings accounts, certificates of deposit, and consumer loans for automobiles, boats, recreational vehicles, furniture, home repairs, medical expenses, and vacations.

The bank offers residential real estate loans and home mortgages with decisions made locally at the Peterstown office. Commercial lending focuses primarily on small businesses, supporting local economic development and entrepreneurship.

Agricultural lending is a specialty area, reflecting the bank's understanding of the farming community's unique financial needs. The bank also provides business lending, education financing, and various credit products designed for the local market.

Digital banking services include online banking with 24/7 account access, mobile banking apps for iOS and Android devices, mobile check deposit, bill pay services, fund transfers, and electronic statements. Customers can access their accounts, manage transactions, and conduct banking business remotely while maintaining the personal relationship the bank is known for.

Question 6

What makes First National Bank of Peterstown unique?

Accepted Answer

First National Bank of Peterstown stands out for its unwavering commitment to local decision-making and personal relationships. All loan decisions are made on-site at the Peterstown location, enabling the bank to serve customers on a first-name basis—a rarity in modern banking.

The bank has maintained local ownership for over 115 years, surviving and thriving through every major economic crisis and historical challenge of the 20th and 21st centuries while keeping customer and community service as its main focus. This stability and continuity have made the bank a trusted institution across multiple generations of families.

First National Bank of Peterstown is known as a strong contributor to the local community, actively meeting the business, education, agricultural, and lending needs of Monroe County and surrounding areas. The bank's board members serve on community agency boards, seeking ways to provide financial assistance and support economic development.

The bank's conservative, steady approach to banking combined with modern digital tools creates a unique blend of traditional community banking values with contemporary convenience.

Question 7

What type of financial institution is First National Bank of Peterstown?

Accepted Answer

First National Bank of Peterstown is a commercial bank operating under a national charter, regulated by the Office of the Comptroller of the Currency (OCC). As a national bank, it operates under federal charter and is a member of the Federal Reserve System, which it joined in 1914.

The bank has been FDIC-insured since January 1, 1934, providing deposit insurance protection for customers. With its focus on community relationships, small business lending, agricultural financing, and personal banking services, First National Bank of Peterstown exemplifies the community bank model—a locally owned and operated institution deeply embedded in the economic life of its service area.

The bank's charter number is 9721, and its FDIC certificate number is 6787.

First National Bank of Peterstown

in the United States 🇺🇸

Crypto-Friendliness

All done!

About First National Bank of Peterstown in the United States