Question 1

What is National Bank of Blacksburg?

Accepted Answer

National Bank of Blacksburg is a community-focused national bank headquartered in Blacksburg, Virginia. With approximately $1.8 billion in total assets and 28 full-service offices across western, southwestern, and central Virginia, the bank serves individuals, families, and businesses throughout the region. Operating under the brand name "National Bank," the institution combines the personalized service and local decision-making of a community bank with the comprehensive financial products and capabilities expected of larger institutions.

Question 2

When was National Bank of Blacksburg founded?

Accepted Answer

National Bank of Blacksburg traces its roots back to May 21, 1891, when the Commonwealth of Virginia issued a charter to the Bank of Blacksburg. Founded by businessman Alexander Black, who served as the bank's first president, the institution began operations in one room of the Green Hotel (later known as the Colonial Inn) on Main Street in Blacksburg. The bank's only employee, W.E. Hubbert, earned an annual salary of $500. By May 21, 1892, just one year after opening, the bank had assets of $21,011.72, reported a profit of $902.27, and declared a 12% dividend to stockholders. In 1922, the institution was re-chartered as a national bank, adopting the name National Bank of Blacksburg and marking its transition from a state-chartered institution to a federally-chartered national bank.

Question 3

Where is National Bank of Blacksburg headquartered?

Accepted Answer

National Bank of Blacksburg is headquartered in Blacksburg, Virginia. The bank's main office is located at the corner of Main and Roanoke Streets, a location the bank has occupied since 1963. The institution also maintains significant operations at its Hubbard Street location, which opened in 1999 and houses the bank's Bank Card and Trust Departments, Human Resources, and other administrative and executive offices, as well as serving as headquarters for National Bankshares, Inc., the bank's holding company.

Question 4

Where does National Bank of Blacksburg operate?

Accepted Answer

National Bank of Blacksburg operates 28 full-service offices throughout western, southwestern, and central Virginia. The bank's presence spans multiple counties and cities including Blacksburg, Christiansburg, Radford, Pulaski, Dublin, Pearisburg, Pembroke, Rich Creek, Galax, Tazewell, Richlands, Bluefield, Abingdon, Marion, Wytheville, Waynesboro, Staunton, and Lynchburg. The bank also maintains loan production offices in Roanoke and Charlottesville to serve customers in those growing markets. The bank's service area encompasses the New River Valley, Southwest Virginia, and has recently expanded into the Shenandoah Valley and Central Virginia regions, serving both rural communities and growing urban centers.

Question 5

What services does National Bank of Blacksburg offer?

Accepted Answer

National Bank of Blacksburg provides comprehensive banking services for personal and business customers. Personal banking products include various checking and savings accounts, money market accounts, certificates of deposit, and consumer lending options. The bank offers residential mortgages, home equity loans, and personal loans to meet individual financial needs. For business customers, the bank provides commercial lending, lines of credit, commercial real estate financing, and equipment loans. The bank has developed robust digital banking capabilities, offering online banking and a mobile banking app with features including mobile check deposit, account transfers, bill pay, and multiple layers of authentication for security. National Bank of Blacksburg also operates wealth management and trust services through its dedicated departments, providing investment management, estate planning, and trust administration. The bank offers credit cards with no annual fees and competitive features designed to fit various lifestyles.

Question 6

What makes National Bank of Blacksburg unique?

Accepted Answer

National Bank of Blacksburg distinguishes itself through its remarkable longevity and consistent growth over 134 years while maintaining its community banking values of quality service, honesty, and respect. The bank has grown from humble beginnings in a single hotel room to a billion-dollar institution with 28 offices, demonstrating both stability and strategic vision. In 1986, the bank formed National Bankshares, Inc., a one-bank holding company that later expanded to include additional institutions. The merger of National Bank of Blacksburg and Bank of Tazewell County in 2006 created National Bank with 25 locations at that time, significantly expanding the institution's geographic footprint. The bank surpassed $1 billion in assets in 2011, reaching a major milestone. Most recently, in 2024, National Bank acquired Frontier Community Bank, adding three new offices in Waynesboro, Staunton, and Lynchburg. The bank's mission statement, "Banking Built on Values," reflects its commitment to helping customers live their best financial lives through personalized attention, fair and transparent terms, and outstanding value.

Question 7

What type of financial institution is National Bank of Blacksburg?

Accepted Answer

National Bank of Blacksburg is a national bank, meaning it operates under a federal charter granted by the Office of the Comptroller of the Currency (OCC) rather than a state charter. As a national bank, it is subject to federal banking regulations and OCC supervision while also being a member of the Federal Reserve System and carrying FDIC insurance. Despite its federal charter and significant size, National Bank of Blacksburg functions as a community bank, focusing on serving the specific needs of customers in its Virginia markets rather than pursuing a national footprint. The bank operates as a subsidiary of National Bankshares, Inc., a publicly-traded bank holding company, which provides additional financial strength and governance structure while allowing the bank to maintain its local identity and community focus.

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