Question 1

What is Poca Valley Bank?

Accepted Answer

Poca Valley Bank is an independent community bank operating in West Virginia with approximately $638 million in total assets. Founded in the small town of Walton beside the Pocatalico River, the bank maintains a strong focus on relationship banking and serves customers across Roane, Kanawha, and Putnam counties. As a wholly-owned subsidiary of Poca Valley Bankshares, Inc., the bank operates eight full-service branches throughout West Virginia.

The bank specializes in commercial and home mortgage lending while offering a full range of personal and business banking services. With over a century of continuous operation, Poca Valley Bank has maintained its independence and community-focused approach.

Question 2

When was Poca Valley Bank founded?

Accepted Answer

Poca Valley Bank was founded in 1908 beside the Pocatalico River in Walton, West Virginia. The bank was established to serve the rural West Virginia community during a time when roads were mere pathways and vehicles were rare.

The institution survived the Great Depression through its commitment to personal relationships with customers, with the bank president personally calling on customers to request advance notice for withdrawals to maintain liquidity. Poca Valley Bankshares, Inc., the current holding company, was organized on January 1, 1994.

Question 3

Where is Poca Valley Bank headquartered?

Accepted Answer

Poca Valley Bank is headquartered in Walton, West Virginia, in Roane County. The main office is located at 7033 Charleston Road, Walton, WV 25286.

The bank remains on the same corner where it was founded in 1908, continuing to serve the local community from its original location.

Question 4

Where does Poca Valley Bank operate?

Accepted Answer

Poca Valley Bank operates eight full-service branches across three West Virginia counties: Roane County, Kanawha County, and Putnam County. The bank's expansion began in 1987 with its first branch in Clendenin, Kanawha County.

Additional branches were opened in Elkview (1990), Sissonville (1997), Poca (2000), Winfield (2001), Spencer (2005), and Kanawha City (2022). All locations are situated in the Charleston and Huntington Metropolitan Statistical Areas and surrounding non-MSA regions.

Question 5

What services does Poca Valley Bank offer?

Accepted Answer

Poca Valley Bank offers comprehensive personal and business banking services including checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The bank provides various loan products with a primary focus on commercial and home mortgage lending.

Loan offerings include automobile loans, mortgages, home equity loans, construction loans, secured and unsecured installment loans, Small Business Administration (SBA) loans, and agricultural loans. The bank participates in secondary market loan programs with the West Virginia Housing Development Fund to offer long-term, fixed-rate mortgage programs with longer terms, lower rates, and reduced down-payment requirements.

Digital banking services include PVB Mobile Banking (available on iOS and Android), online banking, mobile check deposit, account transfers, bill pay services, and text banking for customers without smartphones. The bank also offers Zelle for external money transfers.

Question 6

What makes Poca Valley Bank unique?

Accepted Answer

Poca Valley Bank distinguishes itself through its deep commitment to relationship banking and community connection. The bank's leadership includes fourth-generation shareholders and board members, with President and CEO Linda Ashley representing the fourth generation of her family's involvement with the institution.

The bank survived the Great Depression through personal relationships with customers and continues this philosophy today. As a truly independent community bank with no out-of-state ownership, Poca Valley Bank emphasizes face-to-face interactions and personal knowledge of customers. The bank is affiliated with Hays and Company, which provides tax preparation, bookkeeping, and payroll processing services.

The institution maintains its original headquarters location from 1908, demonstrating its long-term commitment to the Walton community.

Question 7

What type of financial institution is Poca Valley Bank?

Accepted Answer

Poca Valley Bank is a state-chartered community bank and a member of the Federal Deposit Insurance Corporation (FDIC). The bank operates as a wholly-owned subsidiary of Poca Valley Bankshares, Inc., a single-bank holding company.

As a community bank, Poca Valley Bank focuses on serving the specific needs of local customers and businesses in its West Virginia markets, with decision-making authority retained locally rather than at a distant corporate headquarters. The bank received a Satisfactory rating in its Community Reinvestment Act (CRA) performance evaluation, reflecting its commitment to meeting the credit needs of its assessment areas.

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