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November 19, 2025

Nationwide Penny Update

Posted in Business Banking, Consumer Banking

• The U.S. Treasury Department is no longer minting pennies.

• Supplies for pennies will vary on existing inventories.

• Virginia National Bank will continue to serve clients and businesses until our inventory is depleted.

• We kindly ask all businesses to limit penny change orders to $5 per day while supplies last.

• The penny is still legal tender and there is no need to exchange it for other coin. 

VNB's new rounding system will begin in January 2026. See table below:

Watch the CBS19 News story here featuring an interview with VNB's President and CEO, Glenn Rust, and Chief Operations Officer, Sherrie Huber, discussing the U.S. Mint's announcement of discontinuing the penny.

November 07, 2025

Discontinuation of Pennies News Story

Posted in Business Banking, Community News, Consumer Banking

Virginia National Bank's President and CEO, Glenn Rust, and Chief Operations Officer, Sherrie Huber, were interviewed by CBS19 News regarding the U.S. Mint's announcement of discontinuing the penny.

New pennies will no longer be produced after December, in accordance with the Federal Reserve guidance. 

Visit CBS19 News for the story here. 

Effective October 27, 2025, penny change orders are limited to $5.00 per day while supplies last.