Welcome to Your No.1 Community Bank's Blog

May 14, 2019

Championship Money Market Special

Posted in Business Banking, Consumer Banking

VNB has an exciting new special!  For a limited time, VNB is offering a Championship Money Market account with a rate of 2.15% APY* good through January 2nd, 2020 for individuals that deposit $100,000 in new money.

Visit one of our locations today to learn more! Go Hoos!!!

Championship Money Market Special

*APY-Annual Percentage Yield on this Money Market account is accurate as of May 13, 2019. This offer is for personal and business accounts. Minimum to open the account is $100,000 and must be non- VNB funds for new accounts. Minimum balance to earn the 2.15% APY is $100,000 until January 2, 2020. After January 2, 2020, current money market rates will apply. Maintain a minimum balance of $100,000 to avoid the monthly maintenance fee. Fees may reduce earnings on the account.

November 05, 2018

Virginia National Bank Introduces Financial Training Program

Posted in Community News

As a financial institution and a community partner, we believe it is our responsibility to maintain awareness of issues that affect the financial health of our community members, and to take action where possible. Over the past few years, we have noticed – as many of you might have – that the following challenges have become increasingly common amongst students:

  • Paying for college degrees that do not provide equal – or guaranteed – returns.
  • Incurring large amounts of debt to do so.
  • Managing personal finances with insufficient financial training.
  • Lacking the interpersonal and professional skills that are required of many professions.
    …and, although many are unaware:
  • Realizing the shortage of talented professionals in our industry.

For each of these issues, opinions, complaints and “if only” statements abound, but real solutions are offered by few.

     If only a program existed that would provide true financial training that would give young people the perspective and tools necessary to level the economic playing field and make responsible financial decisions.

     If only a program existed that offered the training necessary to enter a lucrative career without exchanging six-figure debt and four lost years of earning potential;

We believe that if any progress is to be made, it is our responsibility to affect change.

This month, Virginia National Bank announces the Finance Career and Leadership Academy (FCLA). This multi-course program is a groundbreaking initiative designed to provide true, in-depth, and challenging instruction to the students in our community while offering a distinct path toward careers in banking and finance. The rationale behind the implementation of this program is simple: individuals need a better understanding of financial concepts and valid career opportunities, and our industry is experiencing a shortage of talent.

How we intend to change things:

Instruction from industry experts that goes beyond “financial literacy.”  We believe that, regardless of income, individuals are at an economic disadvantage if they do not have the financial training that allows them to make the best decisions with their own finances.

The real-world decisions required of these individuals often are far more complex than multiple-choice questions about checking accounts, and we believe that although financial literacy is an issue in our society, how we have been defining financial literacy is insufficient. Developing a fluent understanding of financial concepts involves being able to make responsible decisions when faced with nearly infinite, open-ended options, and that developing an understanding of the economic perspective – both from the personal and institutional sides – is critical. Because of this belief, we have structured our program to include each of these components.

Additionally, though today’s youth are more digitally social than ever, we believe that a large portion of them can benefit from instruction in development of interpersonal, professional, and communication skills, which employers consistently rate at the top of their wish list – even above technological and organizational skills.

Focused training at a minimal cost and with maximum return.  In addition to receiving the highest quality training in employment strategies and personal finance, further opportunities may be made available to the most promising and top performing students from the program in the form of a potential scholarship for further training in banking and finance.

Our recent partnership with the Center for Financial Training has allowed us to create a credentialing program specifically designed to prepare students to meet the demands of our industry, and to do so without the prohibitive cost of a four-year degree. This comprehensive training program consists of fifteen college courses and will be made available to those few students who demonstrate the highest aptitude, motivation, and academic performance necessary to differentiate themselves as exceptional candidates.

Furthermore, these elite candidates will be paid while completing coursework – they will have the ability to earn income while taking part in a high-quality, bank-sponsored training program. Equally exciting is the potential that upon completion of this training, graduates will have the framework necessary to pursue various employment opportunities in banking (including a potentially lucrative long-term career).

The motivation for this initiative is simple: we understand that quality employment opportunities are everything, and we recognize the disconnect between what most four-year degrees cost and the opportunities they provide. We need quality talent, and we know exactly what level of training is required to open a promising career path in the banking industry. And, we’re prepared to make the investment to find that talent.

Making the Investment

Virginia National Bank has a history of community partnership, and is dedicated to doing what is necessary to meaningfully improve not only the financial education of our citizens, but employment and career prospects as well.

If you believe what we believe – that we can do better without relying on the higher education system to dictate the financial future of our children, then please contact us directly.

September 28, 2018

Celebrating VNB’s 20th Anniversary!

Posted in Community News

Happy Anniversary Cake

It makes us proud as members of the Virginia National Bank family to celebrate our 20th anniversary — crossing yet another milestone in our company’s history! We want to take this occasion as an opportunity to thank the communities, businesses, charitable organizations and individuals we serve in both Charlottesville and Winchester.

We opened our doors on July 29, 1998 in the historic downtown mall location in Charlottesville with more than 900 local shareholders. We set out with a vision to unleash possibilities, create opportunities, and celebrate mutual successes and be recognized as a trusted partner. We made it our mission to service our community with convenient and fast access to services, products and decision makers. We are proud to be community bankers that work with a vested interest in the financial health and longevity of the Virginians we serve.

As a true community bank and leader for 20 years, we hold a stake in the growth of our towns. We make sure to meet the needs of our community with innovative solutions that enhance growth during times of prosperity and protect clients during times of economic downturn. As we continue to grow, we remain steadfastly focused on the ingredients of our success. We remain true to our strategic initiatives, culture and our customers that make the bank great.

Celebrating 20 Year Work Anniversaries

We would also like to take the opportunity to recognize the service of nine employees hired at VNB in 1998 who continue to work here today. Without employees like them, achieving our 20 years of service wouldn’t be possible. That's why we say, "It's all about people . . . and always will be."

Congratulations to the following individuals who are celebrating their 20th Anniversary at VNB: Gina Bayes, Maury Early, Pat Higgins, Linda Hitchings, Sherrie Huber, Rosie Hunt, Kathleen Minor, Pat Morris, and Becky VanDenHeuvel.

Commitment to Community and Service

Our community is our first priority. Our employees provide countless hours of community service to local nonprofits by both volunteering and participating in fundraising events. This year, VNB supported and attended the Senior Center’s annual Gala, the Boys & Girls Clubs of Central Virginia’s Big Gig, the Charlottesville-Albemarle SPCA’s Critter Ball, the Emily Couric Leadership Luncheon, and the Big Brothers Big Sisters of Central Blue Ridge’s Bowl for Kids’ Sake, to name a few. We are looking forward to attending the Virginia Institute of Autism’s annual Gala and more community events this Fall.

These fundraising events are crucial to the survival of these non-profit organizations and their impact on the Charlottesville community. Throughout VNB’s 20 years of serving Charlottesville and Winchester, it has always been important to us to play an integral role in the social fabric of the community.

Products and Services

Personal banking can prove to be a formidable process for many individuals. So, at VNB, we believe in providing straightforward products that always puts the customer first and are easy to use. As a local bank, we always operate within our customers’ best interests. That’s why we take pride in serving our customers with a local and personalized approach.

Additionally, we strive to equip businesses with the best tools possible that help them contribute to the local economy, create jobs and add to the vibrant social landscapes of Charlottesville and Winchester. Every business needs a reliable banking partner. VNB supports a variety of our valued customers and local business owners by featuring them in advertisements on our website, lobby monitors, on CBS19 News, and in the Daily Progress. As members of the community ourselves, we have a vested interest in our local businesses succeeding. That’s why we only recommend businesses products and services that make sense to our community.

VNB also offers wealth management services to take your money further. Our founders believed in providing a localized approach to financial planning and investment management which is designed to provide clients with a comprehensive wealth management solution. This includes wealth management, wealth advisory services as well as trust and estate services.

We Love Success Stories

At VNB, nothing makes us prouder than seeing our clients succeed. It only makes our community stronger. In our newsletter, we highlight clients doing good in our community either through philanthropy or through growing their businesses. Last month, our customer spotlight went to MarieBette Café and Bakery of Charlottesville.  Owners, Jason Becton and Patrick Evans, met at the International Culinary Center and opened their European-inspired bakery MarieBette Café and Bakery in 2014 that was named after their daughters, Marian and Betty. They offer a delectable assortment of European baked goods, coffee and brunch food. The bakery brings a unique experience to Charlottesville through providing a place to gather and connect over good food (what could be better than that?). VNB is proud to play a role in the success of MarieBette Café and Bakery and countless other local businesses we all love. That’s why we do what we do!

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