About National Bank of Blacksburg
In 1891, the Commonwealth of Virginia issued a charter to a new bank, The Bank of Blacksburg. From our humble beginnings doing business from one room of the Green Hotel, National Bank has grown steadily through the years along with the communities we serve. Today, with 25 full service offices and one loan production office across southwest Virginia and over $1 billion in assets, our commitment to friendly, personalized service and local decision making remains the key to our success and our highest priority.
Thursday, May 21, 1891 — The Commonwealth of Virginia issued a charter to a new bank, the Bank of Blacksburg. Soon afterward, the bank began to do business from one room of the Green Hotel on Main Street . The first president was Alexander Black and the only employee, W.E. Hubbert, was paid a yearly salary of $500.
May 21, 1892 — The Bank of Blacksburg had assets of $21,011.72, reported a profit of $902.27, and declared a 12% dividend to stockholders.… Continue reading about National Bank of Blacksburg here
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