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National Bank of Blacksburg company history timeline

1891

National Bank: Your Local Community Bank National Bank traces its roots back to 1891, when businessman Alexander Black founded The Bank of Blacksburg to serve the fledgling town’s financial needs.

1892

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.

1898

1898 — First telephone installed.

1904

1904 — Purchased first adding machine.

1921

1921 — Moved to a new building on the corner of Main and Roanoke Streets, which is now occupied by Capone’s Jewelry.

1942

1942 — The National Bank of Blacksburg built and owned its first office.

1963

1963 — Moved to the present Main Office on yet another corner of Main and Roanoke Streets.

1968

The North Main Office, the first branch built and owned by the bank in 1968.

1974

1974 — Constructed the Hethwood Office.

1984

1984 — A former Exxon station was converted into the South Main Office.

1986

1986 — Formed a one-bank holding company, National Bankshares, Inc.

1988

1988 — The National Bank of Blacksburg added Giles County to its service area.

1989

The Pearisburg staff moved from rented quarters to its new office in May 1989.

1990

1990 — Opened the Market Place Office in Christiansburg.

1994

1994 — The bank added a second office in Giles County by converting a First Union office in Pembroke.

1996

1996 — The Bank of Tazewell County (BTC) joins National Bankshares, Inc.

1997

1997 — Opened the Rich Creek Office.

1998

1998 — The National Bank of Blacksburg added another market area with the acquisition of a First American office in the City of Galax.

1999

1999 — The bank opens its tenth banking location on the corner of Hubbard and South Main Streets.

2000

2000 — New offices are acquired in Radford, Pulaski and Dublin , expanding National Bank’s service area throughout the New River Valley . Bank of Tazewell County acquires new offices in Abingdon, Marion and Wytheville.

2000 — National Bankshares Insurance Services and National Bankshares Investment Services are founded.

2003

2003 — The bank opens a new office in downtown Christiansburg.

2004

2004 — The National Bank of Blacksburg adds its fifteenth location with the acquisition of the Memorial Drive Office in Pulaski, Virginia.

2006

2006 ― The National Bank of Blacksburg and Bank of Tazewell County combine their operations to form National Bank, with 25 banking locations across Southwest Virginia.

2011

2011 ― National Bank grows to over $1 billion in assets.

2015

2015 ― Bank opens its 26th office location in the Virginia Tech Corporate Research Center in Blacksburg.

2018

Downtown Blacksburg Inc. is proud to present our business Member of the Month for January, 2018- The National Bank of Blacksburg.

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Founded
1891
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Headquarters
Blacksburg, VA
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National Bank of Blacksburg may also be known as or be related to NATIONAL BANK OF BLACKSBURG, National Bank of Blacksburg, National Bank of Blacksburg (Virginia) and The National Bank Of Blacksburg.