Established in 1908, First National Bank is headquartered in Altavista, Virginia and operates eighteen branches in the Greater Lynchburg region, the City of Danville, Pittsylvania County, and a loan production office in the City of Charlottesville. The Bank’s current total assets are $933, 097, 000, and it employs 190 people.
In October of 2020, First National Bank completed its merger with the former Virginia Bank & Trust, of Danville. The combined entity has nearly 200 years of community banking experience, focused specifically on personal relationships with clients and meaningful community involvement.
True to the spirit of community involvement, the First National Bank Community Impact Foundation is an employee led endowment and grant arm of the Bank. The steering committee is comprised of employees from across the Bank’s service footprint, and votes twice annually on 501c3 (nonprofit) organizations whose work directly benefit the communities served by First National Bank. To date, the organization has distributed nearly $45, 000 since.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154