Highlands Bank: Your Trusted Financial Partner in Covington, VA

Welcome to Highlands Bank, a leading community bank serving residents and businesses in Covington, Virginia, and the surrounding Alleghany Highlands region. For over 120 years, we have been committed to providing our customers with exceptional banking services and personalized financial solutions.

Experience the Highlands Bank Difference

Highlands Bank stands apart from other financial institutions with our unwavering commitment to:

• Community Focus: We are deeply rooted in the Covington community, supporting local businesses and organizations to foster economic growth.
• Personalized Service: Our experienced bankers take the time to understand your unique financial needs and provide tailored solutions that meet your goals.
• Innovative Banking: We stay up-to-date with the latest financial technology to offer convenient and secure banking services that fit your modern lifestyle.

Our Comprehensive Range of Services

Highlands Bank offers a wide array of banking products and services to meet the diverse needs of our customers:

• Personal Banking: Checking and savings accounts, personal loans, mortgages, and more
• Business Banking: Business checking and savings accounts, commercial loans, lines of credit, and merchant services
• Wealth Management: Retirement planning, investment management, and trust services
• Financial Education: Workshops and resources to empower our customers with financial knowledge

Highlands Bank: Your Trusted Financial Advisor

Our team of dedicated bankers are committed to providing you with expert financial guidance and support. We take a holistic approach to banking, working with you to:

• Establish Financial Goals: Define your short-term and long-term financial aspirations and create a plan to achieve them.
• Manage Cash Flow: Optimize your income and expenses to ensure financial stability and growth.
• Reduce Debt: Develop strategies to pay down existing debt and avoid future indebtedness.
• Plan for the Future: Secure your financial future with retirement planning, investment strategies, and estate planning.

Banking with Highlands Bank

Opening an account with Highlands Bank is easy and convenient. You can visit any of our convenient locations in Covington, Alleghany County, or online through our secure website. Our bankers are always available to assist you with account setup and any other banking needs.

FDIC Member: Your deposits at Highlands Bank are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC), providing peace of mind and security for your hard-earned money.

Table 1: Highlands Bank Covington Branch Locations

Table 2: Highlands Bank Personal Banking Services

Table 3: Highlands Bank Business Banking Services

Effective Strategies for Managing Your Finances

• Create a Budget: Track your income and expenses to identify areas where you can save or cut back.
• Set Financial Goals: Define specific, measurable, and achievable financial goals to stay motivated.
• Establish an Emergency Fund: Save money for unexpected expenses to avoid going into debt.
• Invest for the Future: Start investing early to build wealth and secure your financial future.
• Seek Professional Advice: Consult with a financial advisor for personalized guidance and investment strategies.

Tips and Tricks for Smart Banking

• Take Advantage of Online Banking: Manage your accounts, pay bills, and transfer funds conveniently from anywhere.
• Use Mobile Banking: Access your accounts, deposit checks, and more from your smartphone.
• Set Up Auto-Pay: Automate bill payments to avoid late fees and ensure timely payments.
• Monitor Your Credit: Regularly check your credit report to ensure accuracy and avoid identity theft.
• Protect Your Identity: Use strong passwords, avoid phishing scams, and shred sensitive documents.

Common Mistakes to Avoid in Personal Finance

• Overspending: Living beyond your means can lead to debt and financial problems.
• Not Saving Enough: Failing to save for the future can compromise your financial security in retirement and emergencies.
• Taking on Too Much Debt: Excessive debt can be a major burden and damage your credit score.
• Ignoring Financial Goals: Not having financial goals can lead to aimless spending and missed opportunities.
• Not Planning for Retirement: Neglecting to save for retirement can result in financial insecurity in your golden years.

Pros and Cons of Banking with Highlands Bank

Pros:

• Community Focus: Committed to supporting the local Covington community
• Personalized Service: Experienced bankers provide tailored financial solutions
• Comprehensive Services: Wide range of banking products and services for individuals and businesses
• Innovative Banking: Up-to-date technology for convenient and secure banking
• FDIC Insured: Deposits are protected up to $250,000 by the FDIC

Cons:

• Limited Branch Network: Only three brick-and-mortar branches in the Covington area
• Higher Interest Rates: Some loan and credit card products may have higher interest rates compared to larger banks
• Fewer Investment Options: Limited investment products and services compared to national banks
• Geographic Constraints: Services primarily focused on the Covington and Alleghany Highlands region
• No Online Loan Origination: Loans cannot be applied for or approved entirely online

Conclusion

Highlands Bank is more than just a bank; we are your trusted financial partner committed to providing exceptional banking services, personalized guidance, and financial empowerment in the Covington community. Whether you're a seasoned saver, a growing business, or an individual seeking financial security, we invite you to experience the Highlands Bank difference. With our unwavering commitment to our customers, we are confident that we can help you achieve your financial goals and build a secure financial future.

Contact us today to learn more about our services and how we can help you manage your finances with confidence:

Highlands Bank
223 E. Main Street, Covington, VA 24426
(540) 965-1999
www.highlandsbank.com