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Continuous Service Since 1895


 

LETTER FROM THE PRESIDENT & CEO

To Our Valued Customers and Neighbors:

In 1895 Peoples Trust & Savings Bank began its operations in Warrick County and we remain locally owned and locally operated.  These 114 years of experience continue to reinforce our focus on sound money management and superior financial strength.  We are, and have continuously been, insured by the Federal Deposit Insurance Corporation (FDIC) since its inception 75 years ago (in 1933).  FDIC coverage has been increased per depositor from $100,000 to $250,000 through December 31, 2009.  To our customers, that means additional safety.

We have not wavered from prudent banking practices which are consistent with responsible management decisions.  Peoples Bank has not participated in sub-prime lending, nor have we purchased investments that are backed by sub-prime loans. To our customers, that means sureness.

While banks across the country are experiencing loan delinquency rates of 5% or greater, Peoples Bank is proud of its low delinquency rate.  During 2008 and 2009, our delinquency has been 1% or less.  To our customers, that means soundness.

Like all banks, we are regularly and routinely examined by regulators every 18 months.  The FDIC completed its scheduled review at Peoples in September, 2008.  In addition, two noted bank rating organizations, Bauer Financial, Inc. (www.bauerfinancial.com) and Bankrate, Inc. (www. bankrate.com) have each given Peoples a Four Star rating out of a possible Five Stars.  Bankrate lists us as “Sound” and Bauer Financial grades us as “Excellent”.  To our customers, that means security.

One very important measure of a bank is its Capital Reserve.  Peoples Bank’s capital ratio is greater than 20%, more than double the requirement of federal regulation.  It’s our “nest egg”, and to you, our customer, it means peace of mind.

In a world where most financial institutions present themselves as everything to everybody, we’ve taken a different path.  Our mission is to deliver exceptional customer service and to support our community with dedicated involvement.  Our goal is not to become the biggest; rather, our goal is to continuously improve our abilities and our service to our friends and neighbors.  Thank you for entrusting Peoples Bank with the privilege of serving your banking needs.

 

Sincerely,

Mark Hart Hendrickson
President & CEO