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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 115 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 in 1933. FDIC
coverage has been increased per depositor from $100,000 to $250,000 through
December 31, 2013. To our customers, that means additional safety.
While some banks across the country are experiencing
loan delinquency rates of 5% or greater, Peoples Bank is proud of its low
delinquency rate. In the last two years, 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 Department of Financial Institutions
completed its examination of Peoples in March 2010, and the bank received a
satisfactory rating for its financial condition. In addition, the noted
bank rating organization, Bauer Financial, Inc. (www.bauerfinancial.com) has
awarded Peoples a Five Star rating out of a possible Five Stars. Bankrate,
Inc. (www.bankrate.com) has given
Peoples a Four Star rating out of a possible Five Stars. Bankrate lists us
as “Sound” and Bauer Financial grades us as “Superior”. 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 18%, double the
requirement of federal regulation. It’s our “nest egg”, and to you, our
customer, it means peace of mind.
At Peoples, we pride ourselves in delivering exceptional
customer service. We truly enjoy the relationships we build over time. When
customers entrust their financial matters to us, we consider it an honor.
Thank you for making us the fastest growing bank in the area.
Your Neighborhood Bank.
Relationship Banking.
Mark Hart Hendrickson
President & CEO
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