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 it 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
