Boonville Branch Paradise Branch Newburgh Branch

Letter from the President/CEO

February 2013


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 operated. These 118 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. To our customers, that means additional safety.


One very important measure of a bank is its Capital Reserve. Peoples Bank’s capital ratio is greater than 18%, which is double the requirement of federal regulation. It’s our “nest egg”, and to you, our customer, it means peace of mind.   Additionally, this capital position earned Peoples Bank a five star rating with Bauer Financial, which is the highest and most desirable bank rating for safety and soundness.


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.


Although the regional and national economy has encountered a well-publicized turndown, Peoples Bank has quietly continued to grow assets, deposits, loans and our customer base.  Every day, new customers are turning to us to establish a meaningful banking relationship. 


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 financial needs, including free checking, internet banking, bill pay and mobile banking.


As always, we welcome new customers to try our products and services. We invite you to experience what it means to be a Peoples customer.


Sincerely,

Mark Hart Hendrickson

President and CEO