$30,000 Donated to Seven Non-profits in Wisconsin

Wausau, Wis. (June 25, 2020) Peoples has raised $30,000 to support seven non-profit agencies throughout Wisconsin as they work to meet the needs of our community resulting from the impact of Covid-19
  • June 25, 2020

Wausau, Wis. (June 25, 2020) Peoples State Bank has raised $30,000 to support seven non-profit agencies throughout Wisconsin as they work to meet the needs of our community resulting from the impact of COVID-19.   

More than 75% of Peoples State Bank’s employees donated an hour or more of their pay to contribute $4,690 of the total. In addition to the employee funds, Peoples State Bank matched $5,310. Those funds, along with a $20,000 grant from the Federal Home Loan Bank of Chicago’s COVID-19 Relief Program, reached $30,000 of total support. The funds will be split between seven agencies in central, northern, and southeastern Wisconsin, where Peoples has bank locations.

“Peoples’ employees have generous hearts,” said Scott Cattanach, Peoples’ president and CEO. “Each day our staff works to serve others with banking services and it’s heart-warming to see them also reach out to give an hour of pay—and in some cases more—to help community members impacted by COVID-19.” 

In central Wisconsin, the COVID-19 Community Response Fund, a partnership of the Community Foundation of North Central Wisconsin and the United Way of Marathon County will receive $13,000, which will provide childcare, food security, basic needs, and rent & utility assistance for people impacted by COVID-19. 

In northern Wisconsin, the Northwoods Alliance for Temporary Housing, Feed Our Rural Kids, and Generations Lakeland Retirement Foundation will receive a combined $9,000 to use serving people in the Rhinelander, Eagle River, and Minocqua areas. 

And in southeastern Wisconsin, a combined $8,000 will be used by the West Allis Community Improvement Foundation, La Casa De Esperanza, and La Causa, Inc. for a variety of needs to help those impacted by COVID-19. 

The Federal Home Loan Bank (FHLB) System is comprised of 11 regional banks which are privately capitalized and owned as cooperatives by their members. Each regional bank provides low-cost funding to 80% of America’s banks, credit unions, insurance companies, and community development financial institutions. The FHLB of Chicago provided grants up to $20,000 per member to aid small businesses and non-profit organizations impacted by the pandemic. 

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Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north central Wisconsin from nine full-service banking locations in Marathon, Oneida, Vilas and Milwaukee Counties, as well as commercial loan production offices in Milwaukee and Stevens Point, WI. Peoples provides financial services to business owners and individuals, as well as investment and retirement planning services through Peoples Wealth Management, a division of Peoples. Peoples was founded in 1962 and has total assets in excess of $950 million. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under stock symbol PSBQ on the OTCQX Market. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at bankpeoples.com. 

Peoples State Bank

Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north central Wisconsin from nine full service banking locations in Marathon, Milwaukee, Oneida and Vilas Counties, as well as commercial loan production offices in Milwaukee and Stevens Point, WI.