West Allis, Wis. (January 19, 2021) Peoples State Bank provided a $5,000 grant to Balloon Decorations, LLC of Milwaukee. The money is part of a $15,000 Federal Home Loan Bank (FHLB) of Chicago “Targeted Impact Fund” grant for businesses hard hit by COVID-19. Peoples is a member of the FHLB and applied for the funding to support relief efforts of minority and women-owned businesses.
“You poured your heart and soul into making fun parties for Milwaukee area families,” said Peoples State Bank Commercial Banking Officer Jose Pimienta, Jr. “We know with the help of this money, someday soon we’ll all be celebrating your success.”
“This money comes at a really nice time,” said Abigail Ramirez Sagrero, Balloon Decorations owner. “We’ll use it for our mortgage, payroll, and decorations supplies. Thank you!”
After opening her party planning business, Sagrero purchased a building in 2019, and invested much of her profit into remodeling the facility before COVID-19 hit in March, 2020.
Peoples also provided $5,000 to Bosacki’s Chocolates & More of Minocqua and $5,000 to Travel Consultants of Wausau, Inc. as part of the $15,000 grant fund from the FHLB.
# # #
Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north, central, and southeast Wisconsin from nine full-service banking locations in Marathon, Oneida, Vilas, and Milwaukee Counties, as well as a commercial loan production office in 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 $1 billion. 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.
Federal Home Loan Bank of Chicago’s (FHLBank Chicago) Targeted Impact Fund provides members with grants to support relief efforts for populations hardest-hit by COVID-19 as well as to promote equity and opportunity for communities of color. For more information visit fhlbc.com.