Wausau, Wis. (May 31, 2018) PSB Holdings, Inc., parent company of Peoples State Bank, announced that it has ranked for the ninth consecutive year in the American Banker Magazine’s “Top 200 Community Banks” list, and for the first time ranked as the 50th top performing community bank in the nation. Performance data and rankings were released in the American Banker Magazine’s May 2018 publication.
A total of 633 publicly traded banks with less than $2 billion in assets as of December 31, 2017, were considered for the nationwide ranking. Ranking was based on three-year average return on average equity for 2015 through 2017 as reported by S&P Global Market Intelligence.
PSB Holdings, Inc., continues to be the only bank headquartered in Central Wisconsin, and one of only eight banks based in Wisconsin, to be included on the list.
President and CEO of Peoples State Bank, Scott Cattanach stated, “Consistent recognition in this list of top performers demonstrates Peoples’ strong financial foundation for our shareholders and customers. This continued ranking affirms our approach that doing the right things for our customers increases our profitability and supports our community. Thank you to our customers, employees, and shareholders for this notable honor.”
For more information on PSB Holdings, Inc. operations and performance, visit the investor relations website at www.psbholdingsinc.com.
# # #
PSB Holdings, Inc. is the parent company of Peoples State Bank. Peoples is a community bank headquartered in Wausau, Wisconsin, serving north central Wisconsin from nine full service banking locations in Marathon, Oneida and Vilas 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 investments and retirement planning services through Peoples Wealth Management, a division of Peoples. Peoples was founded in 1962 and has total assets in excess of $845 million. PSB Holdings, Inc. common stock is traded under stock symbol PSBQ on the OTC Markets Exchange. Peoples is an Equal Housing Lender and Member FDIC. More information about PSB, its management, and its financial performance may be found at www.psbholdingsinc.com.