2024 Employee Promotions

Peoples Announces 2024 Employee Promotions


Wausau, Wis. (January 8, 2024) Peoples State Bank President and CEO Scott Cattanach announces the following promotions:

Kody McHugh, senior credit analyst team leader and officer. McHugh supervises the bank’s Wausau credit team, which reviews business loan applications and helps determine the customer’s credit risk.




photo of Michael MerrittMichael Merritt, commercial banker and officer. Merritt was promoted to the commercial banker position from a portfolio management position. Over the last two years, Merritt has originated nearly $15 million in loans in SE Wisconsin while serving business owners with solutions for their banking needs.




photo of Erik RajekErik Rajek, senior vice president and chief credit officer. Rajek joined Peoples in January 2022 and is responsible for the bank’s commercial credit risk department. Recently Rajek launched the bank’s Small Business Administration (SBA) 7a guaranteed commercial loan program.




photo of Lindsay MonacelliLindsay Monacelli, assistant vice president and retail loan fulfillment manager. Monacelli leads the team that processes all mortgage and personal loans. She is a trusted leader and always looks to learn more to make her team and the retail loan processing department better for the bank’s customers.




Seth Wage headshotSeth Wage, vice president and commercial banker. Wage has become an integral part of the bank’s commercial banking team, growing his portfolio of business customers, and stepping up to help lead and manage internal commercial banking committees.




photo of Clint OelhafenClint Oelhafen, assistant vice president and commercial banker. Oelhafen is the leader of the bank’s Marathon branch, serving business customers and their families.  He is also a local community leader for the benefit of the Village and serves in many volunteer roles in Marathon city.




Amy Peek, internal auditor, internal controls officer. Peek is responsible for coordinating the monitor of the bank’s key internal and external audits, ensuring the bank is compliant with federal and state banking regulations and internal policy.




Naomi Lenz, assistant vice president and loan servicing manager. Lenz leads the bank’s loan servicing operation and since joining Peoples in 2022 has established a high-quality loan processing system, and developed process improvements across multiple departments.





Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north, central, and southeast Wisconsin from eleven full-service banking locations in Marathon, Milwaukee, Oneida, Vilas, Portage, and Waukesha Counties. Peoples provides financial services to business owners and individuals and investment and retirement planning services through Peoples Wealth Management, a division of Peoples. Peoples was founded in 1962 and has $1.4 billion in total assets. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under the 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.