Peoples Hires Tolokken as Chief Operating Officer

Peoples Hires Tolokken as Chief Operating Officer


Peoples State Bank announced that Katie Tolokken has joined Peoples as vice president and chief operating officer (COO). Tolokken is responsible for managing the bank’s operational departments, working closely with department heads and supervisors to support daily bank operations.

“Katie’s extensive experience includes working as a chief operating officer, branch manager, in lending, and as a customer service representative,” said Scott Cattanach, Peoples State Bank president and CEO. “With her banking and customer service knowledge, Katie offers Peoples a new look at how we deliver to our customers and the importance of the teams she leads and their role in assisting customers with solutions that make sense for them.”

Tolokken will lead Peoples’ deposit and loan servicing operations, information technology and systems, project management, and facilities. She joins Peoples with more than 25 years of work in banks and credit unions, including three years as chief operating officer of a $1 billion total assets La Crosse area credit union.

“I’m excited to bring my knowledge and skills to Peoples, which has such a great reputation as a well-run community bank,” said Tolokken. “The core of what we do is providing customers with great financial products that help them achieve their goals. From an operational aspect, our teams are critical in helping customers value the products we offer and the tools we provide for them to handle their traditional and digital banking needs.”

Tolokken is a Ladysmith native, earning a Bachelor of Science degree in finance and a Master of Business Administration from the University of Wisconsin-La Crosse. In her spare time, she and her husband enjoy the outdoors, including hiking, boating, and fishing.

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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, Portage, Vilas, 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