Peoples State Bank Named One of Nation’s Best Banks to Work For
Wausau, Wis. (November 14, 2025): Peoples State Bank has been named one of the nation’s 2025 Best Banks to Work For. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees. This year, 90 banks earned a spot in the ranking of Best Banks to Work For, based on an anonymous employee survey and a thorough review of the benefits and perks offered.
“The banks recognized as Best Banks to Work For are institutions employees want to join and stay,” said Chana Schoenberger, editor-in-chief of American Banker. “They understand how to give workers reasons to find purpose in their jobs.”
“We are incredibly honored to be recognized as a Best Bank to Work For, for the seventh consecutive year. At the core of our success is our commitment to fostering a culture of respect, collaboration, and continuous growth,” said Scott Cattanach, Peoples State Bank president and CEO. “Our bank emphasizes ideal team player values of staying humble, hungry, and smart. This environment empowers staff to provide exceptional service to our customers, creating a positive impact in every community we serve.”
The survey and awards program is designed to identify and honor banks with the best cultures for helping employees thrive. Peoples is chosen year after year for creating and maintaining a supportive, healthy, and winning workplace.
“This achievement reflects the dedication and passion of our incredible team members,” said Tina Seidl, Peoples executive vice president of human resources. “This acknowledgement inspires us to continue investing in our people, as they are the heart of our success.”
Determining the Best Banks to Work For involved a two-step process. The first consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the final ranking.
To be considered for participation, banks had to have at least 50 employees working in the U.S. and been in business for a minimum of one year. Best Companies Group managed the registration and survey process and also analyzed the data to determine the final ranking.
Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north, central, and southeast Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Waukesha, and Milwaukee Counties. Peoples was founded in 1962 and has total assets in excess of $1.5 billion. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at www.bankpeoples.com.
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. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under stock symbol PSBQ on the OTCQX Market.