news & events
Local Lender Receives USDA Rural Development Award
Wausau, Wis. – September 21, 2016 – USDA Rural Development State Director, Stan Gruszynski, named Peoples State Bank as a recipient of the 2015 Million Dollar Lender Award.
The Award is presented each year to lenders who have partnered with and made a significant contribution to supporting Wisconsin rural residents looking to become homeowners through the USDA Guaranteed Rural Housing (GRH) Program.
In 2015, Peoples State Bank utilized more than $1 million of GRH program funds by financing home purchases to help moderate income families in Wisconsin. Nearly 2,900 families across Wisconsin were able to purchase a home last year through the GRH loan program, totaling nearly $372.4 million; and locally Peoples helped 25 families purchase a home, many in the Northwoods, through this program.
“This shows we have a lot to offer our communities, especially in the Northwoods, and we are committed to helping people achieve the dream of homeownership right in our own backyard,” said Jeff Saxton, VP Mortgage Lending for Peoples State Bank.
“The GRH program is great for newer families who want to own a home in a rural area but might not have a lot saved for a down payment,” said Saxton. “Peoples is recognized as a leader for this program and we see the value in offering this in our communities. We often get referrals from other banks because of the level of service we provide.”
“Working with our lending partners across the state, we’ve made a difference to those rural families prepared to realize the responsibility and benefits of owning a home,” said Gruszynski.
“The last several years have been challenging for homebuyers in rural communities. By partnering with local lenders we are able to leverage our resources and overcome financial barriers in order to help rural communities move forward.”
About the Guaranteed Housing Program
Further information on programs available through USDA Rural Development is available by contacting any Rural Development office, 715-345-7611, or visiting the agency's web site at http://www.rd.usda.gov/wi.
USDA Rural Development’s mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As the lead federal agency for rural development needs, USDA Rural Development invests in jobs, infrastructure, community development, health, education, homeownership and affordable rental housing to improve the lives of people in rural areas and the economic health of rural communities. During the last year, the agency has assisted nearly 9,000 families and businesses in more than 100 communities, investing more than $571 million into rural Wisconsin through affordable loans, loan guarantees and grants. Further information on USDA Rural Development programs is available at a local USDA Rural Development office or by visiting the web site at http://www.rd.usda.gov/wi.
Janel Thoune Graduates from the American Bankers Association School of Bank Marketing and Management
Wausau, Wis. – August 18, 2016 – Janel Thoune, assistant vice president and marketing manager at Peoples State Bank recently graduated from the American Bankers Association School of Bank Marketing and Management held at the Emory Conference Center Hotel in Atlanta, GA.
“Janel is a key member of Peoples State Bank and her bank marketing training will help us better serve our community,” said President & CEO Peter Knitt of Peoples State Bank.
Thoune has been with Peoples State Bank for the past two years. She is a board member for Wausau Child Care, Inc. and on the executive committee and board of directors for the United Way of Marathon County. She leads the bank’s marketing efforts to support strategic goals and to ensure delivery of the bank’s customer experience promise.
Terri Vrolijk named Vice President of Loan Operations
Wausau, Wis. – August 8, 2016 – Peoples State Bank announces that Terri Vrolijk has accepted the position of Vice President of Loan Operations. She will oversee operations of the mortgage processing, consumer loan processing, commercial loan booking and loan servicing functions.
Vrolijk’s strong focus on continuous improvement and customer delivery will be key in her new role. “I am excited to be part of this strong team at Peoples. We are focusing on an effective loan process and doing all we can to create the best experience possible for our customers,” she said.
Vrolijk has over 25 years of banking experience at multiple financial institutions in loan and audit functions. Most recently she worked as a loan project manager at Peoples.
Vrolijk is a member of the United Way of Marathon County’s Women in Action and Emerging Leaders groups. She is also active in women’s groups at Highland Community Church. Outside of work Vrolijk enjoys boating, fishing, gardening, taking motorcycle trips with her husband and spending time with her family.
Janel Thoune Earns National Certification
Wausau, Wis. – August 3, 2016 – Janel Thoune, assistant vice president and marketing manager at Peoples State Bank was recently awarded the Certified Financial Marketing Professional (CFMP) designation from the Institute of Certified Bankers, a subsidiary of the American Bankers Association.
“Earning the CFMP designation validates Janel Thoune’s experience and depth of education in the bank marketing arena,” said President & CEO Peter Knitt of Peoples State Bank.
The CFMP designation is awarded to individuals who demonstrate excellence in the field of financial services marketing. To qualify for the CFMP certification, individuals must have certain levels of experience and education in the financial services profession, pass a comprehensive exam and agree to abide by a code of ethics. The CFMP exam covers many areas including financial principles, laws and regulations, market research, characteristics of marketing plans, and marketing components.
Thoune has been with Peoples State Bank for the past two years and holds a MBA from the University of Wisconsin-Oshkosh. She leads the bank’s marketing efforts to support strategic goals and to ensure delivery of the bank’s customer experience promise.
Dave Kopperud Retires from PSB Holdings, Inc. Board
Wausau, Wis. – Dave K. Kopperud, long-time figure of Peoples and PSB Holdings, Inc. board member, announced his retirement from the board following the recent annual shareholder’s meeting. He retired after a quarter-century of service.
Kopperud began with Peoples State Bank in 1991 as vice president of lending. At the time, he brought with him 23 years of finance and banking experience in Wisconsin. Shortly thereafter he became executive vice president and assumed the role of “head lender and strategic thinker,” he said.
In 1999, he was appointed president and chief executive officer of Peoples State Bank and PSB Holdings, Inc. During his tenure in this role, Kopperud led the bank through a successful era of growth, including:
After retiring from the bank in 2007, Kopperud remained an active leader on the board of directors since then.
“As I look back I just have to ‘pinch myself’ to realize how blessed and fortunate my family and I have been to be associated with the best community bank in Wisconsin!” said Kopperud. “What a ride with such incredible customers and employees. It’s impossible to express in words how grateful I am to them all.”
According to Board Chairman Bill Fish, “Dave took the bank to another level. He was an integral part of the Peoples story, and we will always be thankful for his important contributions.”
PSB Holdings, Inc. Receives Top 200 Community Bank Recognition
Wausau, Wis. – June 1, 2016 – PSB Holdings, Inc., parent company of Peoples State Bank, announced today that it has ranked for the seventh consecutive year in the American Banker Magazine’s “Top 200 Community Banks” list. Performance data and rankings were released in the American Banker Magazine’s May 2016 publication.
A total of 684 publicly traded banks with less than $2 billion in assets were considered for the nationwide ranking. Ranking was based on three-year average return on equity for 2013 through 2015 as reported by SNL Financial LC.
PSB Holdings, Inc., continues to be the only bank headquartered in Central Wisconsin, and one of only seven banks based in Wisconsin, to be included on the list.
President and CEO of Peoples State Bank, Peter Knitt stated, “We exist to help businesses and consumers succeed financially, and focus on relationships based on honesty and integrity. This continued ranking affirms our approach that doing the right things for our customers increases our profitability and reputation as a leading community bank.”For more information on PSB Holdings, Inc. operations and performance, visit the investor relations website at www.psbholdingsinc.com.
Cory Erickson Grduates from the Introduction to Commercial Lending School
Minocqua, Wis. – May 5, 2016 – Cory Erickson, branch manager and business banker at Peoples State Bank received his successful completion from the Introduction to Commercial Lending School held in March at Wintergreen Resort and Conference Center, Wisconsin Dells, Wisconsin.
Sponsored by the Wisconsin Bankers Association, the curriculum is designed to provide bankers with a basic understanding of the principles and concepts of commercial lending. The faculty is comprised of bankers who are considered authorities in their respective fields.
Erickson has been with Peoples State Bank for the past two years and is a volunteer for Chamber of Commerce activities, a coach for the Peoples State Bank Little League team in Minocqua, and has volunteered on highway pickup for Adopt-A-Highway. He provides commercial lending solutions to businesses at the Peoples State Bank Minocqua office.
For more information or to request an appointment, please call Erickson at 715.358.7070.
Andrea Sasman Joins Peoples State Bank
Wausau, Wis. – March 28, 2016 – Peoples State Bank announces the addition of Andrea Sasman as mortgage loan specialist at Peoples State Bank Wausau-Stewart Avenue office.
Sasman joins Peoples with 17 years of mortgage processing and loan support experience. She will assist customers in securing financing to purchase a home or refinance an existing mortgage. Sasman will also assist customers with home equity lines of credit and construction loans.
“I am excited to be part of the Peoples team. My goal is to do all I can to make the process for my customers as smooth as possible,” she said.
Sasman graduated from the University of Wisconsin-Eau Claire with a bachelor’s degree in business administration/marketing. Outside of work Sasman enjoys spending time outdoors with her family camping, hunting, 4-wheeling and gardening. For more information or to schedule an appointment with Sasman, NMLS ID 1134266, please call 715.847.4024.
2016 Readers' Choice Best Local Bank
Thank you to everyone who voted Peoples as Best Local Bank in the Wausau Daily Herald
Readers’ Choice Awards!
We’re extremely proud of winning this award for the 5th consecutive year. If our experience has shown us anything, it’s that together we’re capable of amazing things.
Visit the Peoples location nearest you and let’s turn the potential of your unique dreams, challenges and aspirations into solutions.
Anne Buchmann Joins Peoples State Bank - Rhinelander
Wausau, Wis. – October 21, 2015 – Peoples State Bank announces the addition of Anne Buchmann as Commercial Portfolio Specialist at the Peoples Rhinelander location on 8 East Anderson Street.
Buchmann holds a dual bachelor’s degree in accounting and business administration and a master’s in business administration. She provides support to the Bank’s underwriting and closing of commercial loans, focusing on providing the highest level of customer service and developing relationships with area businesses.
Buchmann was raised in Sheboygan, WI and has lived with her family in Rhinelander for the past nine years. She is a member of the Rhinelander Ice Arena and on the board for the Rhinelander Figure Skating Club, coach for the Rhinelander Junior Varsity High School volleyball team, and team manager for the Northwoods Gems softball team. She also works with community outreach programs for people in need and coordinates the auction and all major events for Nativity of Our Lord Catholic School.
Eagle River Grand Opening October 26 - 30, 2015
Join us for the Grand Opening Celebration of our New Eagle River Location, 1011 East Wall Street, Suite B.
Stop by anytime October 26-30 for great product specials, giveaways, refreshments, and register for your chance to win a prize.
Grand Prize Drawing for an iPad!*
Join us on Friday, Oct. 30 for:
Check out our official Invite to take advantage of our Special Offers.
For more information go to our Event on Facebook.
* No purchase necessary to enter or win. Need not be present to win. Limit one entry per person. Drawing ends 10/30/15.
Peoples Pumpkin Patch
The fun starts on Saturday, October 24 as we turn our Rib Mountain location into a pumpkin patch. Along with a field of pumpkins we’ll also have cookies, refreshments and pumpkin painting. We hope to see you and your family there.
Click HERE to download your FREE pumpkin coupon.
Peoples State Bank Announces New Location
Peoples State Bank announces the opening of its new location in Eagle River—across the parking lot in the former Trig’s Video store at 1011 East Wall Street, Suite B. The new bank opens for business on Monday, August 24, 2015.
Never Forgotten Honor Flight Facebook Campaign
Thank you to everyone who liked our page in the Month of July. We were able to donate $1725 to the Never Forgotten Honor Flight, Inc. of Central Wisconsin. We are proud to be supports of this great cause. (Pictured R to L: Donna Staples, Mike Thompson, Jim Campbell, Christine Schlichte.
SBA and WHEDA Loan Guarantees
Peoples considers options such as the SBA’s Low Doc, 504, and 7A programs as well as WHEDA guarantees in order to construct the optimal loan package for your company or business. Peoples is also recognized as a Preferred Lender with the SBA, allowing us to reduce timing to closing and provide faster service on loans.
Peoples State Bank Announces New Location
Wausau, Wis. – June 4, 2015 – Peoples State Bank announced plans to move into a new location in Eagle River, across from the Trigs grocery store into the building previously occupied by Trigs Video on East Wall Street.
Peoples will completely renovate the 2,700 square-foot space to create a stand-alone, full-service branch.
Wausau, Wis. – May 1, 2015 – PSB Holdings, Inc., parent company of Peoples State Bank, announced today that it has ranked for the sixth consecutive year in the American Banker Magazine’s “Top 200 Community Banks” list. Performance data and rankings were released in the American Banker Magazine’s May 2015 publication.
The votes are in AND for the 4th straight year Peoples was voted the "Best Local Bank" and Peoples Wealth Management was voted "Best Financial Planner" in the Wausau Daily Herald's 2015 Readers' Choice Awards. The Reader's Choice Awards featured various categories including best food, entertainment, activities, retail and professional services. Thanks to everyone that voted for us, and our customers for this great honor.
Peoples State Bank is proud to support Wausau Events, Inc. and the Community!
The employees at Peoples voted on the best organization to receive a Christmas donation over the holidays for helping those in need. The winner from Vilas County was Vilas County Food Pantry receiving $500. Pictured (L to R) Donna Martens Food Pantry Volunteer, Peggy Swanson, Peoples State Bank, Andy Jensen, Peoples State Bank. and Val Dreger, Peoples State Bank, VP Mortgage.
The employees at Peoples donated their holiday gift to our local Humane Society of Marathon County to help those in need. Pictured (L to R) is Mary Kirlin, Humane Society of Marathon County, Executive Director, Peoples State Bank Employees (Tina Lis, Donna Staples, Dawn Lynch, Kristine Peterson, Lynn Klein, Heather Schulz, Lenore Breit)
Peoples is a proud Sponsor of the Marathon School District Foundation - Steve Buchberger scholarship. Pictured (L to R) is Steve Buchberger, Member of the Marathon School District Foundation Board, Kaci Sessions Peoples State Bank Marathon Branch Manager and Tony Braun, Peoples State Bank VP Commercial Banking/Market Leader.
The employees at Peoples voted on the best organization to receive a Christmas donation over the holidays for helping those in need. The winner from Oneida County was Oneida County Humane Society receiving $785. Pictured (L to R) is Cindy Wright, Peoples State Bank Rhinelander Branch Manager and Bria Swartout, Oneida County Humane Society Director.
The employees at Peoples voted on the best organization to receive a Christmas donation over the holidays for helping those in need. The winner from Vilas County was Lakeland Food Pantry receiving $500. Pictured (L to R) is Lisa Tadych, Lakeland Food Pantry Board Member and Cory Erickson, Peoples State Bank Minocqua Branch Manager/Business Banker.
The employees at Peoples voted on the best organization to receive a Christmas donation over the holidays for helping those in need. The winner from Marathon County was the The Womens Community, Inc. receiving $1000. Pictured (L to R) is Janel Thoune, Peoples State Bank, Assistant Vice President, Marketing Manager, and Jane Graham Jennings, Executive Director from the Womens Community, Inc.
At Peoples, we understand that every business is different. We take an advisory approach and offer flexibility in our financing to help small businesses succeed.
As one of the state’s top SBA lenders, Peoples has the knowledge, flexibility and financial strength to support your goals.
Call us today for more information on our SBA programs. With local decision-making and quick turnaround, we’ll get back to you fast.
*Ranked by number of loans October 2013 - September 2014