Peoples State Bank Revenue and Competitors

On June 26, 1997 a group of eleven local business leaders met at the Holiday Inn, Lake City, Florida for the purpose of holding an organizational meeting for a new community bank in Lake City. After quickly coming to agreement on the needs for such a bank, and the purpose of it’s operation, the group filed Articles of Incorporation for PSB BancGroup, Inc. the very next day. Over the next several months the group worked through the regulatory red tape required to establish a bank. The promise of a new community owned and operated bank was well received and most of the capital required to open the bank was raised within a few miles of the bank. On April 28, 1999, Peoples State Bank was opened for business. The first day’s business resulted in over $1.7 million in new deposits and the bank has continued to grow steadily ever since. We now have thousands of local customers and Total Assets in excess of $70 million dollars. For over sixteen years, Peoples State Bank has remained an independently owned community bank providing the highest level of customer service. We believe in convenience banking and working harder for you than our competition. Our banking concept includes convenient banking hours, Saturday banking, along with same day processing on all deposits made until 5:00 p.m. Monday through Thursday and until 6:00 p.m. on Friday. We offer all types of consumer, commercial, and real estate loans including long term fixed rate home mortgage loans. We are interested in continuing to grow our core deposits and have structured and priced our deposits accordingly. We are also proud to offer the latest technology in internet banking. Peoples State Bank may not be the biggest bank in town, but we aim to be the best bank in town by providing you with the kind of old-fashioned friendly service of a by-gone era. We invite you to join us as we make more banking history in Columbia County, Florida.