Local News

PB&T Holds Annual Shareholders Meeting

People’s Bank and Trust held their annual board of directors meeting on March 30th, recognizing new and retiring directors and the organization’s performance over the past year.  Retiring director Jim Randolph was recognized for 25 years of service to the organization. Mike Trexler, Chairman of the Board said of Randolph that the board was happy to recognize Randolph for his distinguished service, guidance, devotion, and friendship.


President of People’s Bank and Trust John Gardner, congratulated Carol Furnish, Kathleen Anderson, Theresa Beal, Bonnie Miller, and David Kromphardt, and thanked them for their service to the organization and wished them the best in their retirement. 


According to Gardner, some positions were filled internally with promotions from within. Kacie Rankin and Jennifer Mathis were recognized for their recent promotions to Assistant Vice President, Consumer Banking.  Other recognitions included Jordan Ruppert as Vice President, Business Banking in Taylorville; Lea Stuckemeyer, Assistant Vice President Consumer Banking in Altamont; Trevor Taylor as Vice President, Business Banking in Charleston; and Josh Shallenberger who joined the company’s Board of Directors. 


Gardner says that they are still focused on long-term objectives despite the challenges in recent years.  97% of customers surveyed rated their overall customer service experience as good or excellent, and Gardner says they will continue to support local communities. The bank’s credit quality is very good and continues to improve.  He added that nearly a third of the bank’s loan portfolio is now guaranteed by the government.


The bank reported record financial performance including an increase in Net Income before tax from $7.1 million to $7.6 million.  Assets increased by $82.5 million to $570.5 million; depsoit volume increased by $78.6 million to $491.7 million, and loans increased by $21.7 million to $344.6 million. 


David Dorn Jr. and Christopher Swing were re-elected three-year terms as directors of the Bank and Holding Company.  Other directors are David Slater, Brad Davis, Michael E. Beyers, John Gardner, and Michael M. Trexler.  


Trexler was elected Chairman of the Board and Slater was elected Vice-Chair.  Other officers include President John Gardner, Secretary James Adcock, Asst. Secretary Terry Schafer, and Treasurer Craig Deere. 


Peoples Bank and Trust has ten offices in Charleston, Altamont, Tower Hill, Pana, Taylorville, Morrisonville, Springfield, Waverly, Palmyra, and White Hall. For more information, contact the bank at 888-728-1954 or visit www.bankpbt.com.