People’s Bank and Trust held its annual meeting where the People First Bancshares Board of Directors recognized new and retiring directors and the organization’s performance over the past year. Mike Trexler recognized retiring director David Slater for 16 years of service. Trexler says that he thanked Slater for his outstanding leadership, guidance, and service. Trexler also introduced Brittany D. Walters who joined the company’s board of directors last year.
John Gardner, thanked Greg Curl and Karen Kerr for their service. Both recently retired. Susan Palliser and Jeff Grimmett were also recognized for their recent promotions. Gardner says that the company is growing and prospering due to service to customers and community and employee and product improvement. Out of customers surveyed, Gardner says 96% of customers rated their overall customer service experience as “good” or “excellent.”
Bank employees and directors devoted over 3,500 hours towards community service and the bank established a not for profit subsidiary, Peoples Assistance Company, which processes applications for the USDA Section 504 Home Repair Program. This program provides loans to very low-income homeowners to repair, improve, or modernize their homes, or provide grants to elderly, very low-income homeowners to remove health and safety standards.
Gardner says the bank invested in training such as software training, consumer compliance training, participation in affiliation groups, and attendance in state banking association schools, seminars, and webinars. PBT Lenders completed over 750 hours of SBA training in 2022. The bank also developed some new products including debit card enhancements.
The bank reported record financial performance including growth in Assets to $595.1 million, growth in Loans to $347.1 million, and growth in Deposits to $511.7 million. The company recorded an increase in Net Income to $6.9 million during 2022.
Brad Davis and Josh Shallenberger were re-elected to three-year terms as directors of the Bank and Holding Company. They join Michael E. Beyers, Michael M. Trexler, John Gardner, David Dorn, Jr., Christopher Swing, and Brittany D. Walters. David Slater was elected Director Emeritus, Michael M. Trexler was elected Chairman of the Board, and Brad Davis was elected Vice Chairman of the Board. Other officers include John Gardner, President & CEO, James Adcock, Secretary, Terry Schafer, Asst. Secretary, and Craig Deere, Treasurer & CFO.
For more information, contact the bank at 888-728-1954 or visit www.BankPBT.com.
