Question 1

What is Peoples Trust and Savings Bank?

Accepted Answer

Peoples Trust and Savings Bank is a small, family-owned community bank headquartered in Boonville, Indiana. With approximately $247 million in total assets, the bank specializes in providing personalized banking services to individuals and small businesses throughout the Evansville metropolitan area.

The institution operates five full-service branches and positions itself as a relationship-focused alternative to larger regional and national banks. Peoples Trust and Savings Bank emphasizes its "Friendly Hometown Banking" philosophy, combining personalized service with comprehensive financial products.

Question 2

When was Peoples Trust and Savings Bank founded?

Accepted Answer

Peoples Trust and Savings Bank was founded in 1895, giving it over 125 years of continuous service to the local community. The bank was established to serve the financial needs of residents and businesses in Warrick County and surrounding areas.

Throughout its long history, the institution has remained locally owned and operated, maintaining its commitment to community banking principles while adapting to changing financial industry landscapes. The bank has been family-owned for multiple generations, preserving its founding mission of providing accessible, relationship-based banking services.

Question 3

Where is Peoples Trust and Savings Bank headquartered?

Accepted Answer

Peoples Trust and Savings Bank is headquartered at 132 South 3rd Street in Boonville, Indiana. Boonville is the county seat of Warrick County, located in southwestern Indiana along the Ohio River valley.

The main office in Boonville serves as both the headquarters and the bank's flagship branch, housing executive management and providing a full range of personal and commercial banking services to the community.

Question 4

Where does Peoples Trust and Savings Bank operate?

Accepted Answer

Peoples Trust and Savings Bank operates throughout the Evansville, IN-KY metropolitan area with five branch locations across two Indiana counties. The bank maintains branches in:
• Boonville (Warrick County) - Main headquarters location at 132 South 3rd Street
• Newburgh (Warrick County) - Two locations at 7199 Parker Drive and 705 State Street
• Evansville (Vanderburgh County) - Two locations at 2201 North Green River Road and 4502 West Lloyd Expressway

The bank's geographic footprint focuses on Warrick and Vanderburgh counties, serving communities along the State Road 261 corridor and the greater Evansville area. Customers have access to over 40 ATMs in the Evansville region and more than 4,000 ATMs nationwide through network partnerships.

Question 5

What services does Peoples Trust and Savings Bank offer?

Accepted Answer

Peoples Trust and Savings Bank offers comprehensive personal and business banking services, including:

Personal Banking:
• Checking and savings accounts with same-day debit card issuance
• Certificates of deposit (CDs)
• Consumer loans and credit cards
• Mortgage products, including the unique Main Street Mortgage program
• Construction loans with interest-only payment options during the build period

Business Banking:
• Business checking and savings accounts
• Commercial lending and lines of credit
• Credit card processing services
• Cash management and payroll management solutions
• Customized deposit products for small businesses

Digital Banking:
• Mobile banking app with mobile check deposit
• Online banking platform with bill pay capabilities
• 24/7 account access
• Real-time account alerts and notifications
• Digital wallet integration for contactless payments

The bank provides expertise through dedicated personal bankers and commercial banking specialists who work one-on-one with customers to customize financial solutions.

Question 6

What makes Peoples Trust and Savings Bank unique?

Accepted Answer

Peoples Trust and Savings Bank distinguishes itself through several unique features and competitive advantages:

Main Street Mortgage Program: The bank's proprietary mortgage product offers low down payment requirements and eliminates private mortgage insurance (PMI), making homeownership more accessible. The program also includes a "Rate Refresh" option that allows borrowers to lower their rate within the first 18 months if market rates decrease, for just a $250 fee.

Family Ownership and Community Focus: As a small, family-owned institution with over 125 years of history, the bank emphasizes personal relationships over transactional banking. Staff members are neighbors and community members who understand local market conditions and customer needs.

Small Bank Service with Big Bank Products: The institution combines comprehensive financial products comparable to larger banks with the personalized attention and flexibility of a community bank. Same-day debit card issuance and dedicated relationship bankers exemplify this commitment to convenience and service.

Local Decision-Making: As an independent community bank, lending decisions and customer service protocols are made locally rather than at distant corporate headquarters, enabling faster responses and more flexible solutions.

Question 7

What type of financial institution is Peoples Trust and Savings Bank?

Accepted Answer

Peoples Trust and Savings Bank is classified as a State Commercial Bank. This designation indicates that the institution operates under an Indiana state banking charter rather than a federal charter.

As a state-chartered commercial bank, Peoples Trust and Savings Bank is regulated by the Indiana Department of Financial Institutions and is a member of the Federal Deposit Insurance Corporation (FDIC), which insures deposits up to applicable limits. The bank's state charter allows it to offer a full range of commercial and consumer banking services while maintaining its community banking focus.

The institution functions as both a retail bank, serving individual consumers and families, and a commercial bank, providing business banking services to small and medium-sized enterprises throughout its market area. This dual focus enables the bank to serve the complete financial needs of its local community.

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