Question 1

What is The Peoples Bank Indiana?

Accepted Answer

The Peoples Bank Indiana is a community commercial bank serving Jackson County and the surrounding area of south-central Indiana. With approximately $324 million in assets and four branches, the bank has deep roots in the Brownstown community dating back to 1934.

The bank operates as a subsidiary of TPB Bancorp and focuses on providing personalized banking services to individuals, families, and small businesses throughout Jackson County. The Peoples Bank Indiana emphasizes relationship banking, local decision-making, and a commitment to the financial well-being of the communities it serves.

Question 2

When was The Peoples Bank Indiana founded?

Accepted Answer

The Peoples Bank Indiana was founded on January 1, 1934, under the original name Brownstown Loan and Trust Company. The bank was established during the depths of the Great Depression, a time when access to credit and financial services was critical for community survival and recovery.

On September 30, 1965, the institution changed its name to The Peoples Bank, the name it operates under today. This name change reflected the bank's evolution and its commitment to serving all the people of Jackson County.

For over 90 years, The Peoples Bank Indiana has been a cornerstone financial institution in Brownstown and Jackson County, providing consistent service through economic ups and downs, world wars, and dramatic changes in the banking industry.

Question 3

Where is The Peoples Bank Indiana headquartered?

Accepted Answer

The Peoples Bank Indiana is headquartered in Brownstown, Indiana, the county seat of Jackson County in south-central Indiana. Brownstown is located approximately 50 miles south of Indianapolis and 60 miles north of Louisville, Kentucky.

The bank's main office is located at 100 North Main Street in downtown Brownstown, where it has maintained a presence for decades. The location places the bank at the heart of the community it was founded to serve.

Question 4

Where does The Peoples Bank Indiana operate?

Accepted Answer

The Peoples Bank Indiana operates four full-service branches throughout Jackson County, Indiana:
• Brownstown (headquarters) - Main office on North Main Street
• Crothersville - 300 North Armstrong Street
• Seymour Westside Branch - 302 South Airport Road
• East Tipton Street Branch - 1425 East Tipton Street, Seymour

All four branches are strategically located to serve the primary population centers of Jackson County. The bank's service area is concentrated in the Seymour, Indiana Core Based Statistical Area, which encompasses Jackson County and surrounding communities.

The bank operates with both traditional lobby hours and convenient drive-through services, as well as Saturday morning hours to accommodate customer schedules.

Question 5

What services does The Peoples Bank Indiana offer?

Accepted Answer

The Peoples Bank Indiana provides a comprehensive suite of banking products and services:

Personal Banking: Checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts (IRAs), ATM/debit cards, and credit cards.

Consumer Lending: Personal loans, auto loans, home improvement loans, and other consumer financing options tailored to individual needs.

Mortgage Services: Home purchase mortgages, refinancing, home equity loans, and home equity lines of credit.

Business Banking: Business checking and savings accounts, commercial loans, business lines of credit, merchant services, and cash management solutions for small and medium-sized businesses.

Digital Banking: Online banking, mobile banking, bill payment services, mobile deposit, and telephone banking for 24/7 account access.

Trust Services: The bank has full trust powers granted by regulators, allowing it to provide trust administration, estate planning, and fiduciary services.

Additional Services: Wire transfers, safe deposit boxes, cashier's checks, money orders, and notary services.

The bank focuses on building long-term relationships with customers and customizing solutions to meet individual financial needs.

Question 6

What makes The Peoples Bank Indiana unique?

Accepted Answer

The Peoples Bank Indiana has several distinguishing characteristics:

90+ Years of Community Service: Founded in 1934 and continuously serving Jackson County for over nine decades, the bank has demonstrated remarkable stability and commitment through multiple economic cycles and industry transformations.

Depression-Era Resilience: Established during the Great Depression when many banks were failing, The Peoples Bank Indiana has shown enduring strength and has been a source of financial stability for the community through its entire history.

True Community Bank: As a locally-owned institution operating as a subsidiary of TPB Bancorp (not part of a large regional or national chain), all banking decisions are made locally by people who live and work in Jackson County.

Relationship Banking Focus: The bank emphasizes personal relationships and knowing customers by name, providing a level of personalized service that larger institutions cannot match.

Full Trust Powers: Unlike many small community banks, The Peoples Bank Indiana has full trust powers, allowing it to provide comprehensive wealth management and estate planning services typically only available from larger institutions.

Strong Financial Performance: With a Return on Equity (ROE) of 19.33% and Return on Assets (ROA) of 1.12%, the bank demonstrates strong profitability while maintaining its community focus—evidence of sound management and customer loyalty.

Local Economic Impact: The bank employs approximately 45 people in Jackson County, contributing to the local economy not only through lending but also through local employment.

Question 7

What type of financial institution is The Peoples Bank Indiana?

Accepted Answer

The Peoples Bank Indiana is a State-Chartered Commercial Bank supervised by the FDIC. It operates under a state charter and is not a member of the Federal Reserve System (Fed non-member bank).

As a commercial bank, The Peoples Bank Indiana accepts deposits, makes loans, and provides a full range of banking services to consumers and businesses. The bank's state charter allows it to operate under Indiana state banking regulations while maintaining FDIC insurance protection for depositors.

The bank operates as a subsidiary of TPB Bancorp, a bank holding company, which provides capital support and strategic oversight while allowing the bank to maintain its local identity and decision-making autonomy. This structure is common among community banks that want to preserve local control while benefiting from holding company support.

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About The Peoples Bank Indiana in the United States