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Investor Relations -
Corporate Governance -
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What is now Peoples Bank was established in 1910 to meet the changing needs
of consumers. Banks at that time were primarily interested in making
consumer or commercial loans, not home loans. The Bank, originally
called The First Polish National Building & Loan Association, was the center
of church and social activities in East Chicago, Indiana.
Over several decades, name changes occurred with the most recent change
in 1989 to Peoples Bank. Peoples was the first savings and loan
association to receive a federal charter in East Chicago in the
aftermath of the Great Depression. As economic conditions improved, the
Bank's assets grew to $655,851 while employing eight full time workers. |
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Throughout its 96 year history, Peoples Bank has evolved
to offer the most modern advances in technology. Above, the East Chicago
Banking Center in 1953 and below, the current Munster Banking Center. |
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In the 1950s, the Bank took an active part in assisting service men to
purchase or build homes through G.I. loans. During this housing boom, a
decision was made to expand from a one-office operation. The Woodmar section
of Hammond provided a growing area of retail business along Indianapolis
Boulevard at the time and was therefore chosen as a second location. |
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During the 1960s, the growth of the local economy prompted management to
establish an additional Banking Center in Merrillville. The fourth location
was opened in 1976 in Dyer and the Munster office was completed in 1985.
Based on the success of these offices, a sixth Banking Center location was
opened in Schererville in 1990 and a second Merrillville location in 1996.
In the year 2000, Peoples Bank welcomed their eighth location in Hobart.
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In 2003, Peoples Bank introduced its new corporate headquarters. The
four-story Corporate Center building, located next to the Munster
Banking Center, created a two-acre Peoples Bank campus. The facility
houses the Bank’s Loan Center, Operations, Accounting, Information
Technology, and Audit and Risk Management areas, as well as the Bank’s
Administrative offices, |
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including Senior Management, Human Resources, Marketing, and Retail
Banking. The Wealth Management Group completed the corporate
campus when their office moved to the second floor of the Munster
Banking Center. |
Throughout its history, Peoples Bank has been an active participant in the
growth of the community while meeting the needs of its customers. The Bank
offers a full array of consumer and business products while maintaining a
strong tradition of high quality customer service.
Our mission is to provide the best possible banking, lending, and
wealth management
experience to our customers as we pave the way for economic expansion in our
community.
Peoples Bank recognizes its continued success and longevity are determined
by its ability to carry out the mission. We have created a culture,
environment, and organizational structure that are conducive to high
achievement and facilitate accomplishment of the Bank's mission. Our
philosophy is driven by a commitment to maximize shareholder value through
delivering the best possible banking, lending, and investing experience by:
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Meeting the expectations of
our stakeholders |
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Increasing the quality of our
customers' total banking experience |
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Providing outstanding
performance at all operational levels |
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Developing a motivated and
knowledgeable workforce |
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Shareholders
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We will maximize shareholder
value by providing superior financial returns, producing long-term
earnings growth and expanding our market share. |
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We will exercise prudent risk
management to ensure safe and sound business practices. |
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Customers
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Our customers are not numbers
in a computer; we are committed to individual, customized responses to
their needs. |
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Our customers do not want to
deal with bureaucracy and we are committed to empowering our employees
with decision-making authority. |
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Our customers want consistent
and accurate service and we expect our employees to deliver this
commitment each and every day. |
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Our customers want stability
in their financial institution and as a public company we are
committed to high performance results that preserve our independence
as a community bank. |
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Operations & Systems
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delivery of exceptional products and services to both our customers
and Bank personnel. |
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Employees
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We recognize the primary
resource for achieving the Bank's mission is a team of friendly,
loyal, motivated and well-trained employees. |
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We will treat employees
fairly, equally, with dignity, as individuals and as an important part
of the Bank. |
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We will provide a friendly and
enjoyable work environment that encourages optimal performance and
opportunities for professional and personal development. |
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