Peoples Bank Receives Fiserve Financial Proven Performers Award

Submitted by Peoples Bank and Trust

Peoples Bank and Trust has been chosen as a recipient of the 2011 Fiserve Financial Proven Performers Award.  Of the over 8000 banks nationwide, only 167 banks were chosen for this prestigious award.

The award was given to Peoples Bank in recognition of sustained outstanding performance and exemplary achievements in managing profitability, growth, and risk during the past five years.  Banks were rated on their performance on these three hurdles.  For Capitalization, banks had to meet or exceed risk based capital ratios that meet FDICs well capitalized classification.  The chosen proven performers also had to meet or exceed the 85^th percentile for Profitability in 2010 and also exceed the 70^th percentile for profitability each of the four preceding years.  The last hurdle, Growth meant qualifying banks had to have a compound annual asset growth rate of three percent over the preceding five years.

Peoples Bank is a locally owned and operated financial institution with $160 million in assets, with locations in New Roads, Livonia, and Central.  Peoples Bank’s Directors would like to thank their employees and customers for making this achievement possible.