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The Peoples Bank history
The Peoples Bank company history timeline
In 1937, the Bank of Oak Hill was acquired.
Also in 1937, the Business Men’s Club guaranteed funds, with the assistance of Peoples Bank, for the construction of Echo Supply’s building, a company that manufactured shoe dies.
In 1946, civic-minded citizens formed the Cuba Development Company with 5,000 shares of stock at ten dollars a share.
After his death in 1959, he was succeeded by his son W. James Barnett.
In 1959, employees rolled the bookkeeping machines down the sidewalk to the bank’s new building at Buchanan and Washington which featured Crawford County’s first drive-up window and night depository.
After 1971 JVP insurrection bank launched rural credit scheme to make a small loan to group of farmers and small scale business.
In 1975, W. James Barnett, Jr. became president.
Peoples Bank opened its second office in 1977 on North Highway 19 near I-44.
In 1980, the bank became the first in the area to offer a seniors’ program.
In 1984, People's Bank acquired The People’s Merchant Bank, with branches in International Division and the Fort Foreign Branch
In 1985, a financial center consisting of a loan production office and walk-up teller station was opened in Steelville.
Likewise, a financial center was established in Bourbon in 1986.
Following the passage of the Nanking Act 1988 by the Sri Lankan Government, People's Bank Commercial Bank was set up to claim and working People's Bank and its auxiliaries.
In 1989, Peoples Bank opened its new bank building in Steelville.
People's bank expanded outside Colombo in 1989, with supported by the Ministry of Labour to arrangement of EPF to outside Colombo.
In January 1991, Green Circle Investments Inc. purchased Peoples Bank and expanded with an additional bank in Rippey.
In 1991, a full-service facility was opened in Bourbon.
Peoples Financial Services (PFS) was formed in early 1992 as a subsidiary of Peoples Bank to offer investment services to the bank’s growing customer base.
During the next four years, Peoples Bank experienced significant growth, increasing total assets by nearly 33%. In 1994, the bank added its third branch, purchasing a local bank in Guthrie Center.
He was elected chairman of the board in 1994 when Ken Holland was chosen to serve as president.
By March 1996, total assets had increased by nearly 50% in just six years, thanks to an aggressive growth-mindset and a targeted focus on community lending.
In 1996, the acquisition of a bank in Jefferson, which also operated a branch in Scranton, nearly doubled Peoples Bank’s total assets.
In 1996, the Internet age came to Cuba.
People's Leasing company started in 1996.
Internet banking was introduced to customers in 1997, and Jim Barnett, chairman of Peoples Bank, was quoted as saying, “In five years, the Internet will be as important as the telephone was years ago.” Few would argue with that statement today.
Five years later, in early 2001, Peoples Bank opened its sixth branch, in Adel.
1, 2006, when Peoples Bank opened a brand-new building in Clive, its first foray into the metro market.
In 2007, the metro expansion continued with a purchase of a bank in Waukee.
Responding again to customer demand, Peoples Bank opened its fifth office in Sullivan in 2007.
In 2013, the bank opened its newest branch in Ogden.
The Rigler family bought Peoples Bank in late 2017, the bank's third owners in its 100-year history, and the family continues to focus on serving Iowa communities in both rural and metro markets.
2 billion on 2019 due to mismanagement and Government corruption, former chairman said.
Asian Development Bank has give a "Trade Deal of the Year" award in 2020.
For credit cards opened after 2/15/2021: go to MyCardStatement.com to manage your account online.
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The Peoples Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| MidSouth Bank | 1899 | $650.0M | 3,000 | - |
| IBERIABANK | 1887 | $1.2B | 3,441 | - |
| Webster Bank | 1935 | $72.1M | 3,400 | 103 |
| Farmers National Bank | 1887 | $154.7M | 550 | 61 |
| Midland States Bank | 1881 | $7.7M | 721 | 70 |
| American Bancorp | - | $48.8M | 45 | 5 |
| Flushing Bank | 1929 | $206.2M | 510 | 9 |
| BancFirst | 1984 | $237.0M | 1,501 | 107 |
| Busey | 1868 | $248.5M | 1,400 | 76 |
| ANB Bank | 1999 | $35.0M | 135 | 26 |
The Peoples Bank history FAQs
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The Peoples Bank may also be known as or be related to People's Bank and The Peoples Bank.