logoOn June 26, 1997 a group of eleven local business leaders met at the Holiday Inn, Lake City, Florida for the purpose of holding an organizational meeting for a new community bank in Lake City. After quickly coming to agreement on the needs for such a bank, and the purpose of its operation, the group filed Articles of Incorporation for PSB BancGroup, Inc. the very next day. Over the next several months the group worked through the regulatory red tape required to establish a bank. 

The promise of a new community owned and operated bank was well received and most of the capital required to open the bank was raised within a few miles of the bank. On April 28, 1999, Peoples State Bank was opened for business. The first day’s business resulted in over $1.7 million in new deposits and the bank has continued to grow steadily ever since. We now have thousands of local customers and Total Assets in excess of $70 million dollars.

We began operating out of temporary facilities while our building was being constructed. Although we were tight on space, the excitement of having a modern and spacious new bank building kept us going. Over the Memorial Day weekend of 2000 we boxed up everything and moved into our new Main Office! A second office was opened  in West Lake City at the intersection of US Highway 90 West and County Road 252B near Deputy Jeff Davis Lane. This 3,000 square foot building houses a full-service banking office.

For over sixteen years, Peoples State Bank has remained an independently owned community bank providing the highest level of customer service. We believe in convenience banking and working  harder for you than our competition. Our  banking concept includes convenient banking hours, Saturday banking, along with same day processing on all deposits made until 5:00 p.m. Monday through Thursday and until 6:00 p.m. on Friday. We offer all types of consumer, commercial, and real estate loans including long term fixed rate home mortgage loans. We are interested in continuing to grow our core deposits and have structured and priced our deposits accordingly. We are also proud to offer the latest technology in internet banking including a robust mobile banking product with iPhone and Android apps as well as multiple text message alerts. We offer FREE business checking, FREE personal checking, FREE internet banking with FREE online bill pay, and FREE mobile banking with FREE SnapCheck remote check deposit. 

Peoples State Bank may not be the biggest bank in town, but we aim to be the best bank in town by providing you with the kind of old-fashioned friendly service of a by-gone era. We invite you to join us as we make more banking history in Columbia County, Florida.