MADISON HEIGHTS, Mich., May 16, 2007 (PRIME NEWSWIRE) -- Peoples State Bank (a subsidiary of PSB Group, Inc.) (OTCBB:PSBG) announced the promotion of Jean Smith and Scott Whitford. The announcement was made by Michael J. Tierney, President and CEO.
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Jean Smith was appointed Vice President, Business Relationship Manager at the bank's Fenton Branch Office. Previously Mrs. Smith was Business Relationship Manager at the same location, and has over 30 years of banking experience.
Mrs. Smith, a Genesee County resident, will be responsible for the profitability of the branch through the development of business relationships with current and new customers. Mrs. Smith is a Board Member for Kiwanis, and has been involved with the Fenton Business Expo, the Fourth of July Freedom Festival, The Taste of Fenton, Jubileve, Art at the Center and American Cancer Relay for Life.
Scott L. Whitford was promoted to Vice President, Business Relationship Manager of the bank's new Troy Office on the corner of Long Lake Road and Livernois Road. Mr. Whitford has had 30 years of banking experience.
Mr. Whitford, an Oakland County resident, will be responsible for the profitability of the branch through the development of business relationships with current and new customers. He is a graduate of Alma College, is a member of the Troy Chamber of Commerce, and an active fundraiser for the National Childhood Cancer Foundation.
Peoples State Bank, a locally owned community bank founded in 1909, is a subsidiary of PSB Group, Inc., a bank holding company. The bank currently serves southeastern Michigan with 12 offices in Farmington Hills, Fenton, Grosse Pointe Woods, Hamtramck, Madison Heights, St. Clair Shores, Southfield, Sterling Heights, Troy and Warren. Total assets of the bank as of March 31, 2007 exceeded $500,000,000.
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