MADISON HEIGHTS, Mich., Oct. 22, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the appointment of Gregory W. Quick to the position of Senior Vice President. The announcement was made by Michael J. Tierney, President and CEO.
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Mr. Quick was previously a Senior Vice President at Republic Bank and has a total of 31 years of banking experience. Mr. Quick earned a Bachelor of Arts in Economics from the University of Michigan and an MBA from Oakland University.
Mr. Quick will be responsible for growing the company's full service mortgage business. Peoples State Bank offers customized home financing solutions through realtors, builders, and PSB branch offices for every customer -- from the first time home buyer to the jumbo mortgage client. Mr. Quick will be working from the company's mortgage operations office located on Big Beaver Road in Troy.
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 11 branch offices in Farmington Hills, Fenton, Grosse Pointe Woods, Hamtramck, Madison Heights, Southfield, Sterling Heights, Troy and Warren and two additional mortgage production offices in Ann Arbor and Howell. Total assets of the bank as of September 30, 2007 were $502,000,000.
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