MADISON HEIGHTS, Mich., May 2, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the hiring and appointment of Michael A. Banks. The announcement was made by Michael J. Tierney, President and CEO.
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Michael A. Banks was appointed Senior Vice President and Chief Lending Officer. Mr. Banks brings twenty three years of lending experience to Peoples State Bank. Previously, he was First Vice President at Comerica Bank, with experience in all facets of commercial lending. Mr. Banks holds an MBA and a Bachelor of Science from the University of Michigan, Ann Arbor.
Mr. Banks is active in the community including President of the Hebrew Free Loan Association, Jewish Federation Board of Governors, and the Jewish Home and Aging Services Board.
Mr. Banks, an Oakland County resident, will be responsible for all commercial lending and loan placement activity. His office is located at the bank's 12 Mile and Dequindre office in Madison Heights.
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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