MADISON HEIGHTS, Mich., June 4, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the hiring and appointment of Jeffrey L. Moore. The announcement was made by Michael J. Tierney, President and CEO.
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Jeffrey L. Moore was appointed Senior Vice President and Chief Credit Officer and will be working at the Bank's 13 Mile & Ryan Financial Center in Warren. Previously Mr. Moore was Senior Vice President, Affiliate Business Banking Manager for Fifth Third Bank, Eastern Michigan.
"We are fortunate to have someone with Jeff's extensive business lending and credit background as part of our senior management team," said Michael J. Tierney.
Mr. Moore, a Wayne County resident, will be responsible for managing the Credit, Documentation, Managed Assets and Collections areas of the bank. Mr. Moore attended The University of Michigan where he received a Bachelor of Arts Degree and he earned a Masters in Business Administration at the University of Detroit.
Mr. Moore has recently served on the Board of the Metropolitan Growth and Development Corporation, and was a participant in Leadership Detroit, Class IIV. He is a member of the Detroit Athletic Club.
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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