MADISON HEIGHTS, Mich., June 5, 2007 (PRIME NEWSWIRE) -- Peoples State Bank, (a subsidiary of PSB Group, Inc. (OTCBB:PSBG)), announced the promotion of Katherine Durant. The announcement was made by Michael J. Tierney, President and CEO.
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Katherine Durant was promoted to Business Relationship Manager at the Bank's 12 Mile & Gloede Financial Center in Warren. Previously Mrs. Durant was Office Manager at the bank's 16 Mile & Ryan Financial Center in Sterling Heights.
Mrs. Durant, a Wayne County resident, will be responsible for the profitability of the branch through the development of business relationships with current and new customers. Mrs. Durant has worked at Peoples State Bank for the past 5 years, and has had 17 years of banking experience. Mrs. Durant is a member of the Macomb County Chamber of Commerce, and is involved with Junior Achievement.
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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