Bank History
Today, PSB Corporation continues to serve our 200+ stockholders and our surrounding communities with the same passion and commitment that we started with so long ago. We are proud that we stay true to our clients and live up to our values throughout our many years of service. We hope to continue to serve our clients and communities for many years to come!
1912
Cleves Savings Bank opened in January in the back rooms of this General Store; later changing its name to Security Savings Bank.
1912
1916
Security Savings Bank completed their new building in Cleves on January 16. (J.J. Ludeman and R.W. Aikes pictured)
1916
1934
Security Savings Bank reorganized and relocated the primary bank in Wellsburg with a branch in Cleves. (Shareholder notice pictured)
1934
1934
In October, Peoples Savings Bank in Wellsburg opened.
1934
1960
Peoples Savings Bank’s main office moved to its current location on the corner of 3rd and Adams in Wellsburg on December 3.
1960
1971
Peoples Savings Bank remodeled its Wellsburg location.
1971
1984
Peoples Savings Bank founded PSB Corporation with headquarters located in Wellsburg, IA. (PSB Board of Directors at 50th Anniversary Open House pictured)
1984
1984
The new Cleves branch was opened exactly 50 years from opening the original Peoples Savings Bank in Wellsburg.
1984
1990
Peoples Savings Bank in Wellsburg went through a remodel.
1990
1992
PSB Corporation purchased First State Bank (fka First National Bank of Sumner) in Sumner, IA, with a branch in Fayette. (pictured)
1992
1999
PSB Corporation purchased Denver Ban Corp (a bank holding company) – later dissolving resulting in PSB Corporation’s ownership of Denver Savings Bank.
1999
2008
Peoples Savings Bank opened its Dike, IA branch in June.
2008
2021
PSB Corporation sold First State Bank in Sumner, Iowa.