11/02/2017: The Peoples State Bank awarded the Ellettsville Chamber of Commerce Chamber Award of Excellence
The Peoples State Bank was honored last week by the Ellettsville Chamber of Commerce with the Chamber Award of Excellence. The Award of Excellence recognizes the dedication, service and excellence in business affairs of The Peoples State Bank within the Ellettsville Community. The Peoples State Bank continues to be a bank that works and lives in the local community; where customers can get the personal, face-to-face attention they deserve, and decisions are truly made locally.
The Peoples State Bank has served the Ellettsville/Bloomington area and surrounding communities for over 100 years. From a single office in downtown Ellettsville, located where the Masonic Lodge now sits, to the building we think of as the “Old Town Hall,” to their current location, the bank has grown to ten branches in six local communities, including Bloomington, Ellettsville, Spencer, Morgantown, Paragon and Nashville.
From William Sandy, the first president and cashier for the bank, to today, the Peoples State Bank continues to be a bank that works and lives in the local community. Those affiliated with the bank through the years as presidents, cashiers, and board directors include a laundry list of Ellettsville royalty (or as royal as Ellettsville gets). They include: Guy Draper (who started a little company called Smithville), Ray Martin (who guided the bank through the Depression years and was known as “The Depression Banker”) Ralph Ridge, Charles May, Richard Carl and James Chesney – just to name a few.
In this day of mega-mergers and large, out-of-state corporate banks, The Peoples State Bank continues to be a bank that works and lives in the local community; where customers can get the personal, face-to-face attention they deserve, and decisions can be made by people who are members of the local community rather than being passed up the chain to some far-away corporate headquarters.
The Peoples State Bank has a long tradition of supporting the local community of Ellettsville and Monroe County in both a financial and service orientation. Some of the organizations they support include: Boys and Girls Club of Ellettsville, NW YMCA, Richland Bean Blossom Youth Sports, Edgewood HS Athletics, Band and Choir, EHS Dollars for Scholars, Monroe Co. 4H Livestock Sale, Ellettsville Chamber of Commerce, Ellettsville Lions Club, Ellettsville Masonic Lodge #245, Monroe County Fall Festival, and Boys & Girls Club – Lemonade Day.
In addition, they have had representatives or officers on a number of boards and groups: Boys and Girls Club, NW YMCA, EHS Band and Choir Boosters, EHS Dollars for Scholars, Ellettsville Chamber, Ellettsville Lodge, and the Fall Festival.