Press Release Media Relations Contact:

Janel Thoune

Assistant Vice President, Marketing Manager 715.847.4069, janel.thoune@bankpeoples.com

FOR IMMEDIATE RELEASE: 1/3/17 Peoples State Bank Announces Promotions Wausau, Wis. - January 3, 2016 - Peter Knitt, President and CEO of Peoples State Bank, announces the following promotions. Tina Andrasek, promoted to Branch Officer - Retail Sales and Service, Weston location. Over Andrasek's career at Peoples she has moved from loan processor, to customer service representative, and most recently as branch manager. Under her leadership, branch income grew by 9 percent, and the Weston team continues to exceed their goals. Andrea Sasman, promoted to Mortgage Loan Officer - Retail Sales and Service, Wausau - Stewart Ave. location. Sasman has over 20 years of mortgage experience, and joined Peoples in late 2015 as a mortgage loan specialist. With her attention to detail, loan processing knowledge, and high level of prioritization and effort, she has been a major reason for the mortgage team's success in 2016. NMLS # 1134266. Jared Morris, promoted to Credit Administration Officer - Risk Management, Wausau - Stewart Ave. location. Morris joined Peoples in 2012 as a credit analyst and later promoted to commercial credit supervisor. He has consistently displayed the Bank's core values through agility, hard work and leadership, and has skillfully led and trained the current group of analysts. ABOUT PEOPLES STATE BANK

Peoples is a community bank headquartered in Wausau, Wisconsin, serving north central Wisconsin from nine full service banking locations in Marathon, Oneida and Vilas Counties, as well as a commercial loan production office in Milwaukee, WI. Peoples provides financial services to business owners and individuals, as well as investment, insurance products and retirement planning services through Peoples Wealth Management, a division of Peoples.

Peoples was founded in 1962 and has total assets in excess of $800 million. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under stock symbol PSBQ on the OTC Markets Exchange. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at www.bankpeoples.com.

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PSB Holdings Inc. published this content on 03 January 2017 and is solely responsible for the information contained herein.
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