PSB Holdings, Inc. announced the results of shareholder votes from its Annual Meeting, held on April 21, 2020. Patricia M. Hanz was elected to initial three-year terms. Hanz is retired general counsel of the U.S. Consumer Product Safety Commission, previous assistant general counsel for Briggs & Stratton Corporation, and staff attorney for the Wisconsin Department of Natural Resources. The board recognized the retirement of Thomas Polzer, William Reif, and Timothy Sonnentag as directors of the Company and Peoples State Bank following a combined 62 years of service to Peoples State Bank, its growth, and success. Both Polzer and Reif will serve the board in a Director Emeritus status for the next year.
PSB Holdings, Inc. is a holding company for Peoples State Bank (Peoples). Peoples is a community bank, which serves north central and southeastern Wisconsin with 10 full-service banking locations in Marathon, Oneida, Vilas, Milwaukee and Waukesha counties and a loan production office in Stevens Point, Wisconsin. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. Its commercial and industrial loans, municipal loans and agricultural loans are primarily for working capital, physical asset expansion and asset acquisition loans. Its commercial real estate loans are primarily secured by owner and non-owner-occupied office and industrial buildings, warehouses, small retail shopping facilities and various special purpose properties, including hotels and restaurants. Its construction and land development loans are secured by vacant land and/or property that is in the process of improvement.
PSB HOLDINGS, INC. 
