PSB Holdings Inc (OTCMKTS:PSBQ) Jessica Brown Appointed as CFO by Peoples State Bank

Shares of PSB Holdings Inc (OTCMKTS:PSBQ) have been moving within a narrow range over the past sessions. Here are major developments.

Market Stats

On Wednesday, PSBQ stock ended flat at $24.74 with 2.1K shares, compared to its average volume of 2.3K shares. The stock moved within a range of $23.50 – 24.75 after opening trading at $24.55.

About PSB Holdings Inc

With headquarters in Wausau, Wisconsin, Peoples State Bank (OTCMKTS:PSBQ) is a community bank that serves the north, central, and southeast Wisconsin from ten full-service banking locations in Marathon, Milwaukee, Oneida, Vilas, and Waukesha Counties, as well as a commercial loan production office in Stevens Point, WI. It offers financial services to businesses and individuals. Through the Peoples Wealth Management division, it provides investment and retirement planning services.

Peoples Hires Jessica Brown as Chief Financial Officer

Peoples State Bank announced the appointment of Jessica Brown, certified public accountant (CPA), as Senior Vice President and Chief Financial Officer (CFO), on June 15, 2022. Her responsibilities include managing the capital funding and profitability of the bank with high-quality financial reporting to investors and bank regulators.

She will also review all aspects of the bank’s balance sheet management, along with support merger and acquisition initiatives and investor relations. She even serves as the CFO and Secretary of PSB Holdings, Inc., the parent company of Peoples State Bank.

Brown brings over two decades of experience as a CPA, to the table. Her forte lies in the banking industry. She has recently held the position of CFO for a community bank in Wisconsin and leadership positions at several large banks. Brown also served as a senior audit manager at a Wisconsin-based CPA firm. She is on various non-profit boards of directors and committees, including LEAVEN in Menasha, Wisconsin, which provides financial assistance, resource coordination, and case management for families in financial distress, as well as service to the Women’s Fund and Habitat for Humanity.

Scott Cattanach, Peoples State Bank president, and CEO, wholeheartedly welcomes Jessica on board. He is confident that her immense financial experience with both large banks and community financial institutions will be invaluable for the bank moving ahead. Her illustrious career has focused on entrepreneurial growth and consistent operational efficiencies. Her background and desire to move customers and communities forward, place People in a very important position.

On her part, Brown is thrilled to be a part of a financially stable company that has an excellent reputation too.  She looks forward to being a part of the success of a strong community bank that supports local economic growth.

Traders Corner

PSBQ  stock is trading below the 20-Day and 50-Day Moving averages of $25.13 and $25.80 respectively. Moreover, the stock is trading below the 200-Day moving average of $25.80.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.