About bank
Peoples Bank is a community bank headquartered in Marietta, Ohio. The bank was founded in 1902 as the Peoples Savings Bank and has since grown to become one of the largest community banks in the state of Ohio, with over 113 locations throughout Ohio, West Virginia, Maryland, Kentucky, Virginia, and Washington D.C. Peoples Bank offers a variety of personal and business banking services, including checking and savings accounts, loans, credit cards, and more.
Today, Peoples Bank is a publicly traded company, with its shares listed on the NASDAQ stock exchange under the symbol "PEBO." The bank is owned by its shareholders and is led by a team of experienced executives and directors.
Peoples Bank offers a range of personal banking services to its customers. These services include checking and savings accounts, personal loans, credit and debit card offers, and more. The bank's checking accounts come with features such as online and mobile banking, debit cards, and access to an extensive network of ATMs. Savings accounts come with competitive interest rates, and the bank offers a range of options to meet customers' needs, including traditional savings accounts, money market accounts, and certificates of deposit.
For businesses, Peoples Bank offers a variety of services designed to help companies manage their finances more effectively. These services include cash management, merchant services, remote deposit capture, and more. The bank also offers loans and lines of credit to help businesses finance their operations and growth.
The bank has a long history of supporting local organizations and initiatives, and it encourages its employees to volunteer and get involved in their communities. In addition, Peoples Bank has a strong focus on sustainability and environmental responsibility and has implemented several green initiatives to reduce its environmental impact.
Key features
The bank has been serving the needs of its customers for over 100 years and is committed to providing personalized, community-based financial services.
- Long-term relationships with its customers makes Peoples Bank stand out. The bank's representatives work closely with each customer to understand their unique financial needs and goals and to provide tailored solutions that meet those needs. The bank also offers a variety of educational resources and financial calculators to help customers make informed decisions about their finances.
- Commitment to giving back to the communities it serves. The bank's community outreach initiatives include financial education programs, volunteer work, and donations to charitable organizations. The bank also partners with local organizations and businesses to support its communities' economic development and job creation.
- Technological capabilities. The bank has invested in technology to enhance its customers' banking experience. For example, the bank's online and mobile banking services allow customers to easily manage their accounts, pay bills, and transfer money from their computers or mobile devices. The bank also offers a variety of digital tools and resources to help customers track their spending, monitor their accounts, and make informed financial decisions.
- Strong reputation for financial stability and security. The bank is FDIC-insured, meaning that customers' deposits are insured up to $250,000 per account. The bank also employs industry-leading security measures to protect its customers' sensitive financial information.
Requirements
Peoples Bank is a full-service financial institution that offers a range of personal and business banking products and services. The bank has specific requirements for borrowers and applicants to qualify for loans and other financial services. Here are the key requirements for borrowers and applicants of Peoples Bank:
- Creditworthiness. One of the primary requirements for borrowers and applicants of Peoples Bank is good creditworthiness. The bank typically requires a minimum credit score of 640 for personal loans and 680 for business loans. A higher credit score is more likely to result in loan approval and more favorable terms, such as lower interest rates.
- Income and debt-to-income ratio. Peoples Bank also looks at an applicant's income and debt-to-income (DTI) ratio when evaluating their creditworthiness. Banks generally require a minimum annual income of $20,000 for personal loans and $50,000 for business loans. The DTI ratio, which measures the percentage of an applicant's income that goes toward paying debts, is also a key factor. Peoples Bank typically looks for a DTI ratio of 50% or lower for personal loans and 45% or lower for business loans.
- Employment history. Peoples Bank also considers applicants' employment history and stability when evaluating their creditworthiness. Borrowers who have been employed with the same employer for at least two years are typically viewed more favorably than those with a shorter employment history.
- Collateral. For certain types of loans, Peoples Bank may require collateral to secure the loan. This can include assets such as real estate, vehicles, or other valuable property. The value of the collateral will be evaluated to determine the loan amount and interest rate.
- Documentation. Peoples Bank requires documentation to verify an applicant's identity, income, and other financial information. This typically includes government-issued identification, tax returns, pay stubs, bank statements, and other financial statements.
- Relationship with the bank. Peoples Bank may also consider an applicant's existing relationship with the bank when evaluating their creditworthiness. For example, existing customers who have a history of on-time payments and responsible financial behavior may be more likely to be approved for loans.
- Loan purpose. Peoples Bank may also evaluate the purpose of the loan when considering an application. For example, personal loans used for debt consolidation or home improvement may be viewed more favorably than those used for non-essential purchases.
Access on the go
Peoples Bank offers a range of digital banking options to provide customers with convenient access to their accounts and services. These include:
- Online banking. With an internet connection, customers can access their accounts and manage their finances from any computer or mobile device. Online banking allows customers to view account balances and transaction history, transfer funds between accounts, pay bills and set up account alerts.
- Mobile banking. Peoples Bank's mobile app allows customers to access their accounts from their smartphones or tablets. The mobile app lets customers view account balances and transaction history, transfer funds between accounts, pay bills, deposit checks, and locate nearby ATMs and branches.
- Mobile deposit. Peoples Bank's mobile app also allows customers to deposit checks remotely by taking a photo of the check with their smartphone or tablet.
- 24/7 customer service. Customers can contact Peoples Bank's customer service team 24/7 by phone, email, or online chat.
Products
Peoples Bank is a financial institution that offers a range of products and services to individuals and businesses in the United States.
- Checking and savings accounts. Peoples Bank offers several types of checking and savings accounts to meet the needs of its customers. These accounts include personal and business checking accounts, savings accounts, and money market accounts. In addition, the bank offers competitive interest rates and low or no fees on their accounts.
- Credit and debit cards. Peoples Bank offers credit and debit cards to its customers. The bank offers Visa and Mastercard credit cards that provide rewards for qualifying purchases. They also offer debit cards that can be used for purchases or ATM withdrawals.
- Loans. Peoples Bank offers a range of personal and business loans. These loans include personal, home, auto, and business loans. The bank's loan specialists can assist customers in finding the right loan product to fit their needs and financial situation. The application process is simple and quick, and the bank offers competitive interest rates and terms.
- Investment services. Peoples Bank offers investment services to its customers, including financial planning, retirement planning, and investment management. The bank's investment advisors can work with customers to develop a plan that meets their financial goals and objectives.
- Online and mobile banking. Peoples Bank offers online banking and mobile banking services to its customers. These services allow customers to access their accounts, pay bills, transfer funds, and manage their finances from their computers or mobile device. The bank's online and mobile banking services are available 24/7 and are secured with advanced encryption technology.
- Insurance. Peoples Bank offers its customers a range of insurance products, including life insurance, auto insurance, and home insurance. These products are designed to protect customers and their families in the event of an unexpected event.
Which associations does Peoples Bank belong to?
Peoples Bank is a financial institution that operates in the United States. As a member of the banking industry, Peoples Bank belongs to several associations that serve to promote the interests of the banking industry and protect the rights of consumers.
Banks in the United States that the federal government charters are required to become members of the Federal Reserve System. So, Peoples Bank should be an FRS member as well.
Peoples Bank is also a member of the Federal Deposit Insurance Corporation (FDIC), a government agency that provides insurance for bank deposits up to a certain amount. The FDIC serves to protect consumers by ensuring that their bank deposits are safe and secure, even in the event of a bank failure.
Peoples Bank reliability
Peoples Bank is a financial institution that operates in the United States, serving various personal and business banking needs. When considering the reliability of Peoples Bank, there are several factors to take into account.
- History and reputation. Peoples Bank has been in operation for over 100 years and has established a solid reputation as a trustworthy and reliable financial institution. The bank has also been recognized for its financial stability by Bauer Financial, which has awarded Peoples Bank a four-star rating for its financial strength and stability.
- Financial stability. The bank is well-capitalized and has consistently reported strong financial results over the years. As of December 31, 2023, Peoples Bank had approximately $7.2 billion in total assets.
- Strong commitment to customer service. The bank offers a wide range of banking products and services to meet the needs of its diverse customer base. These services include personal banking, business banking, wealth management, and mortgage lending. The bank also provides various online and mobile banking options to make banking more convenient for its customers.
- Security and privacy. The bank has implemented various security measures to protect its customers' personal and financial information, including encryption and multi-factor authentication. The bank also provides its customers with fraud monitoring and alerts to help detect and prevent fraudulent activity.
Peoples Bank vs. Community Bank
Peoples Bank and Community Bank are both financial institutions that offer similar services, such as savings accounts, checking accounts, loans, and other financial products. However, there are some key differences between the two:
- Size and scope. Peoples Bank is often larger than Community Banks, with more branches and a more comprehensive range of services. As a result, Peoples Bank may be able to offer more advanced financial products and services, such as investment accounts, insurance, and trust services.
- Ownership and structure. Community Banks are usually locally owned and operated, focusing on serving their specific communities. In contrast, Peoples Bank may be part of a larger regional or national chain with a more corporate structure.
- Customer service. Community Banks often pride themselves on offering personalized customer service, with staff that knows their customers by name. Peoples Bank may also offer good customer service but may have a more extensive customer base and may not be able to offer the same level of personalized attention.
- Fees and rates. Both Peoples Bank and Community Bank may charge fees for certain services, such as ATM usage or overdrafts. However, the fees and rates may vary between the two institutions, and customers should compare the options to see which institution offers the best rates and fees for their needs.
- Focus on the community. Community Banks typically have a strong commitment to serving the local community, often through community events, sponsorships, and charitable giving. Peoples Bank may also have a community focus, but it may be less pronounced than with a community bank.
Ultimately, the choice between Peoples Bank and Community Bank will depend on individual preferences and needs. Some customers may prefer the personalized service and community focus of a Community Bank, while others may prefer the convenience and advanced services of a larger institution like Peoples Bank.
Peoples Bank vs. TIAA Bank
Peoples Bank and TIAA Bank are both financial institutions that offer a variety of financial products and services. However, there are some key differences between the two:
- Size and scope. TIAA Bank is a national bank with a wide range of financial products and services, including retirement planning, investment products, and insurance, while Peoples Bank is a smaller regional bank with a focus on traditional banking services such as checking accounts, savings accounts, and loans.
- Ownership and structure. TIAA Bank is owned by TIAA (Teachers Insurance and Annuity Association of America), a financial services organization that focuses on serving the financial needs of people in the academic, medical, cultural, and research fields. In contrast, Peoples Bank is often locally owned and operated, focusing on serving the community's needs.
- Interest rates and fees. TIAA Bank may offer more competitive interest rates on certain financial products, such as savings accounts and CDs, than Peoples Bank. However, the fees and rates may vary between the two institutions, and customers should compare the options to see which institution offers the best rates and fees for their needs.
- Customer service. TIAA Bank offers 24/7 customer service, including online and mobile banking, as well as a network of financial advisors to help customers with investment and retirement planning. Peoples Bank may also offer good customer service but may have a smaller customer service team and may not have the same level of advanced services as TIAA Bank.
- Focus on retirement planning. TIAA Bank strongly focuses on retirement planning and offers a variety of retirement planning products and services, including retirement savings accounts, annuities, and investment products. Peoples Bank may offer some retirement planning options but may not have the same level of expertise or variety of products as TIAA Bank.
Ultimately, the choice between Peoples Bank and TIAA Bank will depend on individual preferences and needs. Some customers may prefer the more advanced financial products and retirement planning services offered by TIAA Bank. In contrast, others may prefer the personalized service and community focus of a smaller institution like Peoples Bank.
Peoples Bank vs. Capital One
Peoples Bank and Capital One are both financial institutions that offer a range of financial products and services, but there are some key differences between the two:
- Size and scope. Capital One is a larger bank with a national presence, while Peoples Bank is typically a smaller regional bank focusing on the local community. As a result, Capital One may offer a wider range of financial products and services, including credit cards, auto loans, and investment products.
- Interest rates and fees. The interest rates and fees charged by Peoples Bank and Capital One may vary depending on the specific financial products and services offered. Capital One may offer more competitive rates on some products, such as credit cards, savings accounts, and CDs, while Peoples Bank may have better rates on other products, such as personal loans or mortgages.
- Customer service. Both Peoples Bank and Capital One offer customer service through a variety of channels, including online and mobile banking, telephone support, and in-person at branch locations. However, Capital One may have more resources available for customer support, including a more significant customer service team and more robust online and mobile banking options.
- Focus on the community. Peoples Bank is often locally owned and operated, focusing on serving the community's needs. Capital One may also have a community focus, but its focus may be more on serving a broader range of customers across the country.
- Credit decisions. When it comes to loans and credit products, both Peoples Bank and Capital One will consider a range of factors, including credit history, income, and debt-to-income ratio. However, their lending criteria and decision-making processes may differ, so customers should compare the options to see which institution is more likely to approve their loan application.
Ultimately, the choice between Peoples Bank and Capital One will depend on individual preferences and needs. Some customers may prefer the personalized service and community focus of a smaller institution like Peoples Bank. Others may prefer the wider range of products and services offered by a larger institution like Capital One.
Peoples Bank vs. Citibank
Peoples Bank and Citibank are well-known financial institutions offering a range of banking products and services. However, here are some key differences between the two:
- Size and Reach. Citibank is a global bank with a presence in more than 160 countries, while Peoples Bank is a regional bank based in the United States Pacific Northwest.
- Products and Services. Citibank offers a broader range of banking products and services than Peoples Bank, including credit cards, investment products, and wealth management services. Peoples Bank focuses primarily on consumer and commercial banking products and services.
- Fees and Rates. Citibank generally charges higher fees than Peoples Bank, particularly for accounts with lower balances. However, Citibank also tends to offer higher interest rates on its deposit accounts.
- Technology. Citibank is known for its advanced mobile and online banking platform, which includes features like mobile check deposits and digital wallets. Peoples Bank offers online and mobile banking, but its technology is generally considered less sophisticated than Citibank's.
- Customer Service. Both banks generally have positive customer reviews, but Peoples Bank is often praised for its personalized and friendly service. Citibank has faced criticism in the past for poor customer service, particularly in its call centers.
Overall, Citibank may be a better choice for customers looking for a wider range of products and services. At the same time, Peoples Bank may be a better fit for those who prioritize personalized service and lower fees.
