BNET Industries
Market Cap:$4.6M
Last Fiscal Year Sales:$32.6M
- Public
- US
Dow Jones Description
PSB Group, Inc. (the "Company") was formed on February 28, 2003 as a bank holding company for the purpose of owning Peoples State Bank (the "Bank") pursuant to a plan of reorganization adopted by the Bank and its stockholders. Pursuant to the reorganization, each share of Peoples State Bank stock held by existing stockholders of the Bank was exchanged for three shares of common stock of PSB Group, Inc. The reorganization had no consolidated financial statement impact. Share amounts for all prior periods presented have been restated to reflect the reorganization. In October, 2004, the Company formed a new subsidiary, PSB Capital, Inc. Through December 31, 2004, there had been no business conducted by PSB Capital, Inc. The Bank was incorporated and chartered as Peoples State Bank under the laws of the state of Michigan in 1909. In 1916, the Bank moved to the southeast corner of Jos. Campau and Holbrook in Hamtramck, where the main office at 9252 Jos. Campau remains today. Following several name changes and a merger with four small local banks in 1930, a plan of reorganization was accepted by the shareholders, and the name was changed to "Peoples State Bank" in November 1934.
Contact Information
1800 East Twelve Mile Road
Madison Heights, Michigan 48071
2485482900
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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PSB Group, Inc. Announces Third-Quarter Financial Results
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PSB Group, Inc. Announces Second-Quarter Financial Results
News & Analysis
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psb group inc. - All News and Analysis
Mike Tierney, PSB Group Inc.: The people's boss
- 2007-09-01
To Mike Tierney, success is satisfying one customer at a time, and that can only be done by your employees. The president and CEO of PSB Group Inc., a holding company for People's State Bank, says that if employees don't believe in your message, then they won't be fully committed...
PSB Group buys back shares to save on Sarbanes-Oxley costs.(News)
- 2007-05-28
Byline: Tom Henderson A decision to skip the cost of Sarbanes-Oxley compliance was good last week for shareholders of Madison Heights-based PSB Group Inc., the bank-holding company for Peoples State Bank. The board of directors voted Wednesday to pay a premium to...
PSB Group, Inc. Announces Quarterly Dividend Payment
- 2005-01-24
MADISON HEIGHTS, Mich. -- The Board of Directors of PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, declared the payment of a quarterly cash dividend to Shareholders of Common stock. The dividend payment of...
PSB Group, Inc. Announces Quarterly Dividend Payment
- 2004-10-22
MADISON HEIGHTS, Mich. -- The Board of Directors of PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, declared the payment of a quarterly cash dividend to Shareholders of Common stock. The dividend payment of...
PSB Group, Inc. Announces Third-Quarter Earnings
- 2004-10-13
MADISON HEIGHTS, Mich. -- PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, announced net income for the third quarter of 2004 was $1,216,000, or $.42 per average outstanding share, compared to $1,039,000, or $.33...
PSB Group, Inc. Announces Quarterly Dividend Payment
- 2004-07-26
MADISON HEIGHTS, Mich. -- The Board of Directors of PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, declared the payment of a quarterly cash dividend to Shareholders of Common stock. The dividend payment of...
PSB Group, Inc. Announces Second-Quarter Earnings
- 2004-07-12
MADISON HEIGHTS, Mich. -- PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, announced net income for the second quarter of 2004 was $959,000, or $.33 per average outstanding share, compared to $963,000, or $.31...
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