Our Rich History

Since 1892, The Peoples Savings Bank has taken pride in outstanding personal service – currently being provided by the twenty-nine members of our experienced staff. We are locally owned, locally managed, and not part of a large, out-of-town financial holding company. As a local savings bank, we have a vital interest in the growth and success of Urbana, Champaign County, and the people who live here.

A Legacy of Mutuality and Service

For 133 years, we've operated as a mutual savings institution, serving the customers of Urbana and surrounding Champaign County. Unlike many other banks, our mutuality distinguishes us as a banking institution that prioritizes customers over shareholders. This commitment ensures that our focus remains on providing exceptional service and support to our community.

Faithful to Our Founding Ideals

The Peoples Savings Bank is proud to have remained faithful to its founding ideals for over a century. We continue to strive to exceed your financial service expectations with both our technology-based banking solutions and, more importantly, with the opportunity to personally serve you at either of our two locations.

Join Us in Building a Stronger Community

At The Peoples Savings Bank, we believe in the power of community. Our dedication to Urbana and Champaign County is reflected in everything we do. Join us as we continue to support and grow with the community we proudly serve.

Message from President/CEO

Meet the Team

A Look At Our Legacy

Since its founding in 1892, The Peoples Savings Bank has been a cornerstone of the Urbana community. From pioneering the first drive-through window in Urbana to expanding our services with additional branches, our journey is marked by a steadfast commitment to customer service and community growth. Over the years, our leadership has evolved, but our dedication to serving the people of Urbana and Champaign County has remained unwavering. As a mutual savings bank, we prioritize our customers above all, ensuring that our focus is always on providing exceptional financial services. Join us as we continue to build on our proud legacy.​

1892

The Peoples Savings & Loan Company was granted a charter by the State of Ohio to open for business in Urbana, Ohio.  

1958

L Richard Kadel became the President of the Bank 

1962

TPSB moved to its current location at 10 Monument Square with the 1st Drive Through window in Urbana 

1985

Brice L Kadel replaced his father as President of The Peoples Savings Bank. L Richard Kadel became the Chairman of the Board 

1989

618 Scioto St. Branch was opened 

1993

Peoples Savings & Loan Company changed from a state-chartered savings and loan to a state-chartered savings bank – then becoming The Peoples Savings Bank. As a mutual savings bank -- and thus having no stockholders -- our dedication continues to be to the people we serve. 

2005

Mr. Kadel resigned as Chairman and Dr. Charles Wingfield was appointed Chairman of the Board 

2018

Brice Kadel retired as President/CEO and Brian Nicol replaced Mr. Kadel as President/CEO 

January 2024

Dr. Charles Wingfield resigned as Chairman and Brian Nicol was appointed Chairman of the Board. 

December 2024

Brain Nicol retired as President/CEO of The Peoples Savings Bank. 

January 2025

Marsha Bumgardner became current President/CEO; also becoming the first female President/CEO in the bank's history.