When the bank opened, Hamtramck was still a village farmed by German immigrants. Assets began to boom with the auto industry in the teens and 1920s.
Excerpt:
Hamtramck Historical Commission Chairman Greg Kowalski takes a look back at the humble beginnings of the bank.
Peoples State Bank continued to grow through the years but never lost sight of its successful business formula. In 1986, the bank was rated No.1 in safety and soundness by Money magazine.
Peoples State Bank has changed much through the years. The bank building was remodeled to reflect a more modern age, and it greatly expanded operations by adding branch offices and merging with Madison National Bank in the 1990s as well as expanding the scope of its services.
Read the entire article
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.