The unmistakable smell of a barbeque flooded Liberty and Jefferson St. on Wednesday, drawing a crowd to the Jefferson Building where the Peoples Savings Bank cut the ribbon at their new location.
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The unmistakable smell of a barbeque flooded Liberty and Jefferson St. on Wednesday, drawing a crowd to the Jefferson Building where the Peoples Savings Bank cut the ribbon at their new location.
Derek Stuckenschneider, Regional President of Peoples Savings Bank cut the ribbon and was presented with the business’ first dollar of profit by the Mexico Area Chamber of Commerce.
Peoples Savings Bank has quite a history here in Missouri opening its first bank in 1935 in Rhineland.
“We are an independent, locally owned bank.” says Stuckenschneider
In 1993 the Missouri River broke through the levees in what is now called, “the great flood”. Floodwaters filled the Rhienfield lobby in July and August prompting the bank to open temporary branches in Hermann and Big Spring.
Two years later, in 1995, after the Rhineland location moved out of the flood plain, Peoples Savings Bank decided to establish a permanent, full service branch in Hermann. The Hermann branch now houses central operations for Peoples Savings Bank.
The bank quickly gained momentum after that, opening up a third location in New Florence in 1997 and by 2004, plans for two more locations were underway.
Currently, People Savings Bank currently serves 12 communities divided into three regions here in Missouri. Stuckenschneider’s region includes Mexico, Montgomery City, New Florence, Bowling Green and Clarksville.
“One saying that our CEO has is, ‘If our communities succeed, we succeed.’” says Stuckenschneider.
Stuckenschneider is originally from Martinsburg and has been with Peoples Savings Bank for four years though he has twenty years of banking experience under his belt. He brings with him two fellow Martinsburg bankers, Bob Darr and Nan Webber to Mexico.
In order to ensure success in the community, the bank likes to look beyond the financials and get involved with events such as this lunch.
Tim Schulte and Duane Kraettli were hard at work grilling up hamburgers and bratwurst on the bank's barbeque grill.
This celebratory lunch was for the community just as much as it was an opportunity for board members and shareholders to mingle and check out the new space.
“It was just really nice for them to be able to meet our customers, see the customer base, see our community and how the support system is.” says Stuckenschneider.
