Success of the year of banknotes, elects leaders

People First Bancshares – the Pana-based holding company for Peoples Bank & Trust, which has offices in Springfield, Waverly, Palmyra and White Hall in west-central Illinois – announced an annual increase in pre-tax profit of 7 , $ 1 million to $ 7.6 million. and an increase in assets of $ 60.3 million to $ 488 million.

Deposit volume increased $ 40 million to $ 413.1 million, while loans jumped $ 44.6 million to $ 322.3 million.

The increases were reported at its annual meeting, where achievements were detailed, including loan repayment relief for 776 borrowers, implementation of the SBA Payroll Protection Plan, and a new product from residential mortgage at fixed rate.

“Even with the challenges of the pandemic, our employees were able to continue to meet or exceed the expectations of our customers and our bank continued to support our communities,” said John Gardner, President and CEO. “Our team’s ability to focus on customer needs and live by our mantra of ‘putting people first’ has resulted in a year of record performance.”

The bank also recognized four long-term executives who are retiring – Marty Kerns, Judy Prasun, Ken Hart and David Sprigg.

Michael E. Beyers, John Gardner and Michael M. Trexler were re-elected to three-year terms as directors of the bank and the holding company. The other directors are David Slater, David Dorn Jr., Brad Davis and Christopher Swing.

At the organizational board meeting, which followed the annual meeting, Trexler was elected chairman of the board and Slater was elected vice-chairman. Other executives include Gardner, President and CEO; James Adcock, secretary; Terry Schafer, Assistant Secretary; and Craig Deere, Treasurer and Chief Financial Officer.

– Angela Bauer

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