Dear Peoples State Bank Customers

Have you been thinking about the safety and soundness of your bank? Have you wondered whether your deposit accounts are structured to take advantage of all the FDIC insurance coverage available? Let me explain how you can avoid sleepless nights and eliminate the worrying.

You and millions of others have probably seen on the news or read in the paper about the recent failure of IndyMac Bancorp in California. You probably saw on TV the long line of customers waiting as the FDIC paid off the depositors. Some press reports stated that 50% of all banks in the U.S. would fail this year.

Let’s get the facts straight. Yes, it is true we will see a number of banks fail this year because the management teams of these banks made some very bad decisions. As usual greed was the underlying motivation.

Let me assure you, this is not the case at Peoples State Bank. Since 1913 we have managed our bank in a safe, sound, and prudent manner. You see, we have no sub-prime home loans or speculative real estate loans. We have never engaged in making these loans, nor will we ever make these risky loans.

Here are the facts. The enclosed memo from Mr. John Ducrest, Commissioner of Banking for the State of Louisiana, states that 98% of all state chartered banks in Louisiana are rated very high for safety and soundness. Although I am prohibited from disclosing our bank’s exact rating, I can tell you we are in the 98% category of the highest rated banks in the state!

Also read the enclosed press release from FDIC Chairman, Sheila C. Blair. She states, “The overwhelming majority of banks in this country are safe and sound”. I know you will rest easy knowing your bank, Peoples State Bank, is a safe, sound, well managed bank. You see I understand that our business is built upon public trust. I understand that the deposits you place in our bank are your money, not the bank’s money. Our first goal at Peoples State Bank is to always protect your deposits. This is a very simple concept, but why did some banks speculate with their depositor’s money?

Will Rogers once stated, “The return OF my money is always more important to me than the return ON my money.” This rings home so true today. Do you have money on deposit at different banks and/or investment brokers? Do you know whether those funds are insured by the FDIC? Well if this is your situation NOW is time to consolidate all those bank accounts and come back home to Peoples State Bank.

Bring in all your other bank statements and let our experienced bankers show you how to have the most insurance allowed by the FDIC. We will also give you some great advice on how to ensure you always have funds available to take advantage of rising interest rates.

Your business is so very important to me. Our goal is to create such a quality customer experience for you, that you NEVER consider any other bank for your financial needs. It is also very important to me that I always address any concerns you have in a factual and honest manner. It is the only way we conduct business at Peoples State Bank.

Should you have any questions please call me day or night. My cell phone number is 318-332-5209, and my direct office number is 318-256-0001. My goal as President is to always be accessible to you when you need me the most.

Yours truly,

President & CEO

Mail: Peoples State Bank
ATTN: J.J. Blake, III
PO Box 1200
Many, LA 71449
Phone: 318-256-2071

Message from Sheila Bair

Message from John Ducrest