A Coldwater bank with a distinct identity
This profile covers The Peoples Bank Co. (Coldwater, Ohio). [1]
The Peoples Bank Co. is the Ohio-chartered bank headquartered at 112 West Main Street in Coldwater, with FDIC certificate 13220. It is a state nonmember institution supervised federally by the FDIC. The certificate, headquarters and pbc.bank website identify the specific banking company covered here; the commonly used Peoples name alone is not sufficient to distinguish it from other banks. [1]
The bank’s history says it operates independently as a subsidiary of The Peoples Holding Co. That holding company was formed in 1998, with the bank continuing its existing community-bank business. Independence in this context describes the bank’s corporate history and positioning, rather than an absence of a parent company. [3]
From partnership to a local network
The business began in Coldwater in 1902 as a partnership established by Henry C. Fox, Anthony Rathweg and H. F. Hoffman. It incorporated as an Ohio state-chartered bank in 1905 with $25,000 of capital. That distinction explains why the bank celebrated its 120th anniversary in 2025, even though the original banking partnership was older. [3]
The current network lists seven offices: two in Coldwater, two in Celina, and one each in Burkettsville, Rockford and St. Marys. The Coldwater headquarters remains on West Main Street. The North Street office provides another point of access in the home town, while the other locations connect the franchise with neighboring western Ohio communities. This is a compact regional branch system rather than a statewide retail network. [4]
Agriculture and business cash flow
The bank’s business lending menu covers installment and short-term loans, revolving credit, and agricultural borrowing. Floor-plan financing helps businesses finance inventory before it is sold; the bank gives farm equipment and computer inventory as examples. The agricultural offering includes financing for land, facilities, livestock, machinery, vehicles and inventory, reflecting customers whose needs involve both durable assets and operating expenses. [5]
Its revolving credit description specifies an annual review and renewal process and a variable rate linked to prime. The bank also describes linking a revolving line with a checking account through a sweep arrangement. For a farm or other seasonal business, such a structure connects day-to-day receipts and payments with a borrowing facility. Availability of these products does not establish what share of the current portfolio is agricultural or commercial. [5]
Household borrowing and card services
Personal lending includes mortgages, home construction, home equity, installment credit, auto loans and shorter-term borrowing. The bank’s personal credit page separates these uses rather than presenting a single general-purpose loan. It also offers credit cards, with account access and payment services described alongside its branch-based service options. The public product menu establishes the kinds of credit offered, without substituting for individual underwriting terms. [7]
The same page describes card fraud text alerts and an account-updater service. The updater can send changed card details to participating merchants when a card is reissued, helping recurring payments continue. Merchant participation is optional and the page provides an opt-out process. These details illustrate the operational side of retail banking: maintaining payment continuity and alerting customers to suspicious activity, alongside extending credit. [7]
Payments and business administration
Peoples provides business online banking with balances, cleared-check information, account transfers, loan payments, electronic statements and activity reporting. Customers can schedule, review and approve ACH transactions such as payroll, and submit wire requests. The bank also lists Positive Pay and ACH alerts, services intended to help customers oversee outgoing payments and identify exceptions. [6]
Merchant card processing is provided through FiNet Business Solutions, an Ohio-based service provider identified on the bank’s website. This arrangement extends the relationship beyond lending and deposit holding to the collection of customer payments. The bank can help a business move from an existing processor, but its description does not mean that every business customer uses that provider or that all processing technology is operated directly by the bank. [6]
A dated financial and credit view
At June 30, 2026, The Peoples Bank Co. reported $859.237 million in assets and $738.757 million in deposits in the FDIC’s financial dataset. Those numbers describe the insured bank and use the same quarter-end date as the other Ohio profiles in this series. They should not be confused with an undated rounded total on a bank marketing page or with a holding-company balance sheet. Net loans and leases were $454.276 million. Bank net income totaled $7.021 million for January through June 2026; that earnings figure covers six months, not the second quarter alone. [2]
The same report recorded $344.893 million of securities and $389.841 million of loans secured by real estate. It also reported $366,000 of nonaccrual loans, a category in which normal interest-income recognition has stopped. That amount does not include every type of overdue loan, and a single quarter’s balance does not establish a trend in credit quality. [2]
Recent continuity and historical expansion
The bank’s history identifies a 2013 purchase of two Mercer Savings Bank branches, with the customers integrated into Peoples locations in Coldwater and St. Marys. It also records the introduction of mobile and business online banking in 2014. In its 2025 retrospective, the bank highlighted its incorporation anniversary and the anniversaries of its North Street and St. Marys offices. [3]
The current seven-office directory documents the present footprint; the 2013 transaction explains part of its development. It should not be read as evidence of a newly announced acquisition. [3][4]
Sources
- FDIC BankFind: legal identity and charterOfficial sourceBack to text: ↑1↑2
- FDIC: bank financials, June 30, 2026Official sourceBack to text: ↑1↑2
- The Peoples Bank Co.: history and ownershipSourceBack to text: ↑1↑2↑3↑4
- The Peoples Bank Co.: seven branch locationsSourceBack to text: ↑1↑2
- The Peoples Bank Co.: business and agricultural lendingSourceBack to text: ↑1↑2
- The Peoples Bank Co.: business payment servicesSourceBack to text: ↑1↑2
- The Peoples Bank Co.: personal loans and creditSourceBack to text: ↑1↑2↑3