Banking Locally: Why It Matters More Than Ever
In today’s globalized, phone-obsessed world, financial institutions are more interconnected than ever. However, despite the slew of banking options available, there’s a compelling case for choosing The Peoples Bank, which is a local bank, over a large corporate institution. Banking locally offers unique advantages that extend far beyond individual convenience – this choice really boils down to being able to talk to people from your community and develop a long-term relationship. Banking locally also strengthens our community, boosts our local economy and promotes healthy relationships.
Personalized Service and Relationships
The most beneficial reason to bank locally is the attention you will receive. At The Peoples Bank, you can step into any one of our branches and more than likely see a familiar face and someone you feel comfortable working with on whatever financial services you need. Let’s face it, if you are dealing with a corporate bank or financial institution, you will never get the personal attention you will receive from a local bank. Because The Peoples Bank is deeply rooted in the community, our staff understands the unique needs and challenges of Mississippi Gulf Coast businesses and residents. When you bank with us, you’re more than a customer. You're a friendly acquaintance who will receive personalized service.
This personal touch extends to decision-making as well. Loan approvals and other financial decisions are made locally by people who understand our local economy and are more willing to consider individual circumstances. This can be particularly beneficial for small business owners or individuals with unique financial situations who might not fit the strict criteria of larger banks.
Lower Fees and Competitive Rates
Along those same lines, The Peoples Bank can often provide lower fees and more competitive interest rates than large financial institutions. Additionally, because we like to see a focus on community reinvestment, we are more likely to work with customers to find solutions that suit their financial needs, making banking more accessible and equitable.
Boosting Local Economy
Something else to consider when you choose to bank with The Peoples Bank -- your money stays within your community. Local banks reinvest deposits in the form of loans to local businesses, homeowners and community projects. This creates a ripple effect, driving economic growth and job creation in our area. Small businesses, which account for a significant portion of job growth in the United States, often prefer local banks like The Peoples Bank for loans.
By banking locally, you directly contribute to the vitality of your local economy, which helps our local businesses thrive and ensures our local economy continues to grow and prosper.
Strengthening Community Ties
At The Peoples Bank, we understand community connections. We encourage our employees to get involved and invest their time and talents volunteering in our community. That mindset is embodied through both our President & CEO Chevis Swetman and our Executive Vice-President Wes Fulmer, who have set the bar high for involvement in the community. They both inspire and encourage all of our employees to get involved and stay involved. Both Chevis and Wes are past recipients of the Pat Santucci “Spirit of the Coast” Award.
Also, when an unfortunate local situation occurs, such as a hurricane, The Peoples Bank will be there to help with things like disaster recovery efforts and will have the local understanding to provide financial assistance and flexibility to our customers in times of need. Our localized focus enables us to respond quickly and effectively to the unique challenges the Mississippi Gulf Coast communities would face.
Investing
If you have additional funds to invest in stocks, IRAs or other investment options, it’s nice to know that The Peoples Bank has you covered locally there as well. We have local investment advisors in our Asset Management and Trust Department with whom you can meet face-to- face, make decisions and develop long-term relationships.
Choose Local
Choosing to bank with The Peoples Bank is a powerful way to make a positive impact on our community, neighbors and even the planet. In a world where financial decisions often feel impersonal and disconnected, The Peoples Bank provides just the opposite. At The Peoples Bank we value our customers on a personal level, and this philosophy benefits you.
Think about the impact your choice to bank at The Peoples Bank can have. For those who already bank with us, we thank you! By banking locally, you’re not just managing your money—you’re investing in relationships, people and our community.