Community Reinvestment Act

Peoples State Bank is committed to meeting the requirements of the Community Reinvestment Act (CRA).  The CRA is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate.  The CRA requires that each deposit institution’s record in helping meet the credit needs of its entire community be evaluated periodically.  CRA evaluations for Peoples State Bank are conducted by the Board of Governors of the Federal Reserve System, the federal agency responsible for supervising the bank.  The list below is required to be made available to the public and is current as of April 1st of each year.


CRA Performance Evaluation Public Disclosure

CRA Performance Evaluation Public Disclosure

Peoples State Bank Locations and Hours

Locations and Hours

Branch Geographies

Plainiview, MN (Main Office)

Elgin, MN

Altura, MN

Boyceville, WI

Menomonie, WI

Branches Opened and Closed

Branches Opened and Closed

Products and Services

Personal Checking

Personal Savings

Personal Loans

Personal Services

Business Checking

Business Savings

Business Loans

Business Services

Agricultural Loans

Additional Services

Fee Schedule

Loan-to-Deposit Ratio History

Loan-to-Deposit Ratio History

Peoples State Bank CRA Assessment Areas

Minnesota – Wabasha and Olmsted Counties

Minnesota – Winona County tract codes


Home Mortgage Disclosure Act (HMDA) Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s website ( HMDA data for many other financial institutions are also available at this website.

Written Comments and Responses to Comments

Currently none

Submitting Written Comments

At least 30 days before the beginning of each quarter, the Federal Reserve System publishes a list of the banks that are scheduled for CRA examination in that quarter. This list is available from:

Community Reinvestment Office
Federal Reserve Bank of Minneapolis
90 Hennepin Ave
Minneapolis, MN 55480

You may send written comments about our performance in helping meet community needs to:

Warren Zabel, President Federal Reserve Bank of Minneapolis
Peoples State Bank of Plainview Regional Manager
100 4th Ave SE 90 Hennepin Ave
Plainview, MN 55964 Minneapolis, MN 55480

Your letter, together with any response from us, will be considered by the FRB in evaluating our CRA performance and may be made public.