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A brief history of Peoples Bank

A brief history of Peoples Bank

Peoples Bank’s roots are grounded in farming.

Beginning in 1917 in Grand Junction, Iowa, Peoples Bank primarily served farmers in the area. It continued to serve in that role until January 1991, when Green Circle Investments Inc. purchased the bank and added another bank in Rippey.  

During the next four years, Peoples Bank experienced significant growth, increasing total assets by about 33%. In 1994, the bank added its third branch, purchasing a local bank in Guthrie Center. By March 1996, total assets had increased by nearly 50% since 1990, thanks to aggressive growth and focus on community lending.

In 1996, the acquisition of a bank in Jefferson, which also operated a branch in Scranton, nearly doubled Peoples Bank’s total assets again. While growth came fast, the bank still placed a continued focus on community engagement in rural cities. Five years later, in early 2001, Peoples Bank opened its sixth branch, in Adel.

The seventh branch came five years later, on Aug. 1, 2006, when Peoples Bank opened a brand-new building in Clive, its first foray into the metro market. The two-story building serves as the central hub of the bank and stands out with its bold design on University Avenue. In 2007, the metro expansion continued with a purchase of a bank in Waukee. In 2013, the bank opened its newest branch in Ogden.

The Rigler family bought Peoples Bank in late 2017 and has continued to focus on community in both rural and metro markets.

In 2018, Peoples Bank rolled out a refreshed brand and new look, giving a nod to the bank’s more than a century of history. The new green and blue logo alluded to the bank’s roots in farming by encapsulating the fields of Iowa and the blue skies across the state. And the new name continued to underscore what the company is all about: people.

Shortly after the brand refresh, Peoples Bank launched a campaign focused on protecting Iowa’s environment and giving back to the community in new, unique ways. Power Up @ Peoples included implementation of solar power at eight of the nine branches and electric vehicle stations at the Clive, Waukee and Adel branches. 

Today, Peoples Bank has nine branches — in Clive, Waukee, Adel, Guthrie Center, Jefferson, Ogden, Grand Junction, Rippey and Scranton — and is still very much in touch with its farming roots.