Peoples Exchange Bank (KY) is headquartered in WINCHESTER and is the 31st largest bank in the state of Kentucky. It is also the 1,704th largest bank in the nation. It was established in 1912 and as of March of 2023, it had grown to 94 employees at 9 locations. Peoples Exchange Bank (KY) has a B+ health rating.
I have been banking with People's Bank, mostly at the main Mount Sterling, KY, for over 5 years. In this time I have realized that having a small, and personal banking experience doesn't mean a more professional banking experience. The bank has one challenge in particular that I can't seem to get past with them. With all of their checking/debit card accounts they have a $300 a day limit. At first I thought this was bizarre having banked a number of larger places and have near heard of being limited to my cash funds. I asked People's what we could do to get the amount raised over remove the block. The answer is always the same, "come in and fill out the forms , and we will raise it." Well my wife and I have done this about 3 times, and each time we wait and wait, and we NEVER HEAR ANYTHING ABOUT IT AGAIN. We both have good to great credit, and even if they decided to not grant the request I would expect to hear something, but no. Nothing. This happens regularly with People's Exchange Bank, it seems there is no follow through or possible the world's longest back log of work. That said many of the basic functions I need from a bank are fine, the online was recently upgraded, which is good because that was a problem. So basically I think it deserves a C for a grade and I would prefer a different local bank if I had better options,
Overall | |
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FDIC Certificate # | 8785 |
Year Established | 1912 |
Employees | 94 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.75% |
Return on Equity - YTD | 9.01% |
Annual Interest Income | $5.4MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $522.8MM$516.9MM |
Loans | Q1 2023vs Q1 2022 | $415.2MM$367.1MM |
Deposits | Q1 2023vs Q1 2022 | $445.8MM$456.8MM |
Equity Capital | Q1 2023vs Q1 2022 | $44.4MM$44.0MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $4.9MM$4.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $366.00K$168.00K |
Real Estate Owned | Q1 2023vs Q1 2022 | $68.00K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.01%* | - | $10k | Kasasa Saver Account | ||
OTHER TIERS: 0.50% → $10k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.02%* | - | $10k | Kasasa Cash Checking | ||
OTHER TIERS: 0.10% → $10k+ |
Peoples Exchange Bank (KY) Locations | ||
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Winchester Main Branch | 53 E Pendleton Street | Stanton, KY 40380 |
Winchester Branch | 175 Brooks Place Way | Winchester, KY 40391 |
Stonewall Branch | 3101 Claysmill Rd. | Lexington, KY 40503 |
Lexington Main Branch | 901 Richmond Road | Lexington, KY 40502 |
Peoples Exchange Bank | 101 N Main St | Winchester, KY 40391 |
Mount Sterling Main | 560 Indian Mound Drive | Mount Sterling, KY 40353 |
Beattyville | 7 HWY 11 South | Beattyville, KY 41311 |
Georgetown South Broadway Branch | 923 South Broadway | Georgetown, KY 40324 |