Peoples Exchange Bank (KY)

Overview / Commentary
101 North Main Street
Winchester, KY 40391

Peoples Exchange Bank (KY) is headquartered in WINCHESTER and is the 30th largest bank in the state of Kentucky. It is also the 1,670th largest bank in the nation. It was established in 1912 and as of September of 2023, it had grown to 96 employees at 9 locations. Peoples Exchange Bank (KY) has a B+ health rating.

Reviews (1)

A home town bank that doesn't compete

Posted by: |

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,


Health Grade Components

FDIC Certificate #8785
Year Established1912
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD8.96%
Annual Interest Income$17.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$539MM$511.7MM
LoansQ3 2023vs Q3 2022$434.8MM$403MM
DepositsQ3 2023vs Q3 2022$456MM$449.8MM
Equity CapitalQ3 2023vs Q3 2022$44.1MM$41.6MM
Loan Loss AllowanceQ3 2023vs Q3 2022$5.1MM$4.8MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$247K$117K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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Peoples Exchange Bank (KY) Savings Account Rates

1.01%-$10kKasasa Saver Account

Peoples Exchange Bank (KY) Checking Account Rates

2.02%*-$10kKasasa Cash Checking
OTHER TIERS: 0.10% $10k+

Peoples Exchange Bank (KY) Locations
Winchester Main Branch53 E Pendleton StreetStanton, KY 40380
Winchester Branch175 Brooks Place WayWinchester, KY 40391
Stonewall Branch3101 Claysmill Rd.Lexington, KY 40503
Lexington Main Branch901 Richmond RoadLexington, KY 40502
Peoples Exchange Bank101 N Main StWinchester, KY 40391
Mount Sterling Main560 Indian Mound DriveMount Sterling, KY 40353
Beattyville7 HWY 11 SouthBeattyville, KY 41311
Georgetown South Broadway Branch923 South BroadwayGeorgetown, KY 40324

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