Peoples Exchange Bank (KY)


Overview / Commentary
859-744-9400
101 North Main Street
Winchester, KY 40391

Peoples Exchange Bank (KY) is headquartered in Winchester and is the 33rd largest bank in the state of Kentucky. It is also the 1,759th largest bank in the nation. It was established in 1912 and as of June of 2021, it had grown to 88 employees at 10 locations. Peoples Exchange Bank (KY) has an A 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

Health Grade Components

Overall
FDIC Certificate #8785
Year Established1912
Employees88
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD11.57%
Annual Interest Income$9.0MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$488.4MM$439.8MM
LoansQ2 2021vs Q2 2020$354.6MM$347.6MM
DepositsQ2 2021vs Q2 2020$429.0MM$371.9MM
Equity CapitalQ2 2021vs Q2 2020$44.3MM$40.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.4MM$4.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$364.00K$539.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$63.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Peoples Exchange Bank (KY) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*-$10kKasasa Saver Account
OTHER TIERS: 0.50% $10k+

Peoples Exchange Bank (KY) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Kasasa Cash Checking
Locations


Cities: Beattyville, Clay City, Georgetown, Lexington, Mount Sterling, Stanton, Winchester

Beattyville Branches
Beattyville7 HWY 11 SouthBeattyville, KY 41311

Clay City Branches
Clay City Branch5377 Main StreetClay City, KY 40312

Georgetown Branches
Georgetown South Broadway Branch923 South BroadwayGeorgetown, KY 40324

Lexington Branches
Stonewall Branch3101 Claysmill Rd.Lexington, KY 40503
Lexington Main Branch901 Richmond RoadLexington, KY 40502

Mount Sterling Branches
Mount Sterling Branch212 Apperson HeightsMount Sterling, KY 40353
Mount Sterling Main560 Indian Mound DriveMount Sterling, KY 40353

Stanton Branches
Winchester Main Branch53 E Pendleton StreetStanton, KY 40380

Winchester Branches
Winchester Branch175 Brooks Place WayWinchester, KY 40391
Peoples Exchange Bank101 North Main StreetWinchester, KY 40391

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