MADISON HEIGHTS, Mich., March 25, 2008 (PRIME NEWSWIRE) -- Peoples State Bank announced the promotion of J. Andrew Rentzel. The announcement was made by Michael J. Tierney, President and CEO.
J. Andrew Rentzel was promoted to Vice President, Business Relationship Officer of the bank's Grosse Pointe Woods Office on Mack Avenue. Mr. Rentzel was Business Relationship Manager at the same office, and has worked at PSB for the past six months.
Previously Mr. Rentzel was Vice President, Business Banker at J.P. Morgan Chase. Mr. Rentzel has over 10 years experience with business development and sales training. Mr. Rentzel will be responsible for the profitability of the branch through the development of business relationships with current and new customers. Mr. Rentzel is a member of the Grosse Pointe Chamber of Commerce.
Peoples State Bank, a locally owned community bank founded in 1909, is a subsidiary of PSB Group, Inc. (OTCBB:PSBG), a bank holding company. The bank currently serves southeastern Michigan with 11 branch offices in Farmington Hills, Fenton, Grosse Pointe Woods, Hamtramck, Madison Heights, Southfield, Sterling Heights, Troy and Warren and two additional mortgage production offices in Ann Arbor and Howell. Total assets of the bank as of December 31, 2007 were $492,208,000.