July 26, 2014 3:35 PM ET

Banks

Company Overview of PSB Group, Inc.

Company Overview

PSB Group, Inc. operates as the holding company for Peoples State Bank, which provides customary retail and commercial banking services to individuals and businesses in Michigan. The company offers a range of deposit products, including commercial checking and small business checking products; individual retirement accounts; and retail deposit services, such as certificates of deposits, money market accounts, savings accounts, and checking account products. It also provides commercial loans, including commercial real estate loans, operating lines of credit and other commercial term loans, construction loans, and SBA-guaranteed loans; real estate loans that include residential mortgages; cons...

1800 East Twelve Mile Road

Madison Heights, MI 48071

United States

Founded in 2003

123 Employees

Phone:

248-548-2900

Fax:

248-399-7905

Key Executives for PSB Group, Inc.

Chief Executive Officer
Chief Operating Officer and Executive Vice President
Age: 54
Chief Credit Officer and Executive Vice President
Age: 57
Senior Vice President of Marketing
Age: 56
Senior Vice President of Residential Mortgages
Age: 59
Compensation as of Fiscal Year 2014.

PSB Group, Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of PSB Group

An Administrative Law Judge has issued an Initial Decision of Default as to PSB Group, Inc.. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against PSB Group For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of PSB Group, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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