About Us

Your family financial center

A little about Peoples Savings and Loan Company…

Our goal is to become your family financial center.  We are locally owned and operated.  Our staff is here to serve you.  Unlike big corporations, we make decisions on an individual basis, not by some arbitrary number.

Stop in sometime, we would be glad to let you know what we offer.  We want to earn your business.


David Coffman

– David Coffman, C.E.O., Peoples Savings & Loan Company

Welcome, from our CEO

Hello, I am David Coffman, CEO of Peoples Savings and Loan Company and I would like to welcome you to our website.  I hope you will find it useful and informative.  Peoples Savings and Loan Company has been independently owned and operated since its founding in 1888.  We are proud to be a supporter of the Crawford County community for over 130 years.

We specialize in loans for the purchase, construction, or remodel of your home, and we can also finance your automobile needs.  In addition to our lending products, Peoples Savings and Loan offers a variety of savings products including Passbook and Statement Savings, Checking accounts, Certificates of Deposit, and Individual Retirement accounts.  We also offer ATM/Debit Cards and free Online and Mobile Banking.

At Peoples Savings and Loan Company we take great pride in offering excellent service and continue to enhance or add new products to better serve our customers.  We have an experienced staff who can help you with all of your financial needs. We look forward to serving you and we hope that you will consider Peoples Savings and Loan Company as your community financial center.


Peoples Savings and Loan Company Board of Directors

L. Samuel Eichhorn

L. Samuel Eichhorn

Chairman of the Board

Steven Shields

Steven C. Shields

President

Gregory Schifer

Gregory A. Schifer

Vice President

William Fisher

William A. Fisher

Vice President

David Coffman

David A. Coffman

C.E.O., Exec Vice President

Renae Cox

Board Member

Brad Mckibben

Brad Mckibben

Board Member

Our History

The Founding of Peoples Savings Loan and Building Company

Forty people were in attendance at the first official meeting of Peoples Savings Loan and Building Company on January 27th, 1888. Our first location was in the insurance office of A. J. Richards.

January 27, 1888

First Building for Peoples Savings Loan and Building Company

The original building for PSALC in 1888.

The original building for Peoples Savings Loan and Building Company. This building, on the Quinby Block, was used only for a “short time” before we moved into our next location.

January 28, 1888

First loan made

The first loan made by Peoples Savings Loan and Building Company was on February 6, 1888 for $1,750.00.

February 6, 1888

Second Building with current name of Peoples Savings and Loan Company

The bank's second building with the current name of Peoples Savings and Loan Company.

This is our second building, found at 236 East Mansfield Street across from the YMCA.

In this year, the name of our institution was shortened to Peoples Savings and Loan Company.

July 4, 1888

Our third move for Peoples Savings and Loan Company

Thirty-seven years later, in October of 1925, we moved again.  This time we moved into our “spacious quarters” at 207 South Sandusky Ave.  The rooms in this building were considered to be spacious by 1925 standards.  The business started growing rapidly during this time.

October 8, 1925

50th Year Anniversary

Peoples Savings and Loan Company celebrates 50 years of service to our community.

January 27, 1938

75th Year Anniversary

Peoples Savings and Loan Company celebrates 75 years of service to our community.

January 27, 1963

Open House for new building

Full newspaper spread for People's Savings and Loan Company open house event in 1963.

Peoples Savings and Loan Company have an open house for their new building at South Walnut and East Rensselaer Streets. This was held on Saturday June 15th from 3:00 to 9:00PM.

June 15, 1963

100th Year Anniversary

Peoples Savings and Loan Company celebrates 100 years of service to our community.

January 27, 1988

Growing and planning for our new, current building

Article in the newspaper about growing into new building in 1999.

We started to quickly grow out of the building that was built in 1963. Our current employee count is 17.

June 4, 1999

Breaking ground at our current location

Newspaper article about PSALC breaking ground on new building in 2000.

We had outgrown our old location and decided to build a new building. This is an article about the new location’s ceremony.

April 4, 2000

Open house in our current building

Newspaper advertisement for PSALC open house event in 2001.

This is our open house for our new and current building. We started serving our community in the new building on Saturday, October 6th, 2001.

October 6, 2001

PSALC adds online banking

Customer using PSALC online banking on the website.

PSALC starts offering online banking free to all customers.

June 7, 2004

New CEO

Steven Shields

The PSALC board promotes Steve Shields into the CEO position.

January 1, 2013

125th Year Anniversary

Peoples Savings and Loan Company celebrates 125 years of service to our community.

January 27, 2013

New CEO

Renae Cox

The PSALC board promotes Renae Cox into the CEO position.

June 1, 2020

New CEO

David Coffman

The PSALC board promotes David Coffman into the CEO position.

January 21, 2024

Let's work together.

Peoples Savings and Loan Company is here to partner with you as more than just your bank. We will work with you to grow your investments. We're local and we are here to help. Stop in and see us in Bucyrus, or contact us today.