Peoples Bank and Trust Co. was founded in 1924, as Peoples Bank of Hawk Point. It was the successor to the Bank of Hawk Point which was founded in the late 1800s. Peoples Bank was one of the few banks in the area to survive the Great Depression of the 1930s and only closed during the period that President Roosevelt declared the bank holiday, briefly closing all banks in the country.
In 1978, Peoples Bank of Hawk Point purchased Citizens Bank of Troy. On December 18, 1978, the name was changed to Peoples Bank of Lincoln County and the main offices opened in Troy, MO at the present location of 430 E. Wood. Over the years, numerous additions have been made and PB&T is now a 3-story building with separate Bookkeeping and IT Department additions.
In 1990, a second facility was built on Hwy 47 in Troy. Due to the expanding volume, a larger building was needed shortly thereafter. The present location at #9 Troy Square was built in 1995 and continues to serve the residents and businesses on the northern part of the town.
The decision was made to open a branch in St. Charles County due to the westward expansion of the county. O'Fallon, MO was selected as the building site and business opened on October 1, 1996. Today that location continues to grow both in deposits and loans.
In 1998, Peoples Bank & Trust absorbed a new branch from Winfield Banking Company, which made the bank have five locations: Troy, Troy Facility, Hawk Point O’Fallon and Winfield.
In an effort to continue to offer new products and services to our customers and community, Peoples Bank purchased Vacations Travel Agency in 2001. This business is housed in the lobby of the Main Bank at 430 E. Wood and does about $1 million in travel sales each year.
On March 1, 2005, Peoples Bank & Trust opened a new branch in Elsberry, MO in order to meet the needs of customers in northern Lincoln County.
PB&T's latest expansion has been in Bowling Green, MO. On September 21, 2007, Peoples Bank & Trust opened its first location in Pike County on Business Highway 61. PB&T currently employs approximately 150 employees throughout its seven branches and has over $350 million in assets.