|
|
 |
|
Welcome To The PeoplesSouth Family
Please feel free to contact the branch nearest you if you are experiencing any difficulties with this website. A list is provided below.
PeoplesSouth where you are treated like family.
Online Banking Messages and Updates
PSB would like to remind all of our friends and families that Hurricane season is fast approaching. First and foremost seek shelter immediately in the event of extreme weather. Weather can be monitored on your local television or radio channels. You can also visit www.nhc.noaa.gov to monitor current and changing weather conditions or patterns. Remember to protect your valuables during this or any season. PeoplesSouth Bank offers a variety of Safety Deposit Boxes to meet your needs. Please ask your local branch for details. As always, thank you for choosing PeoplesSouth Bank!
Online banking system will be down for updates on a daily basis as follows:
Monday through Thursday 4:30 - 5:00 p.m. central time
Friday 3:30 - 4:00 p.m. central time
Branch Locations - 19
For your convenience a list of locations and contact information is listed below.
Alabama Branches
Abbeville 519 Kirkland Street, 36310 Ph. 334-585-2237
Ashford 414 Broadway Street, 36312 Ph. 334-899-2265
Columbia 109 E Church St., 36319 Ph. 334-696-4431
Dothan 2926 Ross Clark Cir., 36301 Ph. 334-793-3909
Dothan 2861 John D. Odom Road, 36303 Ph. 334-983-3440
Eufaula 1245 S Eufaula Ave., 36027 Ph. 334-687-5400
Ozark 211 W. Reynolds St., 36360 Ph. 334-445-0037
Headland 617 E. Church St., 36345 Ph. 334-693-2120
Georgia Branches
Albany 701 N Westover Blvd., 31707 Ph. 229-483-0155
Americus 102 N Prince Street, 31709 Ph. 229-931-0111
Bainbridge 1449 Tallahassee, 39817 Ph. 229-243-1996
Colquitt 203 Crawford Street, 39837 Ph. 229-758-5511
Donalsonville 305 S. Tennille Ave., 39845 Ph. 229-524-1030
Florida Branches
Bonifay 2020 S. Waukesha St., 32425 Ph. 850-547-1200
Chipley 1615 Main St., 32428 Ph. 850-415-1320
Greenwood 4192 Bryan St., 32443 Ph. 850-594-4151
Malone 5408 Tenth Street, 32445 Ph. 850-569-2264
Marianna 2546 Commercial Park Dr, 32446 Ph. 850-526-4331
Sneads 8146 Hwy 90, Sneads, FL. 32460 Ph. 850-593-1183
PeoplesSouth Bank & PeoplesSouth Bancshares, Inc. Excessive or Luxury Expenditures Policy
This policy fulfills the requirements outlined in Section 111 of the Emergency Economic Stabilization Act of 2008 (EESA), as amended by the American Recovery and Reinvestment Act of 2009 (ARRA) enacted on February 17, 2009. Under the interim final rule (31 CFR Part 30), ARRA requires each recipient of funds under the Capital Purchase Program (CPP) of the Troubled Assets Relief Program (TARP) to have in place a company-wide policy regarding excessive or luxury expenditures, as identified by the Secretary of the Department of the U.S. Treasury. PeoplesSouth Bancshares, Inc. (Company) and its subsidiary, PeoplesSouth Bank, prohibit excessive or luxury expenditures on entertainment and events, office or facility renovations, aviation or other transportation services, or other activities or events that are not reasonable expenditures for conferences, staff development, reasonable performance incentives, or other similar measures conducted in the normal course of business operations of PeoplesSouth Bank. This policy applies to all employees, officers, and directors of the Company and PeoplesSouth Bank.
Renovations:
Renovations of facilities and office spaces should be relative to the approved current budget and/or strategic plan, and tracked within the Company’s expense authorization policy. An exception to this is allowed in the event management must deal with an emergency situation, such as an act of nature, and the expenditure is necessary to make the facility operational for either employee or customer use. At no time should renovations be considered that would have the appearance of being extraordinary or excessive from the perspective of a reasonable shareholder.
Entertainment:
Entertainment is defined as an activity that an employee, officer, or director would pay for using corporate funds for business-development purposes relating to a current or prospective customer or for enhancing the Company’s marketing efforts. All entertainment expenses ultimately paid by the Company shall be for legitimate business purposes and be used to steer and/or increase business to PeoplesSouth Bank. Taking a customer or a prospective business client to a dinner or other meal, buying small gifts for customers or prospective customers, (or similar activities) is a necessary part of the Company’s marketing efforts and is not deemed unreasonable “entertainment” or a violation of this policy. These expenses should be documented, and the benefit to be derived by the Company or the PeoplesSouth Bank from such expenditures should be detailed.
Conferences:
The Company and PeoplesSouth Bank may have their employees attend conferences or schools that provide appropriate educational opportunities. These conferences/schools should be related to the financial-services industry and should be directly relevant to the employee’s job. Typically, these conferences are sponsored by vendors, banking associations, or other industry-related entities. At times it may be acceptable that an employee’s spouse accompany him or her to such a conference. In the event that a spouse travels to the conference, the spouse’s travel expenses will not be paid by the Company. This policy prohibits Company-or PeoplesSouth Bank-funded attendance at any conference/school that does not offer appropriate, legitimate educational opportunities.
Holiday Parties:
The Company believes that an annual Christmas party is important in terms of employee appreciation and employee morale. Accordingly, this policy does not prohibit reasonable expenditures in conjunction with such event. However, such employee events must be local, as neither overnight nor travel expenses will be paid by the Company or by PeoplesSouth Bank, and the expenses associated with such an event will be decided by the Expense Committee. Other employee events, such as a department party, should be a fraction of the cost of the Christmas party and should be deemed reasonable by any appropriate standard.
Transportation Services:
Transportation for Company staff to outlying locations, including but not limited to schools, conferences, business-development meetings, and locations for merger and acquisition research, should be conducted in the most cost-appropriate way for the Company. The Company will maintain, when appropriate, and analysis of trips to determine which mode of transportation is the most appropriate for the Company. Transportation services that may be used include motor vehicles, trains, and commercial and private air service. In analyzing appropriate transportation services, we will consider cost, efficiency, and timeliness. All expenses permitted under this policy shall be approved strictly in accordance with the Company’s expense authorization policy.
At least annually, all senior management of the Company and of PeoplesSouth Bank shall certify that they understand the terms of this policy and that the Company and PeoplesSouth have complied with its terms. A copy of such certification is on file at the home office location, 203 W Crawford Street, Colquitt, GA. 39837.
Violations:
Violations of this policy will be reported to the compensation committee no more than 60 days from the date of detection.
|
|
