Erik Rajek Promoted to Commercial Group Leader
Wausau, Wis. (September 23, 2024): Senior vice president Erik Rajek has been promoted to commercial group leader of Peoples State Bank.
“Erik brings significant experience to this role, with over two decades as a commercial banker and producer in multiple Wisconsin markets,” said Scott Cattanach, Peoples State Bank president and CEO. “He brings a fresh approach as we work together to elevate Peoples, by adding value and meeting customer needs with consistent service delivery and products through our commercial banker team across Wisconsin. Our customers and our bank will benefit from his leadership.”
Rajek joined Peoples in January 2022 and, one year later, was appointed to the executive team as senior vice president and chief credit officer. He has spearheaded the bank’s Small Business Administration (SBA) 7a guaranteed commercial loan program, and his credit team is responsible for risk assessment on new and challenging loans.
“I’m excited about this opportunity to lead our team of commercial bankers. They are knowledgeable and motivated. Together, we will continue to focus on key performance initiatives that will move our customers and the bank forward,” said Rajek. “I am committed to Peoples and passionate about this industry. The future is bright for our customers and shareholders.”
Rajek holds a Bachelor of Arts in Economics from the University of Wisconsin-Madison. He volunteers for several non-profits, including Habitat for Humanity and the Neighbor’s Place.
Peoples State Bank is a community bank headquartered in Wausau, Wisconsin, serving north, central, and southeast Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Waukesha, and Milwaukee Counties, and a loan production office in Dane County. Peoples was founded in 1962 and has total assets in excess of $1.4 billion. Peoples is an Equal Housing Lender and Member FDIC. More information about Peoples can be found at www.bankpeoples.com.
Peoples provides financial services to business owners and individuals, as well as investment and retirement planning services through Peoples Wealth Management, a division of Peoples. PSB Holdings, Inc., the parent company of Peoples State Bank, trades its common stock under stock symbol PSBQ on the OTCQX Market.