Peoples Bank
Ferndale Office
1895 E. Main Street/PO Box 3108
Ferndale, WA 98248
t: (360) 380-1014
f: (360) 380-1401
History of Peoples Bank
It was the summer of 1920 when the citizens of Lynden decided it was time for a change. At the time there was only one bank in town. And as we all know, "one" is not a number that fosters competitive fire.
As a result, 56 citizens met at the Odd Fellow Hall (now known as the Eagles Hall) to organize Peoples State Bank. Upon approval from the state on December 9, 1920, the bank opened for business. The original officers were P.J. Van Hemert, President, J.W. Stearns, Vice President, and Albert Kok, Cashier.
It was 18 years later when the bank was reorganized with Irwin LeCocq joining as Vice President and Executive Officer. In 1941, Mr. LeCocq was elected President of Peoples State Bank.
As World War II ended, the bank was on solid footing with $2,000,000 in assets. In February of 1952, the LeCocq legacy continued, as Irwin LeCocq, Jr. joined the bank as Assistant Cashier.
The value of a locally owned, home town bank was never more important to the community. And as the area continued to grow, so did the bank. In fact, the demand for better service took Peoples State Bank into Bellingham and other nearby locations.
In 1987, Charles LeCocq was elected President, while Irwin LeCocq, Jr. remained as Chairman of the Board.
New branches, expanded services and products, and an ever-changing financial market place have given rise to more growth opportunities. In 1996, Peoples State Bank became Peoples Bank, a better reflection of our emphasis on the value of personal service.
Our expansion efforts now include offices in Whatcom, Skagit, Island, Snohomish, King, Kitsap and Chelan/Douglas Counties, with an eye on future opportunities in other market areas. But as we grow, we remain true to the vision of 1920.
© 2007-2009 Peoples Bank
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