From The Petersburg Press
Petersburg State Bank of Petersburg received approval on Sept. 25 to change the name of the bank to Great Plains State Bank, effective immediately.
“This is the first of a series of steps we are taking to help insure a bright and positive future for our community bank and the community we serve,” said Ross Knott, bank president. “There will be no change in local operation or local personnel. We are remaining a privately held independent bank.”
The bank’s board of directors unanimously approved the name change last month.
Knott said the board determined the name change was necessary to position the bank for further growth, and would facilitate further improvement in its products and services for customers.
“Customers will be able to use all present bank instruments, such as credit/debit cards and checks, until they run out of checks or received updated cards from our bank,” Knott said. “There will be no changes in basic operation, except for some new signage in the future.”
This change, as well as future changes, will be part of an overall strategy to insure local ownership and local decision-making well into the foreseeable future, Knott said. “The world of banking is changing, and we are taking a proactive approach on behalf of our customers and community,” he concluded.