The PSB Group: Our Corporate Mission
Our goal is to maintain a well-managed financial services institution that provides our customers with excellent service and products that are appropriate and beneficial to them and our community. We strive to add value to our communities through participation in civic and business endeavors that serve to improve the quality of life for our employees & customers.
Our Financial Family
As a valued member of our financial family, we would like to introduce you to our financial companies.
Progressive Savings Bank
In June 1980, Progressive Savings and Loan opened its doors with capital assets of $1 million and three employees. Now over 30 years later, Progressive Savings Bank has grown to over $240 million in assets with six branch locations (Jamestown, Wartburg, Crossville, Cookeville, Homestead and Fairfield Glade), an insurance agency (The Rains Agency), a dedicated financial services division (with registered financial advisors with FSC Securities Corporation), a registered investment advisory firm (Cravens & Company) and more than 110 employees. In keeping with our name, Progressive combines the tradition of courtesy and genuine concern with the technology and services needed for our clients' financial success both now and in the future. We are proud of the fact that we are one of the first banks in the region to offer new products to our customers, like true internet banking for 24/7 convenience, image statements, and Health Savings Accounts.
In 1927, The Rains Agency began operations as a one-man office offering a few insurance lines. More than 80 years later, The Rains Agency is an independent agency offering a full line of personal, commercial, property and casualty, and life and health lines to help protect the lives and interests of our friends and customers. We represent companies such as AllState, Westfield, Auto-Owners, SafeCo, Cincinnati, Blue Cross/Blue Shield, New York Life and John Hancock, allowing you the ability to shop several companies with one phone call.
Cravens & Company Advisors, LLC (CCA) was created and registered as an independent investment advisory firm in 2003. With experience in the fields of investments, financial & estate planning, insurance, tax and law, CCA brings a depth of perspective in creating comprehensive financial solutions for successful entrepreneurs, medical professionals, retirees and their families.
CCA officially joined the Progressive family in March of 2007. This has allowed PSB to offer yet another valuable relationship to our clients—wealth management services.