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Newsletter 3rd Quarter 2019

Inside This Issue:

PCB Wealth Management: Your Hometown Alternative

We consistently find that the biggest surprise to new customers is that we offer in-house investment services. In fact, PCB Wealth Management has exceeded $125 million in assets under management. The business has grown from the ground up by taking a client-focused approach to wealth management. Getting to know and understanding a client’s personal needs allows them to create a customized wealth management strategy that aligns with short and long-term objectives. 

Three-Step Approach to Your Personalized Plan

1.    Assessing Your Needs & Finances
PCB Wealth Management begins by asking you to complete a confidential personal profile that helps them gain a deep understanding of your current financial situation and goals. 

2.    Preparing Your Plan
They provide a detailed analysis of your finances, develop a variety of customized strategies, and offer recommendations to address your future needs.

3.    Implementing & Monitoring Your Strategy
Once you select the best approach, they put your personalized plan into action. They then maintain consistent communication with you, carefully monitoring your portfolio and making adjustments, when necessary. 

We invite you to call (800) 795-2151 to schedule a consultation and discover how PCB Wealth Management can help you pursue your financial goals. 

Securities and advisory services offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates.

Not FDIC Insured  No Bank GuaranteeMay Lose Value
Not a DepositNot Insured by any Federal Government Agency

Eric Rapp Retires from Board of Directors

This past April, Eric Rapp, a director of the bank for the past 24 years, retired from board service. On the occasion of a retirement from the board of directors at The Peoples Community Bank, the retiring director is provided with $5,000.00 with which to make a charitable donation to one or more non-profit organizations within the bank’s trade area. Eric chose the five food pantries based in the communities that we serve as being his designated charities. The food pantries in Mazomanie, Arena, Barneveld, Spring Green, and Richland Center each received $1,000 from the bank on Eric’s behalf.  To Eric we extend our appreciation for his many years of dedicated service to the bank.

Welcome Justin Lockwood & Cody Bindl

We are pleased to announce the addition of two new members to our banking family: 

Justin Lockwood
Justin serves as Location Manager and Personal Banker in our Barneveld office. He came to the bank with seven years of banking experience having a background in both personal and business banking. Justin, along with his wife, Kristine, and their five children make their home in Richland Center.

Cody Bindl
Cody joins our team as a Customer Service Representative. He received his Bachelor’s Degree from UW-Whitewater in 2017.  Cody has a background in customer service and human resources and will be assisting and getting to know customers at most, if not all, of our locations.  

Please join us in welcoming Justin and Cody to the PCB team.

Upcoming Shred Event

We're hosting a shred event at our Spring Green location on Saturday, September 21st from 8:30am-10:30am. Bring up to 3 boxes of paper documents to be shredded and recycled by our friends from Pellitteri Data Destruction. The service is free and open to the public. Donations will be accepted on behalf of the Spring Green Food Pantry. We hope to see you in September!

Mobile Wallet: Convenience vs. Security

A mobile wallet is an alternative to using a physical credit or debit card. It allows users to store information from their credit or debit cards (encrypted as 'tokens') on their smartphone, which can be used to make purchases. A growing list of retailers, large and small, are accepting payment via mobile wallet. Consumers are responding to the added convenience of mobile payments as their use has been steadily rising over the last nine years. Like any technology rapidly on the rise, there are some risks to consider.

1.    Phone theft. Most people have come to think of their smartphones as extended appendages but they still can be misplaced or stolen. If the mobile wallet application with card details is not properly secured, preferably with two-factor authentication, losing a phone is pretty much the same as losing your credit or debit cards themselves. 

Fix: Use the available embedded security within your smartphone. Protect your phone and wallet with passcodes or biometric identification.

2.    Wallet spoofing. Within the mobile wallet application, credit or debit card numbers are securely encrypted. They are masked by a code created by an algorithm, which creates a "token" that contains the card details. In this manner, mobile transactions themselves are very secure. But, if you add cards to your account while on an unsecured public wireless network or one that has been infiltrated, a cyber-thief can easily re-create or "spoof" that mobile wallet's registration.

Fix: Load your cards on your own secured, home Wi-Fi network or a virtual private network.

3.    Mobile malware. Just as cyber-criminals use malware to infiltrate computer networks, so too are they increasingly creating malware that propagates on mobile devices and allows them to steal information. 

Fix: Use the same cautionary steps with suspicious links as you would on your PC. Take caution and be wary of unsecured sites.

While there are some risks inherent with mobile wallets, in general, they are even more secure than physical credit or debit cards if you pay proper attention to security details.