PEOPLES BANK
PPP Lender · 24,701 loans · $1.91B total · 48 states served
PEOPLES BANK was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 24,701 PPP loans totaling $1.91B, representing approximately 0.22% of all loans nationwide.
PEOPLES BANK served borrowers across 48 states. The largest concentration of activity was in Ohio, where the lender originated 4,448 loans totaling $503.0M. Other states with significant activity included Kentucky, Washington, West Virginia.
The average loan size for this lender was $77,162. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.
Among the largest named borrowers that received loans through PEOPLES BANK were: CONTINUING HEALTHCARE SOLUTIONS, INC. (OH) — $10,000,000; MCCREARY MODERN INC (NC) — $8,363,000; MARIETTA COLLEGE (OH) — $5,935,000; and BLUE DIAMOND MINING, LLC (KY) — $5,304,800.
PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.
Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Ohio | 4,448 | $503.0M | 99.1% |
| Kentucky | 4,184 | $183.3M | 99.6% |
| Washington | 2,922 | $347.7M | 99.1% |
| West Virginia | 2,570 | $201.2M | 98.7% |
| Iowa | 1,843 | $67.6M | 99.8% |
| North Carolina | 1,602 | $137.5M | 99.4% |
| Mississippi | 1,360 | $69.1M | 96.4% |
| Texas | 1,351 | $81.2M | 99.9% |
| Indiana | 917 | $106.5M | 99.7% |
| Tennessee | 679 | $16.9M | 100.0% |
| Illinois | 580 | $45.3M | 99.1% |
| Missouri | 528 | $15.7M | 100.0% |
| Georgia | 375 | $29.3M | 99.7% |
| Arkansas | 231 | $12.8M | 100.0% |
| Virginia | 185 | $13.1M | 97.8% |
| District of Columbia | 110 | $13.2M | 98.2% |
| South Dakota | 96 | $2.6M | 100.0% |
| Minnesota | 84 | $2.8M | 100.0% |
| Florida | 81 | $10.2M | 98.8% |
| South Carolina | 78 | $6.8M | 100.0% |
| Louisiana | 68 | $4.9M | 98.5% |
| Kansas | 68 | $1.4M | 100.0% |
| Alabama | 54 | $9.5M | 100.0% |
| Wisconsin | 41 | $663,233 | 100.0% |
| Maryland | 40 | $4.3M | 100.0% |
| California | 36 | $3.5M | 91.7% |
| New York | 27 | $4.1M | 100.0% |
| Pennsylvania | 20 | $1.2M | 100.0% |
| Oregon | 18 | $855,117 | 100.0% |
| Alaska | 17 | $1.1M | 100.0% |
| Arizona | 13 | $2.1M | 100.0% |
| New Mexico | 10 | $1.1M | 100.0% |
| New Jersey | 10 | $1.3M | 100.0% |
| Nebraska | 10 | $937,053 | 100.0% |
| Oklahoma | 6 | $107,042 | 100.0% |
| Nevada | 6 | $468,527 | 100.0% |
| Massachusetts | 6 | $352,538 | 100.0% |
| Colorado | 6 | $172,640 | 100.0% |
| Michigan | 5 | $1.2M | 100.0% |
| Utah | 3 | $423,555 | 100.0% |
| Montana | 3 | $115,038 | 100.0% |
| Connecticut | 3 | $70,165 | 100.0% |
| Wyoming | 2 | $98,020 | 100.0% |
| Vermont | 1 | $158,100 | 100.0% |
| New Hampshire | 1 | $10,077 | 100.0% |
| North Dakota | 1 | $2,350 | 100.0% |
| Maine | 1 | $141,774 | 100.0% |
| Hawaii | 1 | $206,100 | 100.0% |