Member FDIC- On June 26, 1997 a group of eleven local business leaders met at the Holiday Inn, Lake City, Florida for the purpose of holding an organizational meeting for a new community bank in Lake City. After quickly coming to agreement on the needs for such a bank, and the purpose of it’s operation, the group filed Articles of Incorporation for PSB BancGroup, Inc. the very next day. Over the next several months the group worked through the regulatory red tape required to establish a bank.