AND PROXY STATEMENT _____________________________________________________________
To the Shareholders of PSB Holdings, Inc.:
On March 23, 2022, the Board of Directors of PSB Holdings, Inc. (the "Company") mailed to you a Notice of Annual Meeting of Shareholders along with a Proxy Statement dated March 18, 2022, that outlined items to be voted upon at the 2022 annual meeting of shareholders. One proposal (Proposal No. 1 in the Notice of Annual Meeting of Shareholders) was for the election of directors. It recently came to our attention that the nominees standing for election were inadvertently misidentified as the Class I directors (Patricia M. Hanz and Corey B. Vanderpoel). The correct nominees standing for election at this year's annual meeting are the Class III directors (William J. Fish, Scott M. Cattanach, Peter W. Knitt, and Robert F. Eastman, Jr.). Enclosed herewith is a corrected proxy card, which we ask you to complete and return to us as soon as possible, even if you have already submitted to us the previous proxy card contained in the March 23, 2022 mailing. Previously submitted proxy cards-whether received in paper or electronic format-will be disregarded.
We still intend to host our annual celebration and gathering of shareholders at 3:00 p.m., Tuesday, April 19, 2022, at the Hilton Garden Inn, 2101 North Mountain Road, Wausau, Wisconsin. However, in an effort to provide shareholders with adequate time to receive this Amendment, consider and complete a new proxy card, and return it to us in accordance with the Company's bylaws and applicable law, the board of directors is amending the date, time, and location of the formal annual business meeting to now be held on Friday, May 13, 2022 from 10:00-10:15 a.m. Wausau, Wisconsin time at the Company's headquarters, 1905 Stewart Avenue, Wausau, Wisconsin 54401. The May 13th meeting will be strictly limited to tabulating votes and taking actions required by law; we do not intend to provide any updates, presentations, or other information and do not anticipate shareholder attendance.1 The record date for determining which shareholders are entitled to receive this Amendment is the same as is set forth in the March 23 mailing.
If you have any questions, please contact Peoples State Bank customer service at 1-888-929-9902 orcustomerservice@bankpeoples.com. Otherwise, please submit your new proxy card as soon as possible, and we will hope to see you at our annual celebration and gathering of shareholders on April 19, 2022, at the Hilton Garden Inn.
Sincerely,
Scott M. Cattanach President & CEO
April 11, 2022
Enclosure
1 Shareholders are entitled to attend this formal annual meeting if they choose.
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PSB Holdings Inc. published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 13:44:04 UTC.
PSB Holdings, Inc. is a holding company for Peoples State Bank (Peoples). Peoples is a community bank, which serves north central and southeastern Wisconsin with 10 full-service banking locations in Marathon, Oneida, Vilas, Milwaukee and Waukesha counties and a loan production office in Stevens Point, Wisconsin. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. Its commercial and industrial loans, municipal loans and agricultural loans are primarily for working capital, physical asset expansion and asset acquisition loans. Its commercial real estate loans are primarily secured by owner and non-owner-occupied office and industrial buildings, warehouses, small retail shopping facilities and various special purpose properties, including hotels and restaurants. Its construction and land development loans are secured by vacant land and/or property that is in the process of improvement.
PSB HOLDINGS, INC. 
