Congratulations to Peter Knitt, Peoples State Bank, Wausau, on receiving the 2017 WBA Community Banker of the Year award.

Knitt began his banking career as a loan officer in 1982. Over his 35 years in the industry, he has held senior management or CEO roles at five Wisconsin Banks. He joined Peoples State Bank in Wausau in 2003 and became President and CEO in 2006. He recently retired from that position.

During his leadership time at the bank, Knitt has successfully guided the bank through the acquisition of two new branches and opened a loan production office in Milwaukee, the bank’s first urban area market. Peoples State Bank has ranked as a Top 200 Community Bank by American Banker Magazine for eight consecutive years based on three-year average return on equity. They’ve also received the Readers’ Choice Award for “Best Local Bank” six years running. Lastly, their employee engagement survey has posted 80 percent and higher figures for the past eight years.

As a banking industry leader, Knitt has served on the Bankers’ Bank Board of Directors and Loan Committee since 2012. He is also a past Board Member of the Wisconsin Bankers Association.


Knitt’s service to the community stems from an overwhelming desire to treat people well, to do what is right, and care for families.

In the words of PSB Holdings Chairman, William Fish, “he is the kind of civic and professional leader that frankly other people just really want to be associated with.”

Knitt’s service to the community can be seen through the many people and organization he has touched throughout his career. He has been active in 19 community, economic, hospital, and advisory boards and organizations spanning the various areas he and his family have resided.

Most recently he served on the Board of Directors of the Wausau Region Chamber of Commerce and the Wausau Noon Optimists. He has also served on the Langlade Memorial Hospital Foundation; Sacred Heart St. Mary’s Hospital Foundation Board and Rhinelander Area YMCA Boards.

Knitt is respected by both bankers and his community as a leader who is caring and involved both in and outside of the bank. Even more important to him has been his commitment to employees, recognizing their hard work and dedication as a reason for Peoples State Bank’s continued success.

“Peter Knitt is a true leader beyond measure: a family man, a patriot, civic volunteer, humble servant, business expert, and outstanding banker,” Fish said.

He is a wonderful example of what the WBA Community Banker of the year represents.