News - 05/01/2014


PeoplesBank Names Steven Mitus, Executive Vice President and CFO of Balise Motor Sales Company, to Its Board of Directors

Image: Steven Mitus Appointed to PeoplesBank Board of Directors
Steven M. Mitus, Director

HOLYOKE, MA (May 1, 2014) - PeoplesBank has announced that Steven M. Mitus, Executive Vice President and Chief Financial Officer of Balise Motor Sales Company, has been named to the PeoplesBank Board of Directors. Mr. Mitus formerly served as a Corporator for the bank.

“Steve’s combination of business experience and financial acumen is really quite unique,” stated Douglas A. Bowen, President and CEO of PeoplesBank. “He has helped Balise Motor Sales grow to number 47 of the top 100 dealers in the country, which is a sizable accomplishment. His hard work is not limited to corporate affairs however. Steve’s service to community lines up well with our corporate responsibility philosophy and actions. He is a tireless volunteer who has used his business expertise and time to help a large number of civic and community organizations in this area.”

A resident of Westfield, Mr. Mitus is a cum laude graduate of the University of Massachusetts Amherst, where he holds a Bachelors of Business Administration. He is also a graduate of Holyoke Community College.

Image: PeoplesBank associates planting a tree at Camp Wilder
“Steve’s values of service to community line up well with our corporate responsibility philosophy and actions.” – Douglas A. Bowen, President and CEO, PeoplesBank

Mr. Mitus currently serves as a Trustee of Baystate Health, where he is Vice Chair of the Audit Committee and a member of the Compensation Committee; as a Trustee of the Community Foundation of Western Massachusetts, where he chairs the Audit and Finance committee; and as a Director of Health New England, where he is a member of the Compensation and the Audit committees.

The Affiliated Chambers of Commerce of Greater Springfield presented him with the Richard J. Moriarty Citizen of the Year Award for his current and past community service. Mr. Mitus is also a past recipient of Holyoke Community College Distinguished Alumni Award.

He is a member of Financial Executives International (FEI), American Institute of Certified Public Accountants (AICPA), and the Massachusetts State Society of CPAs (MSCPA).



PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Our three LEED® registered offices are environmentally friendly and we have financed more than $70 million in wind, hydroelectric and solar energy projects. As the largest community bank in the market, we have a unique ability to help the communities we serve through volunteer efforts and millions of dollars in donations to charitable and civic causes. Our employees devote an average of 6,000 hours to volunteer work each year and 48 of the bank’s officers serve on the boards of directors and committees of 115 area nonprofit organizations.

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