Employee Benefits

Benefits to Working at Prairie State Bank & Trust


Paid Time Off

  • Paid Time Off days accrue monthly and are awarded at the beginning of each calendar year. Employees are eligible to utilize PTO days after the successful completion of the 90-day new employee probationary period. A minimum of 12 days of vacation is awarded to begin with but may be increased based on years of service.

Sick Days

  • Employees are eligible for sick days after the successful completion of the 90-day new employee probationary period. 


  • Eleven Federal reserve Bank holidays are observed.

Volunteer Time

  • Employees are given 4 hours of paid time off per calendar year to participate in a qualifying charitable organization or activity. Employees are encouraged to support organizations in our communities that enhance the quality of life.


Student Loan Repayment Assistance 

  • For full-time employees, PSBT will pay $50.00 per month on your qualified student loan. After successful completion of the 90-day new employee probationary period, employees may register with our outside administrator, Peanut Butter.

Educational Assistance

  • The educational assistance program encourages personal development through formal education so that employees can maintain and improve job-related skills or enhance their ability to compete for reasonably attainable jobs within the company. Individual courses or courses that are part of a degree, licensing or certification programs must be related to the employee’s current job duties or a foreseeable-future position in the organization in order to be eligible for educational assistance.


Health Insurance

  • Prairie State Bank & Trust’s Group Health plan includes medical coverage effective the first of the month following 30 days of employment. Employees eligible to participate are all full-time employees.
  • The medical plan includes prescription benefits through two PPO options. One is a standard PPO plan, the other is a High Deductible plan that allows for the use of a Health Savings Account (HSA). The standard PPO plan is accompanied by a Health Reimbursement Arrangement (HRA), which is an employer funded account that employees can use to help defray medical expenses.

Health Care & Dependent Care Flexible Spending Accounts

  • Health Care and Dependent Care Flexible Spending Accounts are also available under the Flex Plan. Employees can set aside money on a pre-tax basis to cover unreimbursed medical/dental and/or dependent care expenses. Employees eligible to participate are all full-time employees. Employees can begin participation on the first day of the month following date of hire pending receipt of applicable benefit enrollment information.

Life Insurance 

  • Life insurance in the amount of the employee’s annual salary, up to a maximum of $50,000, will be provided to the employee at no cost. Additional life insurance may be purchased. To be eligible for the life insurance protection, an employee must be employed with Prairie State Bank & Trust for thirty (30) days and be a full-time employee who is regularly scheduled to work an average of at least thirty (30) hours per week.

Voluntary Insurance 

  • On the first of the month following 30 days of employment, full-time employees may elect to participate in voluntary accident, critical illness, dental, vision, life, AD&D, and short-term disability insurance plans. These plans may require separate applications and the cost of each additional coverage is the responsibility of the employee. Additional restrictions may apply to certain products.


  • The 401(k) plan has two parts: The Employee CD fund and the 401(k) Plan with multiple options through Securian Financial Group. Employees, at least 21 years of age, are eligible to participate in the plan after their first year of employment, upon open enrollment.

401K Plan

  • The 401(k) Plan is a pre-tax vehicle for savings. The employer-matching contribution is 100% on the first 3% of compensation deferred, and 50% on the next 2% of compensation deferred. Therefore, an employee who defers 5% of compensation is matched in cash at 4% by Prairie State Bank & Trust. Employees are immediately vested in the employer match.

Employee CD Fund

  • Higher interest rate CD exclusively for Employee 401K contributions


  • One free checking account (including free unlimited checks) and/or savings account
  • Free Bill Pay (online bill payment) Service
  • Free Mobile Deposit
  • Free online Money Maximizer tool
  • Free Mastercard debit card
  • Free notary services
  • Up to 2 free wire transfers per calendar year
  • A free, small size safe deposit box 
  • Reduced fees and rates on loans
  • Waived fee on the purchase of one gift card a year
  • One free disbursement check a month
  • Waived auto transfer annual fee on transfers from savings to checking to cover overdrafts
  • Employee Savings Account Program:
    • This account is designed to offer a premium base rate of 0.50% up to $10,000 with the opportunity to earn an additional 0.50% on balances up to $10,000 through meeting 2 additional qualifying factors.