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Peoples Bank Corporation of Indianapolis hired John S. Loeber as its chief credit officer.

He was executive vice president of secured financial services at Signet Banking Corp. until November, when First Union bought it. He then held that title at First Union until yearend.

Mr. Loeber has 24 years of banking experience. Before joining Signet he was executive vice president at First American Metro Corp., McLean, Va.; a senior vice president of commercial lending at Fleet National Bank, Providence, R.I.; and a branch manager with Indianapolis Morris Plan, a consumer finance company.

Peoples Bank Corp. has $608.9 million of assets.

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