In 1908, Peoples Bank opened with a commitment to providing service to rural Simpson County, much of which lacked access financial institutions. During the Great Depression, the bank attracted accolades by refusing to close as banks locked their doors across the nation. More banks closed in America that day then any day before or since, but Peoples Bank committed serving its community and stayed open. Today, Peoples embraces the principles established by our founders; traditions that begin with personal service and traditions and evoke corporate citizenship in the areas they serve.
Peoples Financial Corporation, parent of The Peoples Bank, announces the completion of its 110,000 common share repurchase program authorized by its board in December of 2017. The board believes this is an efficient use of capital and monitors prevailing market conditions in consideration of future share repurchase programs. As of June 30, 2018, the company reported 5,037,719 common shares outstanding.
Peoples Bank partnered with SBA in 1989 to help Mississippian’s start, build and grow businesses. Twenty-seven years later, 642 small businesses have been able to grow and develop because of this partnership. Peoples Bank continues to receive outstanding awards for their commitment and dedication to helping grow local small businesses. SBA executives presented the award recently at the Mississippi event held in Jackson. Janita Stewart, SBA District Director, commented, “Congratulations again…Peoples Bank really makes a difference in entrepreneurial development and contributes to the growth of small businesses in our state.”