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Two directors to retire from Peoples Financial Corporation

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Christian Fernsby | Biloxi, Miss., USA | February 3, 2020
The Peoples BankPeoples Financial Corporation, parent of The Peoples Bank, announced directors Rex E. Kelly and Dan Magruder will not stand for reelection at the annual shareholders meeting on April 22, 2020.
They will retire from the holding company board when their current term is completed at that time.

Accordingly, Messrs. Kelly and Magruder tendered their resignations on January 31, 2020 from the board of directors of The Peoples Bank, Biloxi, Mississippi.

They have both indicated their resignations are for personal reasons.

Rex E. Kelly has served as a director of the Bank since 1996 and as a director of the Company since 2002.

Until his retirement in 2005, Mr. Kelly was Director of Corporate Communications for Mississippi Power Company, a subsidiary of The Southern Company, Gulfport, MS.

Subsequently, he worked as a consultant in the area of strategic communications corporate and public relations.

Dan Magruder has served as a director of the Bank since 1993 and as a director of the Company since 2000.

Mr. Magruder joined Rex Distributing Company, Inc., a beverage distributor headquartered in Gulfport, MS, in 1987 serving as president until his retirement in 2016.


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