People's Bank (Sri Lanka)

PEOPLES FINANCIAL CORPORATION REPORTS RESULTS FOR THE THIRD QUARTER OF 2023 AND ANNOUNCES A 50% INCREASE IN REGULAR CASH DIVIDENDS AND THE PAYMENT OF A SPECIAL DIVIDEND

Retrieved on: 
Friday, October 27, 2023
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BILOXI, Miss., Oct. 27, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for the third quarter ending September 30, 2023.

Key Points: 
  • BILOXI, Miss., Oct. 27, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for the third quarter ending September 30, 2023.
  • Net income for the third quarter of 2023 was $1,910,000 compared to net income of $1,786,000 for the third quarter of 2022.
  • The earnings per weighted average common share for the third quarter of 2023 were $0.41 compared to earnings per weighted average common share of $0.38 for the third quarter of 2022.
  • Per share figures are based on weighted average common shares outstanding of 4,677,827 and 4,678,186 for the third quarters of 2023 and 2022, respectively.

Peoples Bank Implements Corserv's Modern Credit Card Program

Retrieved on: 
Wednesday, August 16, 2023
People's Bank (Sri Lanka), Knowledge, Small business, ROA, Senior, People's Bank, Bank, Online shopping

ATLANTA, Aug. 16, 2023 /PRNewswire-PRWeb/ -- Corserv, a company that empowers banks and fintechs with payment programs, has partnered with Ohio-based Peoples Bank to implement an industry-leading credit card program to serve their commercial, small business, nonprofit, local municipalities, and consumer customers.

Key Points: 
  • Peoples Bank is moving from an Agent Bank program to Corserv's program where they now own the credit card profits and losses and are able to make credit decisions using its relationship knowledge of applicants as a factor in approving credit.
  • Corserv's comprehensive program enables Peoples Bank to offer 14 different credit card products, including commercial and business cards, traditional rewards cards, a low rate card, a high-rewards world card and secured cards for those building their credit.
  • Peoples Bank expects credit cards to be a great performing product in the bank, given that Corserv's bank partners averaged a 7.7% Return on Assets (ROA) last year from its credit card programs.
  • "With Corserv's credit card program, Peoples Bank can now serve our business customers with features like free expense reporting and detailed transaction reports that include level 2 and level 3 data," said Tom Frawley, Senior Vice President of Peoples Bank.

PEOPLES FINANCIAL CORPORATION REPORTS RESULTS FOR THE SECOND QUARTER OF 2023, EARNINGS INCREASED $1,818,000 OVER THE SECOND QUARTER OF 2022

Retrieved on: 
Wednesday, July 26, 2023
Treasury, People's Bank (Sri Lanka), Bank, United States Department of the Treasury, Trust, FDIC, Acquisition, R & G Financial Corporation, Investment, People's Bank, Total, Sale, Real estate, Life insurance

Net income for the second quarter of 2023 was $2,910,000 compared to net income of $1,092,000 for the second quarter of 2022.

Key Points: 
  • Net income for the second quarter of 2023 was $2,910,000 compared to net income of $1,092,000 for the second quarter of 2022.
  • The earnings per weighted average common share for the second quarter of 2023 was $0.62 compared to earnings per weighted average common share of $0.23 for the second quarter of 2022.
  • Per share figures are based on weighted average common shares outstanding of 4,678,186 for the second quarters of 2023 and 2022.
  • The improvement in net income for the second quarter of 2023 was primarily due to an increase in net interest income of $2,009,000 to $7,202,000 for the second quarter of 2023 as compared with $5,193,000 for the second quarter of 2022.

PEOPLES BANCORP INC. ANNOUNCES PLANNED RETIREMENT OF CHUCK SULERZYSKI AND ELECTION OF TYLER WILCOX AS NEXT CEO

Retrieved on: 
Tuesday, July 11, 2023
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MARIETTA, Ohio, July 11, 2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that Chuck Sulerzyski, 66, has notified Peoples of his intention to retire as President and Chief Executive Officer ("CEO") of each of Peoples and Peoples' banking subsidiary, Peoples Bank, effective March 31, 2024.

Key Points: 
  • MARIETTA, Ohio, July 11, 2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that Chuck Sulerzyski, 66, has notified Peoples of his intention to retire as President and Chief Executive Officer ("CEO") of each of Peoples and Peoples' banking subsidiary, Peoples Bank, effective March 31, 2024.
  • He also intends to retire from the Boards of Directors of Peoples and Peoples Bank on that same date.
  • Peoples also announced today that Tyler Wilcox, 44, will become the next President and CEO of each of Peoples and Peoples Bank, and will be elected as a director of each of Peoples and Peoples Bank, effective April 1, 2024, filling the vacancy created on each Board of Directors by Sulerzyski's retirement.
  • Peoples offers services through Peoples Bank (which includes the divisions of Limestone Bank, Peoples Investment Services, Peoples Premium Finance and North Star Leasing) and Peoples Insurance Agency, LLC.

PEOPLES FINANCIAL CORPORATION REPORTS RESULTS FOR THE FIRST QUARTER OF 2023 AND ANNOUNCES A 20% DIVIDEND INCREASE

Retrieved on: 
Thursday, April 20, 2023
Treasury, People's Bank (Sri Lanka), Bank, United States Department of the Treasury, Trust, FDIC, BOK Financial Corporation, People's Bank, Total, Sale, Holding company, Security (finance)

BILOXI, Miss., April 20, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for the first quarter ending March 31, 2023.

Key Points: 
  • BILOXI, Miss., April 20, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for the first quarter ending March 31, 2023.
  • Additionally, the company declared a cash dividend of $0.12 per common share, payable May 05, 2023 to shareholders of record as of May 02, 2023.
  • Net income for the first quarter of 2023 was $2,623,000 compared to net income of $924,000 for the first quarter of 2022.
  • Per share figures are based on weighted average common shares outstanding of 4,678,186 for the first quarters of 2023 and 2022.

PEOPLES FINANCIAL CORPORATION REPORTS RESULTS FOR 2022 AND SETS DATE FOR ANNUAL MEETING

Retrieved on: 
Wednesday, January 25, 2023
Trust, Bank, Treasury, People's Bank, People's Bank (Sri Lanka), Income tax, Sale, Total, Trustmark, Trust service provider, Acquisition, Federal Deposit Insurance Corporation, United States Department of the Treasury, Cryptocurrency, Security (finance)

BILOXI, Miss., Jan. 25, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for 2022 and the fourth quarter ending December 31, 2022.

Key Points: 
  • BILOXI, Miss., Jan. 25, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for 2022 and the fourth quarter ending December 31, 2022.
  • The Company also announced that its 2023 annual meeting of shareholders will take place on April 26, 2023.
  • Net interest income increased $2,088,000 to $21,550,000 for the year ended December 31, 2022 as compared with $19,462,000 at December 31, 2021.
  • The purchase was approved by the Federal Deposit Insurance Corporation and closed on August 15, 2022, during the third quarter of 2022.

Trustmark Completes Sale of Corporate Trust Business to The Peoples Bank, Biloxi, Mississippi

Retrieved on: 
Monday, August 15, 2022
Banking, Professional Services, Finance, Securities & Exchange Commission of Pakistan, Multimedia, Corporate trust, Sale, Security (finance), National bank, Corporation, Trust, Cyprus Securities and Exchange Commission, Mississippi Gulf Coast, People's Bank (Sri Lanka), People's Bank, Online shopping, Bank, Trustmark

Trustmark National Bank (Trustmark), a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS: TRMK), and The Peoples Bank, whose parent company is Peoples Financial Corporation (OTCQX Best Market: PFBX) are pleased to announce that the two companies have completed the sale of substantially all the assets of Trustmarks Corporate Trust business to The Peoples Bank.

Key Points: 
  • Trustmark National Bank (Trustmark), a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS: TRMK), and The Peoples Bank, whose parent company is Peoples Financial Corporation (OTCQX Best Market: PFBX) are pleased to announce that the two companies have completed the sale of substantially all the assets of Trustmarks Corporate Trust business to The Peoples Bank.
  • View the full release here: https://www.businesswire.com/news/home/20220815005109/en/
    Trustmarks Corporate Trust business has been focused on providing a wide variety of trust and agency services in connection with debt securities issued by public corporations and government entities.
  • The seamless transition process of the Corporate Trust business portfolio to The Peoples Bank has underscored our confidence that this transaction will be positive for the Corporate Trust customers.
  • The Peoples Bank is a wholly-owned subsidiary of Peoples Financial Corporation, listed on the OTCQX Best Market under the symbol PFBX.

Trustmark Completes Sale of Corporate Trust Business to The Peoples Bank, Biloxi, Mississippi

Retrieved on: 
Monday, August 15, 2022
Securities & Exchange Commission of Pakistan, Multimedia, Corporate trust, Sale, Security (finance), Corporation, View, Trust, Cyprus Securities and Exchange Commission, Mississippi Gulf Coast, People's Bank (Sri Lanka), People's Bank, Online shopping, Bank, Trustmark

and BILOXI, Miss., Aug. 15, 2022 /PRNewswire/ -- Trustmark National Bank ("Trustmark"), a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS: TRMK), and The Peoples Bank, whose parent company is Peoples Financial Corporation (OTCQX Best Market: PFBX) are pleased to announce that the two companies have completed the sale of substantially all the assets of Trustmark's Corporate Trust business to The Peoples Bank.

Key Points: 
  • and BILOXI, Miss., Aug. 15, 2022 /PRNewswire/ -- Trustmark National Bank ("Trustmark"), a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS: TRMK), and The Peoples Bank, whose parent company is Peoples Financial Corporation (OTCQX Best Market: PFBX) are pleased to announce that the two companies have completed the sale of substantially all the assets of Trustmark's Corporate Trust business to The Peoples Bank.
  • Trustmark's Corporate Trust business has been focused on providing a wide variety of trust and agency services in connection with debt securities issued by public corporations and government entities.
  • "The seamless transition process of the Corporate Trust business portfolio to The Peoples Bank has underscored our confidence that this transaction will be positive for the Corporate Trust customers.
  • The Peoples Bank is a wholly-owned subsidiary of Peoples Financial Corporation, listed on the OTCQX Best Market under the symbol PFBX.

PEOPLES FINANCIAL CORPORATION REPORTS RESULTS FOR THE SECOND QUARTER OF 2022

Retrieved on: 
Wednesday, July 27, 2022
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BILOXI, Miss., July 27, 2022 /PRNewswire/ -- Peoples Financial Corporation (the "Company") (OTCQX Best Market: PFBX), parent of The Peoples Bank, announced earnings for the second quarter ending June 30, 2022.

Key Points: 
  • BILOXI, Miss., July 27, 2022 /PRNewswire/ -- Peoples Financial Corporation (the "Company") (OTCQX Best Market: PFBX), parent of The Peoples Bank, announced earnings for the second quarter ending June 30, 2022.
  • Net income for the second quarter of 2022 was $1,055,000 compared to net income of $789,000 for the second quarter of 2021.
  • The earnings per weighted average common share for the second quarter of 2022 were $0.23 compared to earnings per weighted average common share of $0.16 for the second quarter of 2021.
  • The improvement in net income for the second quarter of 2022 was primarily due to an increase in net interest income of $465,000 to $5,193,000 for the second quarter of 2022 as compared with $4,728,000 for the second quarter of 2021.

Trustmark National Bank Enters Agreement to Sell Corporate Trust Business to The Peoples Bank, Biloxi, Mississippi

Retrieved on: 
Thursday, March 17, 2022
Professional Services, Small Business, Technology, Other Technology, Insurance, Finance, Banking, Trust, Trustmark, National bank, Mississippi Gulf Coast, People's Bank (Sri Lanka), Corporate trust, Cyprus Securities and Exchange Commission, Securities & Exchange Commission of Pakistan, Solution, People's Bank, Insurance, Corporation, Security (finance), Bank, Financial services, People

Trustmark National Bank (Trustmark), a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS: TRMK), and The Peoples Bank, whose parent company is Peoples Financial Corporation (OTCQX Best Market: PFBX) today announced the two companies have entered into a definitive agreement whereby Trustmark will sell substantially all the assets of its Corporate Trust business to The Peoples Bank.

Key Points: 
  • Trustmark National Bank (Trustmark), a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS: TRMK), and The Peoples Bank, whose parent company is Peoples Financial Corporation (OTCQX Best Market: PFBX) today announced the two companies have entered into a definitive agreement whereby Trustmark will sell substantially all the assets of its Corporate Trust business to The Peoples Bank.
  • Trustmarks Corporate Trust business has been focused on providing a wide variety of trust and agency services in connection with debt securities issued by public corporations and government entities.
  • We are pleased that our Corporate Trust customers will enjoy the same level of service from The Peoples Banks team that they have come to expect from Trustmark.
  • Trustmark provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc., and FBBINSURANCE.