At Peoples Bank, our desire is to make the rural communities we serve better by providing superior and responsible financial products and services that increase economic opportunity, create financial stability, and improve the quality of life for the people and businesses in our market.
JOBS CREATEDThrough lending to small businesses and farmers, Peoples Bank helps to create or retain jobs in the communities it serves.
Through Small Business Lending:
Through Agriculture Lending:
In total, Peoples Bank has helped to create or retain:
SMALL BUSINESS LOANSSmall Businesses are the engine of our economy. Peoples Bank is proud to be a primary source of loans for the communities we serve.
Of the Small Business Loans made in the last five (5) years, 2,210 (65%) have been made in rural (non-MSA) areas. The amount loaned to rural small businesses over that time is $103,074,172 (74%). This excludes Simpson County, which is the Jackson MSA.
| Last 5 Years | Last 10 Years | |
|---|---|---|
| # of Loans | 1,142 | 4,765 |
| $ Loaned | $399,212,412 | $554,469,183 |
| Avg. $ Loaned | $349,573.04 | $116,362.89 |
Credit UpCreditUp is a loan program in which small, short-term loans are made to individuals seeking to improve their credit score, begin saving, or break the cycle of high-cost, payday-type borrowing.
Learn more here.
| Last 5 Years | Since 2017 | |
|---|---|---|
| # of Loans | 1,057 | 1,325 |
| $ Loaned | $1,262,917.01 | $1,574,335.23 |
| Avg. $ Loaned | $1,194.81 | $1,188.18 |
MICRO-ENTERPRISE LOANSSmall Businesses need capital to grow. At Peoples Bank, no business is too small. MicroLoans, or loans to small businesses and farms under $35,000, are essential to the success of small businesses in our community.
| # Loans | $ Loans | Avg. $ Loaned | |
|---|---|---|---|
| <$50K | 4,018 | $64,386,779.53 | $16,024.58 |
| <$10K | 1,649 | $8,296,765.12 | $5,031.39 |
| <$5K | 809 | $2,430,148.67 | $3,003.89 |
| # Loans | $ Loans | Avg. $ Loaned | |
|---|---|---|---|
| <$35K | 11,379 | $125,908,925 | $11,065.03 |
| <$10K | 3,888 | $14,996,765.12 | $3,857.19 |
| <$5K | 2,496 | $4,530,148.67 | $1,814.96 |
AGRICULTURE LOANSFarmers are the backbone of the rural communities we serve. Peoples Bank takes great joy in helping local farmers feed us all.
| Last 5 Years | Last 10 Years | |
|---|---|---|
| # of Loans | 1,564 | 2,580 |
| $ Loaned | $122,522,746.37 | $179,089,190.37 |
| Avg. $ Loaned | $78,339.35 | $69,414.41 |
AFFORDABLE HOUSING LOANSHome ownership is a big step for individuals and families. Peoples Bank helps make it as easy as possible with Affordable Housing Loans.
| Last 5 Years | Last 10 Years | |
|---|---|---|
| # of Loans | 946 | 1439 |
| $ Loaned | $129,994,138.20 | $190,655,963.20 |
| Avg. $ Loaned | $137,414.52 | $132,491.98 |
CONSUMER LOANSMeeting financial needs of the residents of the communities we serve is a large part of why Peoples Bank exists.
| Last 5 Years | Last 10 Years | |
|---|---|---|
| # of Loans | 6,613 | 16,439 |
| $ Loaned | $35,119,819.20 | $84,429,782.20 |
| Avg. $ Loaned | $5,310.72 | $5,135.94 |
PB COMMUNITY IMPACT FUNDPB Community Impact Fund (PBCIF) is a firm whose mission is to provide specialized financing in support of economic vitality and job growth in underserved areas across Mississippi, Alabama, Louisiana, and Arkansas through the allocation of New Markets Tax Credits. As a company certified by the U.S. Treasury as a Community Development Entity, PBCIF has received $50 million in New Markets Tax Credits allocation.
PBCIF NMTC Allocation
Total Project Costs
Jobs Created & Retained
Learn more by visting our PBCIF site.
Peoples Bank specializes in small business and microenterprise lending. No business is too small to receive our complete attention. We love helping employees become owners. As a preferred SBA lender, we are able to leverage SBA guarantees to make loans that other lender can’t. As we see it, the extra work of obtaining loan guarantees is well worth the benefit of increasing local economic opportunity caused by getting capital into the hands of the producers and job creators who need it.
We live in the communities we serve. That’s why giving back is so important at Peoples Bank. Whether it is teaching financial basics in local schools, serving on local boards and communities, establishing local 5K races to support healthy lifestyle choices, sponsoring local youth activities, providing financial counseling for consumers, or offering training for local small businesses, we know that we will always be only as strong as the communities we serve.
