Little girl selling lemonade
At Peoples Bank, our desire is to make the rural Mississippi 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.
In 1994, Congress created the Community Development Financial Institution (CDFI) Fund to encourage financial institutions to focus their mission on providing capital to economically distressed areas of their country.
Peoples Bank is proud of our designation as a certified Community Development Financial Institution. By providing affordable capital to the consumers and business of south central Mississippi, we live out our mission to promote economic growth in the communities we serve.
of all consumer loans made in 2016 were in persistent poverty counties.
of all small business loans made in 2016 were in persistent poverty counties.
# OF LOANS
- 53% CONSUMER
- 7% COMMERCIAL REAL ESTATE
- 2% AFFORDABLE HOUSING
- 10% AGRICULTURE
- 4% SMALL BUSINESS
- 24% MICROENTERPRISE
$ OF LOANS
- 12% CONSUMER
- 37% COMMERCIAL REAL ESTATE
- 5% AFFORDABLE HOUSING
- 19% AGRICULTURE
- 17% SMALL BUSINESS
- 10% MICROENTERPRISE
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.
Every consumer’s need is unique. Whether one needs a loan to build credit through our CreditUp program, borrow money to buy their dream car, or just needs a safe and economical place to keep their hard-earned money, our goal is to fit into our customer’s box rather than requiring them to fit into ours. That’s why we have no minimum loan amount and flexible terms that are customizable to one’s individual needs.
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.
Peoples Bank Group Picture