Peoples Bank

What Peoples Bank does

Peoples Bank is a privately held, FDIC-insured community bank founded in 1908 and headquartered in Mendenhall, Mississippi, operating four physical branches across the state in Mendenhall, Magee, Collins, and Richland. The bank is also a Certified Community Development Financial Institution (CDFI) as designated by the U.S. Department of the Treasury CDFI Fund, which positions it within a specialized federal funding and community development ecosystem aimed at underserved and rural markets. Its product set spans personal banking (checking, savings, personal loans, residential mortgage, instant-issue debit) and business banking (checking, savings, commercial loans), augmented by a dedicated Mortgage Division, a dedicated SBA Division (yoursba.bank) for SBA-backed small business lending, the CreditUp credit-builder loan program for underbanked and credit-challenged consumers, and the PB Community Impact Fund (pbcif.com) for community development initiatives.

The technology stack is a conventional retail-banking digital channel: an online and mobile banking platform that supports account access, bill pay, mobile deposit, mobile wallet (contactless payments), and person-to-person payments. The platform is delivered through a third-party digital banking provider (the site indicates it is "Powered by CSI"), rather than being built in-house, and there are no APIs, proprietary AI/ML components, or developer-facing integrations evident in the disclosed data. Revenue mechanics are not publicly disclosed but, consistent with a community-bank business model, are expected to derive primarily from net interest margin on the loan book (consumer, mortgage, commercial, SBA, agricultural), with secondary income from deposit-account fees and interchange on debit card transactions.

Go-to-market is a hybrid community-banking distribution model: physical branches serve as the primary relationship channel, supplemented by phone-based customer service via the Peoples Access Line, a self-serve digital channel, and a small-business outreach embedded in the SBA and Mortgage field-sales functions. Customer segmentation spans individual consumers, small and medium-sized businesses, agricultural borrowers, female entrepreneurs, and credit-challenged consumers — all anchored in rural Mississippi. Pricing is not publicly disclosed and is communicated through inquiry or quote; this is consistent with relationship-based community banking rather than rate-sheet competition.

Name

Peoples Bank

Legal name

Peoples Bank

Website

https://peoplesbank-ms.com

Company type

Private

Founded year

1908

Operating status

Operating

Headcount range

101–250 employees

Short description

Peoples Bank is a privately held, FDIC-insured, CDFI-certified community bank founded in 1908 in Mendenhall, Mississippi, serving rural Mississippi consumers, small and medium-sized businesses, and agricultural borrowers through four branches, a digital banking platform, and dedicated mortgage and SBA divisions.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Personal banking
• Business banking
• Mortgage lending
• SBA lending

Headquarters

HQ city

Mendenhall

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Distribution channels5 records

Marketing channels3 records

Core offering

Peoples Bank is a community bank that provides personal and business banking products including checking accounts, savings accounts, personal and commercial loans, mortgages, SBA-backed lending, and a specialized CreditUp credit-building loan program. It operates a four-branch network across Mississippi and supports customers with a digital banking platform offering online banking, mobile deposit, mobile wallet, bill pay, and person-to-person payments.

Product overview

Peoples Bank is a community bank headquartered in Mendenhall, Mississippi, founded in 1908, offering a unified portfolio of traditional banking products and services. The core offering includes personal banking products (Checking, Savings, Loans, Mortgage, Instant Issue Debit) and business banking products (Checking, Savings, Business Loans). Digital Banking serves as a supplementary platform providing online access, mobile deposit, mobile wallet, bill pay, and person-to-person payments. Specialized programs include CreditUp for credit-building loans and dedicated SBA and Mortgage Divisions. The bank also operates a PB Community Impact Fund for community development. The product architecture is a single-unified-bank model where all products are offered under the Peoples Bank brand without modular add-ons.

Differentiator

Problem solved

Functional benefit

Brands

• CreditUp: 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.

Products and services

• Personal Checking Personal checking account offering for individual retail banking customers.
• Personal Savings Personal savings account product for individuals seeking to grow their savings.
• Personal Loans Personal loan products for individual financial needs.
• Personal Mortgage Residential mortgage lending services for home purchases and refinancing, offered through the bank's Mortgage Division.
• Personal Instant Issue Debit Instant issue debit card services for personal banking customers.
• Business Checking Business checking account offering for commercial and small business customers.
• Business Savings Business savings account product designed for business owners.
• Business Loans Commercial lending solutions supporting business growth and operations, including agricultural and small business financing.
• Digital Banking Online and mobile banking platform providing account access, bill pay, mobile deposit, mobile wallet, and person-to-person payment capabilities.
• CreditUp Specialized loan program offering small, short-term loans to individuals seeking to improve their credit score, begin saving, or break the cycle of high-cost, payday-type borrowing.
• SBA Lending (SBA Division) Small Business Administration lending division offering SBA-backed loans to small businesses through yoursba.bank.
• PB Community Impact Fund Community development initiative affiliated with Peoples Bank, focused on economic opportunity and improving quality of life in rural Mississippi communities.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• CDFI Fund (U.S. Department of the Treasury)coreOthersPeoples Bank holds Certified Community Development Financial Institution (CDFI) status, granted by the CDFI Fund under the U.S. Department of the Treasury. This certification enables the bank to receive specialized funding and demonstrate its commitment to community development in underserved markets.
• PB Community Impact FundcoreOthersAffiliated community development organization focused on maximizing community impact in Mississippi through economic opportunity programs and financial stability initiatives.
• FDIC (Federal Deposit Insurance Corporation)coreOthersPeoples Bank is FDIC-insured, backed by the full faith and credit of the U.S. Government, providing deposit insurance protection to customers.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cadence Bank (formerly BancorpSouth): Cadence Bank is a regional commercial bank with deep Mississippi roots and a statewide retail/commercial banking franchise. It competes with Peoples Bank for the same personal and small-business customers across Mississippi.
• First Horizon Corporation: First Horizon is a large regional bank holding company with operations across the Southeast, including Mississippi. It is comparable in product set (deposits, loans, mortgage, digital banking) though operating at much greater scale.
• Trustmark Corporation: Trustmark is a larger Mississippi-based bank holding company offering retail, commercial, and wealth management services statewide. It is a relevant peer for market positioning and competitive overlap in Mississippi community banking.
• Renasant Corporation: Renasant is a regional bank holding company with a meaningful Mississippi presence offering community banking, mortgage, and wealth services. It is comparable to Peoples Bank in customer segments served and geographic footprint, though at significantly larger scale.

Direct peers

• Southern Bancorp: Southern Bancorp is a CDFI-certified community bank holding company headquartered in Lake Village, Arkansas, with branches in the Mississippi Delta. It mirrors Peoples Bank's CDFI status, rural community banking model, and credit-building mission, making it a highly comparable peer.
• Community Bank of Mississippi (Community Bancshares of Mississippi): Community Bank of Mississippi is a community-focused commercial bank operating across Mississippi. It directly competes with Peoples Bank for retail and SME banking customers in overlapping Mississippi markets.
• Hope Credit Union (Hope Enterprise Corporation): Hope Credit Union is a CDFI-certified financial institution serving the Deep South, including Mississippi. It mirrors Peoples Bank's community-development focus, deposit and consumer lending services, and credit-building programs targeting underserved rural populations.
• Citizens National Bank of Meridian: Citizens National Bank is a Mississippi community bank offering personal and business banking across central and eastern Mississippi. It is comparable to Peoples Bank in size, geographic focus, and community banking model.

Emerging players

• LiftFund: LiftFund is a CDFI-certified nonprofit small-business lender operating across the Southeast, including Mississippi. It overlaps with Peoples Bank's SBA and small-business lending segments in underserved markets.

Regional players

• BankPlus: BankPlus is a Mississippi-headquartered community bank with branches across the state. It competes directly with Peoples Bank for retail and small-business deposits and loans in the same Mississippi geography, making it a strong regional competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/peoplesbankms
• Facebookfacebook.com/peoplesbankmississippi
• LinkedInlinkedin.com/company/peoples-bank-ms
• Instagraminstagram.com/peoplesbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peoples Bank