On March 22, 2024, Stilwell Value LLC filed a definitive proxy statement soliciting proxies and recommended the shareholders of Peoples Financial Corporation to vote for the election of its nominee, Stewart F. Peck, as director of the Company and do not vote for the election of Company?s nominees, Ronald G. Barnes, Padrick D. Dennis, Jeffrey H. O'Keefe, Paige Reed Riley, George J. Sliman, and Chevis C. Swetman, as directors of the Company at the Company?s annual shareholders meeting scheduled to be held on April 24, 2024.