A prominent activist investor is looking to win a board seat at Peoples Financial in Biloxi, Miss.
Stilwell Associates disclosed in a regulatory filing that it plans to nominate Stewart Peck to stand for election at the $798 million-asset Peoples’ April 24 annual meeting.
Peck is senior counsel at Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, a law firm with offices in New Orleans; Houston; Baton Rouge, La.; and Gulfport, Miss.
Stilwell owns about 12.7% of Peoples’ outstanding shares.