The Bank Slate


Activist investor to vie for board seat at Peoples Financial in Miss.

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.

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