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The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation
February 9, 2021 GMT
NEW YORK, Feb. 9, 2021 /PRNewswire/ The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the “Company”)(OTCMKTS: PFBX), today announced that it delivered a letter to shareholders of the Company.
The full text of the letter follows:
February 9, 2021
For a generation, our Company has performed dismally.
Earnings are subpar; loan underwriting is poor; capital allocation is seemingly nonexistent; expenses are bloated; dividends are meager; and the shareholders are the ones who suffer, year-in and year-out.