Peoples Financial Corporation announced directors Rex E. Kelly and Dan Magruder will not stand for re-election at the annual shareholders meeting on April 22, 2020 and will retire from the holding company board when their current term is completed at that time. Accordingly, Messrs. Kelly and Magruder tendered their resignations on January 31, 2020 from the board of directors of The Peoples Bank, Biloxi, Mississippi (“Bank”).