On March 12, 2021, Stilwell Value Partners VII, L.P. announced that it has submitted its notice of intent to nominate Prickett as of the date hereof to ensure that Peoples Financial Corporation and its shareholders are aware that we are running a director nominee in opposition to one of the Company’s incumbent directors prior to the Company filing and/or mailing its proxy statement. Stilwell Value stated that it intends to resubmit its notice of intent to nominate Prickett during the timeframe set forth in the Company’s bylaws once the Company publicly discloses the date of the upcoming annual meeting.