{"id":478221,"date":"2021-04-19T16:03:30","date_gmt":"2021-04-19T20:03:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\/"},"modified":"2021-04-19T16:03:30","modified_gmt":"2021-04-19T20:03:30","slug":"the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\/","title":{"rendered":"The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">April 19, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the &#8220;Corporation&#8221;) (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX&#8217;s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a supplement to its Definitive Proxy Statement.<\/p>\n<p>The full text of the letter follows:<\/p>\n<p>\n        <span class=\"xn-chron\">April 19, 2021<\/span>\n      <\/p>\n<p>Dear Fellow PFBX Owner,<\/p>\n<p>This is our 71<sup>st<\/sup> activist investment.\u00a0 Win or lose this year, we&#8217;re here for the duration.\u00a0 We&#8217;re after three things:<\/p>\n<ol type=\"1\">\n<li>PFBX has to reach at least average performance, or it should be sold to a better run community bank;\n<\/li>\n<li>Nepotism ends (does anyone outside the boardroom really want a 4<sup>th<\/sup> generation of the same family running our bank?); and\n<\/li>\n<li>The rewards of ownership go to the owners.\u00a0 In our opinion, what the insiders have returned to the shareholders is shameful &#8212; what they&#8217;ve awarded themselves over the years is grotesque.\u00a0 <\/li>\n<\/ol>\n<p>Please vote the GREEN card TODAY for our highly qualified nominee, <span class=\"xn-person\">Peter Prickett<\/span>.<\/p>\n<p>Sincerely,<\/p>\n<p>\n        <span class=\"xn-person\">Megan Parisi<\/span><br \/>\n        <br \/>\n        <a target=\"_blank\" href=\"mailto:MParisi@StilwellGroup.com\" rel=\"nofollow noopener\">MParisi@StilwellGroup.com<\/a><br \/>\n        <br \/>(917) 881-8076<\/p>\n<p class=\"prntac\">You can vote by telephone, online or by signing and dating the enclosed\u00a0<b><u>GREEN<\/u><\/b>\u00a0proxy card and returning it in the postage-paid envelope.<\/p>\n<p class=\"prntac\">\n        <i>If you have any questions, require assistance in voting your\u00a0<b><u>GREEN<\/u><\/b>\u00a0proxy card,\u00a0<br \/>or need additional copies of our proxy materials,\u00a0please contact\u00a0us or Okapi Partners\u00a0at the phone numbers or email listed below.<\/i>\n      <\/p>\n<p class=\"prntac\">Okapi Partners LLC<br \/>1212 Avenue of the\u00a0Americas, 24<sup>th<\/sup>\u00a0Floor\u00a0<br \/><span class=\"xn-location\">New York<\/span>, New York\u00a010036<br \/>+ 1 (212) 297-0720 (Main)\u00a0<br \/>+ 1 (855) 305-0856 (Toll-Free)\u00a0<br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:info@okapipartners.com\" rel=\"nofollow noopener\">info@okapipartners.com<\/a><\/p>\n<p>Investor Contact:<\/p>\n<p>The Stilwell Group<br \/><span class=\"xn-person\">Megan Parisi<\/span><br \/>(917) 881-8076<br \/><a target=\"_blank\" href=\"mailto:mparisi@stilwellgroup.com\" rel=\"nofollow noopener\">mparisi@stilwellgroup.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY47461&amp;sd=2021-04-19\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement-301271865.html\">http:\/\/www.prnewswire.com\/news-releases\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement-301271865.html<\/a><\/p>\n<p>SOURCE  The Stilwell Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY47461&amp;Transmission_Id=202104191600PR_NEWS_USPR_____NY47461&amp;DateId=20210419\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, April 19, 2021 \/PRNewswire\/ &#8212;\u00a0The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the &#8220;Corporation&#8221;) (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX&#8217;s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a supplement to its Definitive Proxy Statement. The full text of the letter follows: April 19, 2021 Dear Fellow PFBX Owner, This is our 71st activist investment.\u00a0 Win or lose this year, we&#8217;re here for the duration.\u00a0 We&#8217;re after three things: PFBX has to reach at least average performance, or it should be sold to a better run community bank; Nepotism ends (does anyone outside the boardroom really want a 4th generation of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-478221","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, April 19, 2021 \/PRNewswire\/ &#8212;\u00a0The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the &#8220;Corporation&#8221;) (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX&#8217;s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a supplement to its Definitive Proxy Statement. The full text of the letter follows: April 19, 2021 Dear Fellow PFBX Owner, This is our 71st activist investment.\u00a0 Win or lose this year, we&#8217;re here for the duration.\u00a0 We&#8217;re after three things: PFBX has to reach at least average performance, or it should be sold to a better run community bank; Nepotism ends (does anyone outside the boardroom really want a 4th generation of &hellip; Continue reading &quot;The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-19T20:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY47461&amp;sd=2021-04-19\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement\",\"datePublished\":\"2021-04-19T20:03:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\\\/\"},\"wordCount\":295,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY47461&amp;sd=2021-04-19\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-stilwell-group-sends-letter-to-shareholders-of-peoples-financial-corporation-and-supplements-its-definitive-proxy-statement\\\/\",\"name\":\"The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement - 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