The Peoples Holding Company to Repurchase Shares.Business Editors
TUPELO tupelo, in botany
tupelo: see black gum.
Tupelo, city, United States
Tupelo (t`pĭlō, ty , Miss.--(BUSINESS WIRE)--Oct. 22, 2002
The board of directors of The Peoples Holding Company (AMEX AMEX
See: American Stock Exchange :PHC PHC Primary health care, see there ), holding company for The Peoples Bank & Trust Company, has authorized the repurchase of up to 278,771 shares, or approximately 5%, of the Company's shares of common stock outstanding as of September 30, 2002.
The Peoples Holding Company is the parent of Mississippi's fourth largest commercial bank headquartered in the state. Through its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , The Peoples Bank & Trust Company, the company is also parent of The Peoples Insurance Agency, Inc., which is located in Corinth, Louisville and Tupelo. The Peoples Bank has assets of approximately $1.3 billion and operates 40 community bank offices in 27 north and north central Mississippi cities.