---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-006718"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2022-03-18T23:59:59+00:00"
generated_at: "2026-06-26T21:50:06.083591+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial's bank buying Trustmark's corporate trust business for $650,000

## Summary
- The Peoples Bank acquires Trustmark's corporate trust business for $650,000, subject to adjustment for asset fluctuation.
- Approximately 200 bond issues will be transferred to The Peoples Bank's asset management department.
- Transaction expected to close in Q2 2022, pending FDIC approval and customary closing conditions.
- Adds to Peoples' existing corporate trust portfolio in Biloxi, MS.
- Trustmark will retain its wealth management services (private banking, brokerage, trust).

## SEC filing metadata
- accession: 0001437749-22-006718
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2022-03-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000143774922006718/0001437749-22-006718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000143774922006718/pfbx20220317_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-006718
- JSON: https://secwatch.observer/filing/0001437749-22-006718.json
- Plain text: https://secwatch.observer/filing/0001437749-22-006718.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.