In 1988, Peoples  Bank was formed when a successful group of businessmen acquired the assets and liabilities from the FDIC for First  Bank in Bogota.  Initial equity of $1.1million was used to capitalize the new bank.  Ronald E. Abbott was CEO of Peoples  Bank.  In 1990, Peoples Bank moved to its home office to Paris’ historical downtown plaza and Terry L. Christian was hired as President of Peoples Bank.  Peoples  Bank experienced rapid growth as a result of their local board of directors and management team with a commitment to serve the local community.  Within the same year Peoples Bank’s Lamar Avenue branch opened providing customers the convenience of a drive-thru facility and 24-hour automated teller machine (ATM).  In 1995, Peoples Bank broke with the community’s traditional style of banking by opening the first seven-day-a-week branch located in the Wal Mart Supercenter.

Since opening its doors, Peoples Bank has established three locations, two operating subsidiaries, is a member of the FHLB, and has a solid, aggressive management team.  Peoples Bank currently has assets exceeding $109 million.  Peoples  Bank’s mission is to serve the community and people with whom we live.  By offering the community quality services and convenience, we hope to establish a customer for life.

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