At a glance
From its website, read 2 Nov 2026Peoples Bank is a bank or thrift based in Mendenhall, Mississippi. Its website describes farm loans, auto loans, commercial real estate loans and 6 other loan types. Stated loan amounts run from $500 to $5M. Where it lends: Rural Mississippi communities. It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (601) 867-6250 source |
|---|---|
| Website | peoplesbank-ms.com |
| Office (official list) | PO Box 7, Mendenhall, MS 39114 |
What their website says about applying
Prior to receiving a CreditUp loan, all participants must complete a financial literacy class provided by Peoples Bank.
sourceCertificate of Completion from Financial Literacy class must be presented when applying for a CreditUp loan.
sourceProof of at least one (1) of the sources of income listed below is required (documented source of income must be no older than one month):
sourceAll borrowers must open a CreditUp Savings account.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Credit-builder loans | Term: see their wording | have terms ranging from 12 – 24 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Low or damaged credit considered
For applicants starting at the earliest stages of rebuilding credit, 100% of proceeds are secured in savings
source - Collateral required
will be held in the borrower’s CreditUp Savings account as collateral against their loan.
source - Collateral flexible or not always required
Flexible collateral options
source - Training or counseling required
Prior to receiving a CreditUp loan, all participants must complete a financial literacy class provided by Peoples Bank.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Bank or thrift |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 8 Apr 2014 |
| RSSD ID | 70638 |
| Address | PO Box 7, Mendenhall, MS 39114 Directions to the main office (Google Maps) |
| Website | peoplesbank-ms.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Affiliate PB Community Impact Fund (NMTC investments in several states) is excluded because it is a separate entity. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Agriculture / farm loans | — | we offer a full line of agriculture loans to meet your specific needs. | source |
| Auto / vehicle loans | — | When you need to purchase an automobile, new or used, we have the financing to help get you on the road. | source |
| Commercial real estate loans | — | When you are ready to purchase commercial land or an existing building, construct a new building, or expand an existing facility, we are here to help | source |
| Credit-builder loans | $500 – $2,000 | Loan amounts will range from $500 – $2000 and have terms ranging from 12 – 24 months. | source |
| Microloans | up to $35,000 | Microenterprise (Under $35,000) | source |
| Home mortgages | — | Your home is personal and deserves a personalized mortgage. | source |
| Personal / consumer loans | — | No matter your dream or need, large or small, we have a wide range of options to get you the financing you need. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | up to $5M | 7(A) Loans – Maximum Loan Amount $5,000,000 | source |
| Small-business loans | — | Growing businesses need a little help in taking advantage of opportunities when they present themselves. | source |
Loan sizes
Loan amounts will range from $500 – $2000 and have terms ranging from 12 – 24 months.
source7(A) Loans – Maximum Loan Amount $5,000,000
sourceMicroenterprise (Under $35,000)
source
Range used for the size filter: $500 to $5M
Service area
Rural Mississippi communities
make the rural Mississippi communities we serve better
source
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What is the APR, including fees, on your auto loans and credit-builder loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your farm loans and commercial real estate loans?
Their website does not state a rate for this. - Do you offer down-payment help, and is a homebuyer education course required?
CDFI home loans often come with homebuyer education or down-payment help; their website does not say. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$15.9 million in 13 awards from the U.S. Treasury's CDFI Fund, 2015–2024 (6 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Bank Enterprise Award Program | $280,369 |
| 2023 | Bank Enterprise Award Program | $437,350 |
| 2023 | Capital Magnet Fund | $4,000,000 |
| 2022 | CDFI Equitable Recovery Program | $6,197,097 |
| 2021 | Bank Enterprise Award Program | $170,699 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | Small Dollar Loan Program | $280,000 |
| 2020 | Bank Enterprise Award Program | $202,898 |
| 2019 | Bank Enterprise Award Program | $245,547 |
| 2018 | Bank Enterprise Award Program | $233,244 |
| 2017 | Bank Enterprise Award Program | $233,389 |
| 2016 | Bank Enterprise Award Program | $227,282 |
| 2015 | CDFI Program, Financial Assistance | $1,547,667 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
FDIC, 30 Jun 2026On file with the FDIC as Peoples Bank (FDIC cert 9366). Source: FDIC BankFind Suite (public data): total assets from the Call Report as of 30 Jun 2026; office list as of 30 Oct 2026, downloaded 3 Nov 2026.
| Total assets | $503.5 million (as of 30 Jun 2026) |
|---|---|
| Offices | 5 in 2 states (as of 30 Oct 2026) |
Offices by state and county (5)
Mississippi (4 offices)
- Covington County (1): 710 Main St, Collins 39428
- Rankin County (1): 129 Center St, Richland 39218
- Simpson County (2): 160 E Maud Ave, Mendenhall 39114 (main office); 611 5th Ave Sw, Magee 39111
South Carolina (1 office)
- Charleston County (1): 4401 Belle Oaks Dr, North Charleston 29405
An office shows where the lender has a branch, not where it lends or whom it lends to.
What the regulator filing shows
Call Report, 30 Jun 2026Figures from the Call Report filed by Peoples Bank (RSSD 70638, FDIC cert 9366). Source: FFIEC Central Data Repository, bulk Call Report data (public data), report date 30 Jun 2026; year-earlier figures from the 30 Jun 2025 report; downloaded 4 Nov 2026. Schedules RC-C Parts I and II, dollar amounts filed in thousands.
| Total loans and leases | $392.9 million (as of 30 Jun 2026, net of unearned income) |
|---|---|
| Change over the year | Up 6.8% from $367.8 million on 30 Jun 2025 |
| Total assets | $503.5 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| Home mortgages (1-4 family, closed-end) | $60.1 million | 15.3% |
| Commercial real estate, construction and multifamily | $200 million | 50.9% |
| Commercial and industrial (business) loans | $65.4 million | 16.6% |
| Farmland and farm production loans | $49.6 million | 12.6% |
| Consumer loans (credit cards, auto, other) | $15.7 million | 4.0% |
| All other loans and leases | $2.3 million | 0.6% |
None reported on the 30 Jun 2026 report: home equity lines of credit.
Within consumer loans: auto loans $3.9 million.
Small business loans (original amount $1 million or less, balances on 30 Jun 2026)
| Original loan amount | Secured by business property | Commercial and industrial |
|---|---|---|
| Up to $100,000 | 57 loans $2.3 million | 841 loans $15.4 million |
| $100,001 to $250,000 | 46 loans $4.9 million | 77 loans $8.3 million |
| $250,001 to $1 million | 102 loans $26.8 million | 47 loans $8.8 million |
| All small business loans | 205 loans $33.9 million | 965 loans $32.5 million |
Small farm loans (original amount $500,000 or less, balances on 30 Jun 2026)
| Original loan amount | Secured by farmland | Farm production |
|---|---|---|
| Up to $100,000 | 224 loans $6.9 million | 105 loans $1.9 million |
| $100,001 to $250,000 | 78 loans $7.9 million | 19 loans $2 million |
| $250,001 to $500,000 | 42 loans $9.1 million | 3 loans $451,000 |
| All small farm loans | 344 loans $23.9 million | 127 loans $4.3 million |
Balances are loans outstanding on the report date, not loans made during the year, and they include loans the bank bought. Shares are of gross loans and leases. The change over the year includes loans gained through mergers or bought from others. A category with no balance does not mean the bank never makes that kind of loan; ask the bank.
Home loans reported under HMDA (2025)
FFIEC HMDA data, 2025Peoples Bank reported 374 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $84.8M (median loan about $195,000). 187 were home-purchase loans.
By loan purpose
| Purpose | Loans | Share |
|---|---|---|
| Home purchase | 187 | 50% |
| Refinance (incl. 136 cash-out) | 173 | 46% |
| Home improvement | 8 | 2.1% |
| Other purpose | 6 | 1.6% |
By loan type
| Loan type | Loans | Share |
|---|---|---|
| Conventional | 119 | 32% |
| FHA-insured | 226 | 60% |
| VA-guaranteed | 19 | 5.1% |
| USDA (RHS or FSA) | 10 | 2.7% |
Included above: 30 loans on manufactured homes.
Where the loans were made
Counties with the most 2025 originations, out of 221 counties with at least one; 33% of its 2025 loans were for properties in Mississippi:
- Simpson County, MS (45)
- Covington County, MS (29)
- Rankin County, MS (12)
- Maricopa County, AZ (7)
- Smith County, MS (7)
- Forrest County, MS (4)
- Jackson County, MO (4)
- Philadelphia County, PA (4)
Filed under LEI 54930032OCUOR526IR93 as “PEOPLES BANK”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $350,000 (647 loans) | All 7(a) lenders in Mississippi: $222,350. Larger than the median loan of 81% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| Variable-rate 7(a) loans: rate over prime at approval, FY2024–26 | median 2 pts, half between 1.5 pts and 2.44 pts (234 loans; 4% at the SBA maximum) | All lenders in Mississippi: median 2.5 pts, 10% at the maximum (685 loans). |
| SBA approvals, FY2023–24 → FY2025–26 | 193 → 140 | Rank among the 16 certified CDFIs in Mississippi with SBA approvals in either period: 1 → 1. |
| Total assets (Call Report, 30 Jun 2026) | $503.5 million | Larger than 56% of the 82 other certified banks and bank holding companies in Mississippi (median $408.8 million). |
| Loans as a share of assets | 78% | Median of the same 82 banks and bank holding companies: 62%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $367.8 million → $392.9 million (+7%) | Median change of 82 other certified banks and bank holding companies in Mississippi: +9%. Rank by loans held among these 83: 31 → 31. |
| Home loans originated in 2025 (HMDA) | 374 | More than 82% of the 263 other certified CDFIs that reported 3 or more (119 at the median). Volume only; nothing here is an approval rate. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 81% |
| Rate over prime | all variable-rate 7(a) loans in Mississippi, FY2024–26 | 685 | median 2 pts vs 2.5 pts |
| SBA approvals then vs now | certified CDFIs in Mississippi with SBA approvals FY2023–2026 | 15 | rank 1 → 1 of 16 |
| Call Report total assets | other certified banks and bank holding companies in Mississippi | 82 | larger than 56% |
| Loans held then vs now | certified banks and bank holding companies in Mississippi reporting both dates | 82 | rank 31 → 31 of 83 |
| HMDA home loans | certified CDFIs with 3+ originations in 2025, nationwide | 263 | more than 82% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 647 SBA-backed approvals for Peoples Bank in fiscal years 2020–2026 (October 2019 to September 2026):
- 647 7(a) loans as the lender: $758.2M in total (gross amount approved), median $350,000
By fiscal year: FY2020 75 · FY2021 148 · FY2022 91 · FY2023 95 · FY2024 98 · FY2025 76 · FY2026 64.
What actually happened
- Size of its 7(a) loans: half were between $95,600 and $1.9M, median $350,000 (647 loans)
- Term of its 7(a) loans: median 120 months (10 years) (647 loans)
- Interest rate at approval on its 7(a) loans in FY2025–26: median 9.00%, half between 8.25% and 9.50% (140 loans; SBA's initial rate, before any change on a variable loan)
- Fixed or variable: 4% of its 7(a) loans had a fixed rate (647 loans)
- Young businesses: 50% of its 7(a) loans went to a startup or a business two years old or less (645 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) standard (575, 89%)
- 7(a) SBA Express (68, 11%)
- 7(a) working-capital and trade lines (4, 1%)
Borrower industries
NAICS sector, 3 or more loans.
- Accommodation and food services (243)
- Transportation and warehousing (105)
- Retail trade (64)
- Agriculture, forestry, fishing and hunting (56)
- Construction (37)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Simpson County, MS (69)
- Covington County, MS (66)
- Smith County, MS (43)
- Rankin County, MS (32)
- Hinds County, MS (25)
- Forrest County, MS (12)
- Jasper County, MS (11)
- Copiah County, MS (10)
- Warren County, MS (8)
- Harrison County, MS (8)
- Lafayette Parish, LA (8)
- Madison County, MS (7)
- Tarrant County, TX (6)
- Jones County, MS (6)
- Jefferson Davis County, MS (5)
- DeSoto County, MS (5)
- Jefferson County, AL (5)
- Lamar County, MS (5)
- Lauderdale County, MS (4)
- Shelby County, TN (4)
- Cumberland County, NC (4)
- El Paso County, TX (4)
- Orleans Parish, LA (4)
- Harris County, TX (4)
- Lowndes County, MS (3)
- McCracken County, KY (3)
- East Baton Rouge Parish, LA (3)
- Colleton County, SC (3)
- Perry County, MS (3)
- Lawrence County, MS (3)
- Pearl River County, MS (3)
- Marion County, IN (3)
- Bexar County, TX (3)
- Wayne County, OH (3)
- Yazoo County, MS (3)
- Calcasieu Parish, LA (3)
- Escambia County, AL (3)
- Dallas County, TX (3)
- St. Tammany Parish, LA (3)
How this lender was matched in the SBA files: FDIC cert 9366, found through the RSSD ID on the CDFI Fund list (SBA lists “Peoples Bank”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Peoples Bank may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Mendenhall and Mississippi
- Peoples Bancshares, Inc.Bank holding company · Mendenhall, MSOfficial list only
- BANK OF BROOKHAVENBank or thrift · Brookhaven, MSAuto / vehicle loans, Home repair / improvement loans, Home mortgages, Small-business loansVerified
- BANKPLUSBank or thrift · Belzoni, MSCredit-builder loans, Home mortgages, Personal / consumer loans, Small-business loansVerified
- Bancorp Of Okolona, INcBank holding company · Okolona, MSVerified
- Bank of AnguillaBank or thrift · Anguilla, MSAgriculture / farm loans, Auto / vehicle loans, Commercial real estate loans, Equipment loans…Verified
- Bank of CommerceBank or thrift · Greenwood, MSAgriculture / farm loans, Auto / vehicle loans, Credit-builder loans, Home repair / improvement loans…Verified
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CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.