Renasant (RNST) 8-K Financial statements and exhibits

Exhibit 99.1

The Peoples Holding Company (AMEX: PHC)

P.O. Box 709

Tupelo, MS 38801-0709

Phone: (662) 680-1001

Fax: (662) 680-1234

www.thepeoplesbankandtrust.com

Press Release

For additional information, contact:

	Jim Gray
	Executive Vice President, Investor Relations & Planning Director
	(662) 680-1217
	Stuart Johnson
	Executive Vice President & Chief Financial Officer
	(662) 680-1472
Date:	February 26, 2004

The Peoples Holding Company Declares Dividend

        At the monthly meeting on Tuesday, February 17, 2004, the board of directors of The Peoples Holding Company (AMEX: PHC) approved the payment of a quarterly cash dividend of twenty cents ($.20) per share to be paid April 1, 2004, to shareholders of record March 15, 2004.

        The Peoples Holding Company is the parent of Mississippi’s fourth largest commercial bank headquartered in the state. Through its wholly owned subsidiary, The Peoples Bank & Trust Company, the company is also parent of The Peoples Insurance Agency, Inc. The Peoples Holding Company has assets of approximately $1.4 billion and operates 45 community bank, insurance and financial services offices in 27 north and north central Mississippi cities.