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.phcfc.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: | August 18, 2004 |
At the monthly meeting on Tuesday, August 17, 2004, the board of directors of The Peoples Holding Company (AMEX: PHC) approved the payment of a quarterly cash dividend of twenty-one cents ($0.21) per share to be paid October 1, 2004, to shareholders of record September 20, 2004. This dividend represents a one-cent increase per share compared to the first quarter of 2004.
The Peoples Holding Company is the parent of The Peoples Bank & Trust Company, Mississippi's fourth largest commercial bank headquartered in the state, The Peoples Insurance Agency, Inc. and Renasant Bank of Germantown, Tennessee. PHC has assets in excess of $1.6 billion and operates 48 community bank, insurance and financial services offices in 29 cities in Mississippi and Tennessee.
