EXHIBIT 99.1




    STATEMENT OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER
                         OF THE PEOPLES HOLDING COMPANY
                       PURSUANT TO 18 U.S.C. SECTION 1350



Each of the  undersigned  hereby  certifies in his capacity as an officer of The
Peoples  Holding  Company and its subsidiary  (collectively  the "Company") that
this Quarterly  Report on Form 10-Q for the period ended June 30, 2002, as filed
with the Securities and Exchange  Commission on the date hereof (this "Report"),
fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange  Act of 1934,  and the  information  contained  in this  Report  fairly
presents,  in all material  respects,  the  financial  condition  and results of
operations of the Company.



DATE:  August 14, 2002                  /s/  E. Robinson McGraw
                                        -----------------------
                                        E. Robinson McGraw
                                        Chief Executive Officer


DATE:  August 14, 2002                  /s/  Stuart R. Johnson
                                        -----------------------
                                        Stuart R. Johnson
                                        Chief Financial Officer