SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20543
FORM 8-K
Current Report
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report January 24, 1995
THE PEOPLES HOLDING COMPANY
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(Exact name of registrant as specified in it's charter)
Mississippi 0-12154 64-0676974
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(State or (Commission (I.R.S. Iden-
other file tification
jurisdiction) number) number)
209 Troy Street, Tupelo, Mississippi 38802-0709
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(Address of principal executive officers) (Zip Code)
Registrant's Telephone Number: (601) 680-1001
ITEM 1: CHANGES IN CONTROL OF REGISTRANT
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Not applicable.
ITEM 2: ACQUISITION OR DISPOSITION OF ASSETS
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On December 31, 1994, The Peoples Holding Company
merged with New South Capital Corporation and its wholly
owned subsidiary New South Bank located in Batesville,
Mississippi in an acquisition accounted for as a pooling
of interest.
Upon completion of the acquisition, the bank's assets
increased from approximately $765 million to $785
million. The addition of the Batesville location
brings the bank's total number of offices to forty-three,
operating in twenty-eight communities and seventeen
counties in north and north central Mississippi.
ITEM 3: BANKRUPTCY OR RECEIVERSHIP
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Not applicable.
ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTS
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Not applicable.
ITEM 5: OTHER EVENTS
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Not applicable.
ITEM 6: RESIGNATION OF REGISTRANT'S DIRECTORS
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Not applicable.
ITEM 7: FINANCIAL STATEMENTS PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
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Not applicable.
SIGNATURE
Pursuant to the requirements of The Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
it's behalf by the undersigned thereunto duly authorized.
THE PEOPLES HOLDING COMPANY
___________________________
John W. Smith
President & CEO
DATE: January 24, 1995