Document ID: SEC-2006-0350-0001
Agency: sec
Document Type: Notice
Title: Applications, hearings, determinations, etc.: People Financial Corp.
Posted Date: 2006-03-16T05:00Z

[Federal Register: March 16, 2006 (Volume 71, Number 51)]
[Notices]               
[Page 13639-13640]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr16mr06-85]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53467; File No. 81-935]

 
Notice of an Application of Peoples Financial Corporation Under 
Section 12(h) of the Securities Exchange Act of 1934

March 10, 2006.
    The Securities and Exchange Commission gives notice that Peoples 
Financial Corporation has filed an application under Section 12(h) of 
the Securities Exchange Act of 1934, as amended, for certain relief. 
Peoples states that its principal executive offices are located in 
Biloxi, Mississippi, which is within one of the Presidentially Declared 
Disaster Areas where Individual Assistance has been authorized by the 
Federal Emergency Management Agency as a result of Hurricane Katrina, 
and that its sixteen branch facilities are also located in the Disaster 
Areas. In its application, Peoples asserts that the relief is necessary 
due to, among other things, the extraordinary impact of Hurricane 
Katrina on Peoples's facilities, personnel, customers, and independent 
public accountant. For example, the application indicates that: (1) 
Peoples, which is a bank holding company, lost six of the sixteen 
branch locations of its bank subsidiary, The Peoples Bank; (2) more 
than twenty percent of its employees lost their homes, another twenty-
five percent had serious damage to their homes and several of Peoples's 
branches served as temporary housing for employees; and (3) company 
personnel have had to focus on on-going post-Katrina recovery issues 
such as evaluation of the loan portfolio and recovery and 
decontamination of items from vaults and safe deposit boxes. Further, 
the application states that: (1) The Biloxi, Mississippi office of 
Peoples's independent public accountants, which housed all of their 
hard copy records and computer files, was destroyed and more than 
twenty-five percent of their professional and support staff have 
relocated out of the area; and (2) Peoples was the only client of its 
independent public accountants that is subject to the reporting 
requirements of Section 13 or 15(d) of the Exchange Act. Accordingly, 
Peoples asks the Commission to order that Peoples be required to first 
include the disclosures specified in paragraphs (a) and (b) of Item 308 
of Regulation S-K and first comply with Exchange Act Rule 13a-15(c) for 
the fiscal year ended December 31, 2006.
    For a detailed statement of the information presented, all persons 
are referred to Peoples's application, which is on file in the 
Commission's Public Reference Room, Station Place, 100 F Street, NE., 
Washington, DC 20549.
    The Commission also gives notice that any interested person may, 
not later than March 30, 2006, submit to the Commission in writing its 
views on any substantial facts bearing on the application or the 
desirability of a hearing thereon.
    Any such communication or a request that the Commission hold a 
hearing on this matter may be submitted by any of the following 
methods:

[[Page 13640]]

Electronic Communications

     Use the Commission's Internet comment form (http://www.sec.gov/rules/other.shtml.
); or     Send an e-mail to rule-comments@sec.gov. Please include 

File Number 81-935 on the subject line.

Paper Communications

     Send paper comments in triplicate to Nancy M. Morris, 
Secretary, Securities and Exchange Commission, Station Place, 100 F 
Street, NE., Washington, DC 20549-1090.
    All submissions should refer to File Number 81-935. This file 
number should be included on the subject line if e-mail is used. To 
help the Commission process and review your communications more 
efficiently, please use only one method. The Commission will post all 
communications on the Commission's Internet Web site (http://www.sec.gov/rules/other.shtml
). Copies of the submission, all 

subsequent amendments, all written statements with respect to the 
application filed with the Commission, and all written communications 
relating to the application between the Commission and any person, 
other than those that may be withheld from the public in accordance 
with the provisions of 5 U.S.C. 552, will be available for inspection 
and copying in the Commission's Public Reference Room. All 
communications received will be posted without change; the Commission 
does not edit personal identifying information from submissions. You 
should submit only information that you wish to make available 
publicly. All submissions should be submitted on or before March 30, 
2006.
    Persons who request a hearing or advice as to whether a hearing is 
ordered will receive any notices and orders issued in this matter, 
including the date of the hearing (if ordered) and any postponements 
thereof. At any time after said date, the Commission may issue an order 
granting the application upon request or upon the Commission's own 
motion.

    For the Commission, by the Division of Corporation Finance, 
pursuant to delegated authority.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-3778 Filed 3-15-06; 8:45 am]

BILLING CODE 8010-01-P