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Mississippi-based Peoples Financial's board OKs buyback plan

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Mississippi-based Peoples Financial's board OKs buyback plan

Peoples Financial Corp.'s board approved the repurchase of up to 110,000 of the company's common shares.

Shares will be bought back at the discretion of management either on the open market or through privately negotiated transactions. Repurchased shares will be retired.

The Biloxi, Miss.-based company reported 5,123,186 common shares outstanding as of Sept. 30.