Item 2.02. Results of Operations and Financial Condition

On January 27, 2021, Peoples Financial Corporation issued a press release announcing its results for the fourth quarter of 2020 and actions taken by its Board of Directors. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Effective January 27, 2021, the Company's Board of Directors amended the Company's Bylaws in several ways, including the following: amended Article II, Section 2.12, of the Bylaws in its entirety to delete the provision for cumulative voting in election of directors; amended Article II, Section 2.14, to adopt new procedures for bringing business before stockholders meetings; amended Article III, Section 3.02, to adopt new procedures for director nominations and elections; amended Article III, Section 3.03, to revise provision addressing tenure and qualifications of directors; amended Article III, Section 3.06, to allow for electronic action of the directors without a meeting; amended Article III, Section 3.07, to provide for electronic notice for board meetings; added new Article III, Section 3.15, to address standing committees of the Board of Directors and amended Article VI to revise provision addressing the exculpation and indemnification of directors and officers.

The foregoing descriptions of the amended Bylaws is qualified in its entirety by reference to the actual text of the amendments to the Company's Bylaws, which is included as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.





  (d) Exhibits




      3.1    Amendments to the Company Bylaws as of January 27, 2021.

      99.1   Press Release issued by Peoples Financial Corporation dated January
           27, 2021 "Peoples Financial Corporation Reports Results For Fourth
           Quarter of 2020."

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