Peoples Federal Savings Bank News
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-bearing Transaction Accounts
Friday, August 12th, 2011By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing [...]
FDIC increase to $250,000 is permanent
Friday, August 12th, 2011You can enjoy peace of mind knowing that your accounts at Peoples Federal Savings Bank are insured up to $250,000 per depositor by the Federal Deposit Insurance Corporation (FDIC). The temporary increase in FDIC insurance coverage from $100,000 to $250,000 per depositor had an initial deadline of December 31, 2010, and then an extended deadline [...]
Peoples Federal Bancshares, Inc. Completes Stock Offering and Conversion
Tuesday, July 6th, 2010BRIGHTON, MASSACHUSETTS July 6, 2010 – Peoples Federal Bancshares, Inc., the holding company for Peoples Federal Savings Bank, announced that it completed its stock offering in connection with the mutual to stock conversion of Peoples Federal MHC on Tuesday, July 6, 2010. Shares of Peoples Federal Bancshares, Inc. are expected to begin trading on Wednesday, [...]
Peoples Federal Bancshares, Inc. Announces Completion Date of Conversion and Stock Offering
Tuesday, June 29th, 2010BRIGHTON, MASSACHUSETTS, June 29, 2010 – Peoples Federal Bancshares, Inc., the proposed holding company for Peoples Federal Savings Bank, announced today that it expects to close its conversion and stock offering on Tuesday, July 6, 2010. Shares of Peoples Federal Bancshares, Inc. are expected to begin trading on Wednesday, July 7, 2010, on the NASDAQ [...]
Peoples Federal Bancshares, Inc. Announces the Expiration of Public Offerings of Common Stock
Thursday, June 17th, 2010BRIGHTON, MASSACHUSETTS, June 17, 2010 – Peoples Federal Bancshares, Inc., the proposed holding company for Peoples Federal Savings Bank, announced today that the offering period for the subscription offering in connection with the mutual to stock conversion of Peoples Federal MHC expired, as scheduled, on June 14, 2010. Based upon preliminary results, orders for approximately [...]