The name will change, but the people and dedicated service that you have always known will remain the same.

That was the summary of the statement given by President and CEO, Mitch Spillers, when he announced that Peoples Bank in Chatham has been acquired by Homeland Federal Saving Bank (Homeland Bankshares, Inc.) as of January 1, 2024.

Witnessing the landmark event were officials and board members of both Homeland Bankshares and Peoples Bank (shown above l-r), Julie Darden (CFO for Homeland Bank), Drew Keahey (Chairman of the Board for Homeland Bank), Scott Murry (CFO and Board member for Peoples Bank), Ben Malone (Board member, Peoples Bank), Ronnie Darden (President/CEO, Homeland Bank and Chairman of the Board for Homeland Bancshares, Inc.), H. Alton Spillers, Jr. (retired Chairman for Peoples Bank and Director Emeritus), Ronnie Spillers (Board member, Peoples Bank), Lane Spillers (Board member, Peoples Bank), Mitch Spillers (President/CEO/Chairman of the Board…Peoples Bank). 

I am pleased to announce that effective January 1, 2024, Peoples Bank has been acquired by Homeland Federal Savings Bank (Homeland Bankshares, Inc.). Peoples Bank has been in continuous operation since 1908 and has remained independent since that time.

We will continue to operate as an independent bank for the foreseeable future. Our name will not change. Our current board of directors will remain in place as well as our executive team and other employees. Our board of directors firmly believes that this acquisition will allow Peoples Bank to maintain a strong capital position while being able to lean on a much larger organization to provide improved banking products and services for our customers.

This decision was not taken lightly. Great time, effort, and prayer went into making this decision. I am personally encouraged and excited about what the future holds for Peoples Bank given the support and commitment from Homeland Bank.

Thank you to all our customers for entrusting us with your banking needs and we look forward to what the future will bring!

Sincerely,

Mitch Spillers
President/CEO
Peoples Bank
Chatham, LA