ADVISORY, July 21, 2010 (GLOBE NEWSWIRE) --
Representatives fromPeoples Federal Bancshares, Inc. [PEOP] will visit the NASDAQ MarketSite in New York City's Times Square to celebrate the company's initial public offering on NASDAQ.
In honor of the occasion, Maurice H. Sullivan, Jr., Chairman and Chief Executive Officer of Peoples Federal Bancshares, Inc. will preside over the NASDAQ Closing Bell accompanied by representatives from the company. Trading of the common stock of Peoples Federal Bancshares, Inc. on the NASDAQ Capital Market under the symbol "PEOP" commenced on July 7, 2010.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Thursday, July 22, 2010 at 3:50 p.m.- 4:00 p.m. ET
The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (ul 5985V; dl 3760H). The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.
An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.
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A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx
To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.
About Peoples Federal Bancshares, Inc. [PEOP]:
Peoples Federal Bancshares, Inc., a Maryland corporation, has recently completed an offering of shares of common stock for sale in connection with the conversion of Peoples Federal MHC and its subsidiary, Peoples Federal Savings Bank, from the mutual to the stock form of organization. Trading of the common stock of Peoples Federal Bancshares, Inc. on the NASDAQ Capital Market under the symbol "PEOP" commenced on July 7, 2010.
Peoples Federal Savings Bank is a federally chartered savings bank headquartered in Brighton, Massachusetts. The Bank was organized in 1888, and reorganized into the mutual holding company structure in 2005. Peoples Federal Savings Bank is currently the wholly owned subsidiary of Peoples Federal Bancorp, Inc., a federal corporation, which is the wholly owned subsidiary of Peoples Federal MHC, a federal mutual holding company. On a consolidated basis, as of March 31, 2010, Peoples Federal MHC had total assets of $487.7 million, total loans of $366.4 million, total deposits of $377.9 million and equity of $52.5 million. Peoples Federal Bancshares, Inc. and its subsidiary, Peoples Federal Savings Bank provide financial services to individuals, families and businesses in the Boston metropolitan area through our six banking offices located in Brighton, Allston, West Roxbury and Jamaica Plain, in Suffolk County, Massachusetts, and Brookline and Norwood in Norfolk County, Massachusetts.
Peoples Federal Savings Bank's business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans, including home equity loans and lines of credit, multi-family mortgage loans, commercial real estate loans and construction loans and lines of credit. To a much lesser extent, we also originate commercial loans and consumer loans and invest in mortgage-backed securities. Peoples Federal Savings Bank offers a variety of deposit accounts, including statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts and individual retirement accounts.
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