PROSPECTUS PEOPLES FINANCIAL CORPORATION (a Georgia corporation) ________________________ $3,000,000 DEMAND NOTES Payable Upon Demand ________________________ Offered Only to Bona Fide Residents of the State of Georgia ________________________ THESE SECURITIES ARE RISKY AND SPECULATIVE AND THUS INVESTMENT IN THESE SECURITIES INVOLVES CERTAIN RISKS. SEE “RISK FACTORS.” (Page 2) ________________________ THE DEMAND NOTES ARE NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY SIMILAR INSTITUTION. ________________________ THESE SECURITIES HAVE BEEN REGISTERED WITH THE SECURITIES COMMISSIONER OF THE STATE OF GEORGIA. THE SECURITIES COMMISSIONER, BY ACCEPTING REGISTRATION, DOES NOT IN ANY WAY ENDORSE OR RECOMMEND THE PURCHASE OF ANY OF THESE SECURITIES.
Demand Notes(1) Totals
Price to Public $3,000,000 $3,000,000
Underwriting Commissions (2) None None
Proceeds to Company (3) $3,000,000 $3,000,000
________________ (1) Although not subordinated by their terms to any unsecured indebtedness of the Company, the Demand Notes are in effect subordinated and junior to all indebtedness of the Company’s subsidiaries because indebtedness of a subsidiary would have to be satisfied before the assets of the subsidiary would be available to creditors of the Company. (2) The Demand Notes are being offered by the Company and are to be sold by certain officers of the Company, in addition to their other duties, without any commissions, bonuses or other remuneration whatsoever. (3) Assuming all the Notes are sold and before deducting expenses payable by the Company estimated at $40,000.
___________________________ The date of this Prospectus is April 14, 2026.