There are to many people on the board of directors for Peoples Bank. It is time for the shareholders at the next meeting to demand that they reduce the size to a half of a dozen or so. The idea that more is better has been proven wrong looking at the stock price. It is lower than when all the directors were added. It is obvious that more is not better.
At the next shareholder meeting this change should be introduced to force them into taking a vote on reducing the size of the board. They also should adjust bonuses to performance.