Peoples Federal Bancshares, Inc. is a savings and loan holding company. The Company operates through its banking subsidiary, Peoples Federal Savings Bank. The Bank's business consists 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, multi-family mortgage loans, commercial real estate loans, construction loans and investment securities. It also originates consumer loans and commercial business loans. The Bank offers deposit accounts, including passbook and statement savings accounts, term certificates, money market accounts, commercial and regular checking accounts, and individual retirement accounts (IRAs).