Preheat oven to 325 degrees. Prepare 8 Inch x 4 Inch Loaf Pan by spraying with a cooking spray then set aside.
In small bowl combine peaches with 2 teaspoons flour. Mix well and set aside.
Combine 1½ cups flour, baking powder and salt together in medium bowl and set aside.
In a large mixing bowl, cream the butter and brown sugar together for 1-2 minutes until smooth.
Add in the eggs and milk to butter mixture and mix well.
Then stir in the flour mixture and mix just until combined. Don't overmix.
Gently fold in the peaches.
Pour batter into prepared loaf pan and spread evenly.
Bake on the center oven rack for 70 to 75 minutes, until a toothpick inserted into the center comes out clean.
Remove from oven and let cool for 10 minutes. Then loosen the edges of the loaf from pan with a butterknife and turn onto a wire rack to cool.
Allow to cool completely.