SCRANTON, Pa., July 30,
2024 /PRNewswire/ -- Peoples Financial Services Corp.
("PFIS") (Nasdaq: PFIS) today announced that Craig Best, CEO, and Jerry Champi, President, will ring the
4:00 PM ET closing bell at the NASDAQ
Stock Market in Times Square, New York,
NY, on Tuesday, July 30, 2024.
This ceremony will commemorate the recent merger of FNCB Bancorp,
Inc. ("FNCB") with and into PFIS, and the merger of FNCB Bank with
and into Peoples Security Bank and Trust Company ("PSBT"),
effective July 1, 2024. Members of
the PFIS Board of Directors, PSBT management team, and employees
will also be in attendance.
A live stream of the Nasdaq Closing Bell will be available at:
https://www.nasdaq.com/marketsite/bell-ringing-ceremony
"This merger represents a significant milestone in our growth
strategy," said Craig Best, CEO of
PFIS and PSBT. "We are excited to unite our organizations and
continue delivering exceptional financial services to our
communities."
Jerry Champi, President of PFIS
and PSBT, added, "The integration of FNCB Bank into Peoples
Security Bank and Trust Company strengthens our commitment to
providing high-quality service and expanding our market presence.
We look forward to a bright future together."
About Peoples Financial Services Corp.
Peoples Financial Services Corp. is the bank holding company of
Peoples Security Bank and Trust Company, an independent community
bank serving its retail and commercial customers through 44
full-service community banking offices located within the
Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, Wayne, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New
York. Each office, interdependent with the community, offers
a comprehensive array of financial products and services to
individuals, businesses, not-for-profit organizations and
government entities. People's business philosophy includes offering
direct access to senior management and other officers and providing
friendly, informed and courteous service, local and timely. For
more information, visit www.psbt.com.
Forward-Looking Statements:
This communication includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
with respect to the beliefs, goals, intentions, and expectations of
Peoples regarding the FNCB merger; and other statements that are
not historical facts. Forward–looking statements are typically
identified by such words as "believe," "expect," "anticipate,"
"intend," "outlook," "estimate," "forecast," "project," "will,"
"should," and other similar words and expressions, and are subject
to numerous assumptions, risks, and uncertainties, which change
over time.
Additionally, forward–looking statements speak only as of the
date they are made; Peoples does not assume any duty, and does not
undertake, to update such forward–looking statements, whether
written or oral, that may be made from time to time, whether as a
result of new information, future events, or otherwise.
Furthermore, because forward–looking statements are subject to
assumptions and uncertainties, actual results or future events
could differ, possibly materially, from those indicated in or
implied by such forward-looking statements as a result of a variety
of factors, many of which are beyond the control of Peoples. Such
statements are based upon the current beliefs and expectations of
the management of Peoples and are subject to significant risks and
uncertainties outside of the control of Peoples. Caution should be
exercised against placing undue reliance on forward-looking
statements. The factors that could cause actual results to differ
materially include the following: the possibility that the
anticipated benefits of the FNCB merger will not be realized when
expected or at all, including as a result of the impact of, or
problems arising from, the integration of FNCB, or as a result of
the strength of the economy and competitive factors in the areas
where Peoples conducts business; the possibility that the FNCB
merger may be more expensive to complete than anticipated,
including as a result of unexpected factors or events; diversion of
management's attention from ongoing business operations and
opportunities; the possibility that Peoples may be unable to
achieve expected synergies and operating efficiencies in the FNCB
merger within the expected timeframes or at all and to successfully
integrate the operations of Peoples; such integration may be more
difficult, time-consuming or costly than expected; revenues
following the FNCB merger may be lower than expected; Peoples'
success in executing its business plans and strategies and managing
the risks involved in the foregoing; the dilution caused by
Peoples' issuance of additional shares of its capital stock in
connection with the FNCB merger; the outcome of any legal
proceedings that may be instituted against Peoples; the ability of
Peoples to meet expectations regarding the accounting and tax
treatments of the FNCB merger; the risk that any announcements
relating to the FNCB merger could have adverse effects on the
market price of Peoples' common stock; effects of the completion of
the FNCB merger on the ability of Peoples to retain customers and
retain and hire key personnel and maintain relationships with its
suppliers, and on its operating results and businesses generally;
and risks related to the potential impact of general economic,
political and market factors on Peoples; and the other factors
discussed in the "Risk Factors" section of Peoples' Annual Report
on Form 10–K for the year ended December 31,
2023, and in the "Risk Factors" and "Management's Discussion
and Analysis of Financial Condition and Results of Operations"
sections of other reports Peoples may file with the SEC from time
to time.
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SOURCE Peoples Financial Services Corp.
