Business
Peoples Financial Services Corp. and FNCB Bancorp, Inc. Complete Merger
SCRANTON, Pa. and DUNMORE, Pa., July 1, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (Nasdaq: PFIS) today announced the completion of the
About this update from Peoples Financial Services Corp.
[{"type":"text","content":"SCRANTON, Pa. and DUNMORE, Pa., July 1, 2024 /PRNewswire/ -- Peoples Financial Services Corp. (\"Peoples\") (Nasdaq: PFIS) today announced the completion of the merger of FNCB Bancorp, Inc. (\"FNCB\") with and into Peoples, and the merger of FNCB Bank with and into Peoples Security Bank and Trust Company (\"Peoples Bank\"), effective July 1, 2024.\n\n \n \n \n \n \n \n\n \n\"The completion of this merger unites two dynamic institutions to create a leading, $5.6 billion community bank with operations in Pennsylvania, New York and New Jersey,\" said Craig Best, Chief Executive Officer and Director of Peoples and Peoples Bank. \"The combination of Peoples and FNCB will benefit our customers and the communities we serve, create new opportunities for our employees and drive long-term growth and shareholder value.\"\n\"FNCB Bank's merger with Peoples Bank marks a significant milestone in our journey,\" said Jerry Champi, President of Peoples and Peoples Bank. \"This union brings together two institutions with deep roots in community banking. Our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust. Together, we will provide an even better banking experience for everyone.\"\nThe combined organization is expected to have approximately $5.5 billion in assets with approximately $4.0 billion in loans and $4.7 billion in deposits throughout its operations spanning Pennsylvania, New York and New Jersey. All branches of the combined company will operate under the Peoples banner after the integration is completed. The combined company will trade under Peoples ticker symbol (PFIS) on the Nasdaq Global Select Stock Market.\n About Peoples Financial Services Corp. \nPeoples 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 organizati...