Business
PEOPLES FINANCIAL SERVICES CORP. Declares 50.6% Increase in Third Quarter 2024 Dividend
SCRANTON, Pa., July 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ: PFIS) declared a third quarter
About this update from Peoples Financial Services Corp.
[{"type":"text","content":"SCRANTON, Pa., July 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (\"Peoples\") (NASDAQ: PFIS) declared a third quarter cash dividend of $0.6175 per share. The dividend is payable September 13, 2024 to shareholders of record August 30, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the second quarter of 2024 and the third quarter in the prior year. On July 1, 2024, Peoples completed the previously announced merger of FNCB Bancorp, Inc. (\"FNCB\") with and into Peoples. The increase to the dividend was contemplated as part of the Agreement and Plan of Merger between Peoples and FNCB.\n\n \n \n \n \n \n \n\n \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 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 psbt.com.\nForward-looking Statements\nThis 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.\nAdditionally, for...