PEOPLES FINANCIAL SERVICES CORP. Declares 50.6% Increase in Third Quarter 2024 Dividend

Core Viewpoint - Peoples Financial Services Corp. has declared a significant increase in its cash dividend following the completion of the merger with FNCB Bancorp, Inc., indicating strong financial performance and strategic growth [3]. Group 1: Company Overview - Peoples Financial Services Corp. is the bank holding company for Peoples Security Bank and Trust Company, operating 44 full-service community banking offices across Pennsylvania, New Jersey, and New York [1]. - The bank offers a wide range of financial products and services to individuals, businesses, not-for-profit organizations, and government entities, emphasizing direct access to senior management and customer service [1]. Group 2: Dividend Announcement - The Board of Directors declared a third quarter cash dividend of $0.6175 per share, payable on September 13, 2024, to shareholders of record on August 30, 2024 [3]. - This dividend represents a 50.6% increase compared to the previous quarter and the same quarter of the prior year, reflecting the company's positive financial trajectory [3]. Group 3: Merger Details - The merger with FNCB Bancorp, Inc. was completed on July 1, 2024, and the increase in the dividend was part of the merger agreement [3].