News & Announcements
Peoples Financial Services Corp. now trading on NASDAQJul 25, 2014
SCRANTON, PA., July 25, 2014 Peoples Financial Services Corp., the bank holding company for Peoples Security Bank & Trust Company, began trading on The NASDAQ Stock Market LLC on April 2, 2014 under the ticker symbol, “PFIS”.
Members of the bank’s Board of Directors, Executive Management team and their guests visited the NASDAQ Market Site in Times Square, New York on Tuesday, July 22 to take part in the NASDAQ Stock Market closing bell ceremony. After a formal welcome from NASDAQ officials, Mr. Craig Best, President & Chief Executive Officer of Peoples Security Bank offered remarks and thanked members of the Board of Directors and Executive Management team, as well as all bank employees, for their dedication and hard work contributing to the success of the bank. In honor of the occasion, Mr. Best and Peoples Security rang the closing bell.
About Peoples Financial Services Corp. (NASDAQ: PFIS):
Peoples Financial Services Corp. (the “Company”) is the parent company of Peoples Security Bank & Trust Company, the largest community bank headquartered in Northeastern Pennsylvania. With approximately $1.7 billion in assets, the company is comprised of twenty-six offices with a footprint stretching from the Poconos, through the greater Scranton area into the Endless Mountains and pushing into upstate New York. A large portion of Peoples’ franchise is located in the heart of the gas rich Marcellus Shale Region. To learn more about the Bank, please visit psbt.com.
Safe Harbor Forward Looking Statement
We make statements in this press release, and we may from time to time make other statements, regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company or its subsidiaries (collectively, “Peoples”) that are considered “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “intend” and “potential”. For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements.
Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; and other economic, competitive, governmental, regulatory and technological factors affecting Peoples’ operations, pricing, products and services and other factors that may be described in Peoples’ Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission (“SEC”) from time to time.
In addition to these risks, acquisitions and business combinations—such as Peoples recent merger with Penseco Financial Services Corporation, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder—or take longer—to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues.
The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.