March 27, 2024

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Peoples Financial Providers Corp. Declares Very first Quarter 2021 Dividend

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SCRANTON, Pa., Jan. 29, 2021 /PRNewswire/ — The Board of Directors of Peoples Economical Services Corp. (NASDAQ: PFIS) declared a to start with quarter dividend of $.37 per share.  The $.37 dividend represents a 2.8% raise in excess of the dividend declared in the fourth quarter of 2020. The dividend is payable March 15, 2021 to shareholders of report February 26, 2021.

Peoples Financial Services Corp. Logo. (PRNewsFoto/Peoples Financial Services Corp.) (PRNewsFoto/PEOPLES FINANCIAL SERVICES CORP_)

Peoples Economical Companies Corp. (the “Business”) is the dad or mum enterprise of Peoples Protection Bank and Rely on Company (the “Financial institution”), an unbiased group lender serving its retail and business clients by way of twenty-six full-services community banking places of work found inside of the Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania and Broome County in New York. Each and every place of work, interdependent with the group, provides a detailed array of money goods and expert services to folks, organizations, not-for-income corporations and govt entities. The Company’s business enterprise philosophy consists of presenting direct accessibility to senior management and other officers and offering pleasant, educated and courteous provider, nearby and well timed.

Protected Harbor Ahead-Wanting Statements:  

We make statements in this press launch, and we could from time to time make other statements with regards to our outlook or anticipations for potential financial or operating final results and/or other issues pertaining to or impacting Peoples Monetary Expert services Corp., Peoples Stability Lender and Rely on Business, and its subsidiaries (collectively, “Peoples”) that are considered “forward-on the lookout statements” as outlined in Area 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. This kind of ahead-wanting statements may be identified by the use of this kind of terms as “believe that,” “be expecting,” “foresee,” “should really,” “planned,” “believed,” “intend” and “probable.” For these statements, Peoples statements the safety of the statutory risk-free harbors for forward-seeking statements.  &#13

Peoples cautions you that a number of crucial aspects could cause precise success to differ materially from those at present expected in any forward-hunting assertion. These kinds of factors incorporate, but are not restricted to: prevailing financial and political disorders, significantly in our sector spot the unfolding COVID-19 disaster and the governmental responses to the disaster: credit score risk involved with our lending activities variations in desire rates, mortgage desire, actual estate values and competition changes in accounting principles, guidelines, and tips adjustments in any relevant regulation, rule, regulation or exercise with respect to tax or legal issues our means to recognize and handle cyber-protection challenges and other economic, competitive, governmental, regulatory and technological factors impacting Peoples’ operations, pricing, goods and companies and other components that could be explained in Peoples’ Once-a-year Reviews on Variety 10-K and Quarterly Reviews on Type 10-Q as filed with the Securities and Trade Fee from time to time.  

In addition to these risks, acquisitions and business enterprise combos, present risks other than people presented by the character of the company acquired. Acquisitions and business mixtures might be significantly extra pricey to full than initially predicted, and the anticipated added benefits might be drastically more durable-or acquire longer-to realize than expected. As regulated economic establishments, our pursuit of attractive acquisition and organization combination opportunities could be negatively impacted by regulatory delays or other regulatory difficulties. Regulatory and/or legal troubles similar to the pre-acquisition functions of an acquired or blended company may possibly cause reputational harm to Peoples next the acquisition or mixture, and integration of the acquired or merged organization with ours could result in more future fees arising as a end result of individuals concerns. 

The forward-seeking statements are made as of the day of this release, and, besides as may possibly be needed by applicable law or regulation, Peoples assumes no obligation to update the ahead-hunting statements or to update the motives why precise effects could vary from those people projected in the ahead-on the lookout statements. 

 

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