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Peoples Money Services Corp. Announces Frequent Stock Repurchase Prepare

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SCRANTON, Pa., Feb. 1, 2021 /PRNewswire via COMTEX/ —
SCRANTON, Pa., Feb. 1, 2021 /PRNewswire/ — Peoples Financial Companies Corp. (“Peoples”) (NASDAQ: PFIS), the lender keeping enterprise for Peoples Stability Lender and Believe in Business, announced right now that its board of directors has approved a stock repurchase strategy giving for the buy of up to 4.9 percent its remarkable shares frequent inventory, or 353,422 shares.  The timing, cost and quantity of repurchases will be based mostly on marketplace ailments, related securities legislation and other elements.  The inventory repurchases might be manufactured from time to time on the open up market place or in privately negotiated transactions.  The stock repurchase application does not have to have Peoples to repurchase any particular variety of shares, and Peoples may well terminate the repurchase software at any time.  As of the day of this release, Peoples has about 7,212,702 shares of prevalent inventory excellent.

Peoples Fiscal Companies Corp. is the mother or father organization of Peoples Security Lender and Believe in Company, a group bank serving Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Schuylkill, Susquehanna, and Wyoming Counties in Pennsylvania and Broome County in New York as a result of 26 offices. Each and every place of work, interdependent with the neighborhood, gives a comprehensive array of economic products and solutions and solutions to folks, enterprises, not-for-earnings corporations and authorities entities. Peoples’ organization philosophy incorporates giving immediate access to senior management and other officers and providing helpful, educated and courteous company, nearby and well timed decision building, versatile and affordable running strategies and persistently utilized credit rating guidelines.

Secure Harbor Forward-Seeking Statements:

We make statements in this press release, and we might from time to time make other statements pertaining to our outlook or anticipations for upcoming financial or operating results and/or other matters regarding or affecting Peoples Fiscal Products and services Corp. and Peoples Protection Bank and Trust Corporation (collectively, “Peoples”) that are viewed as “ahead-on the lookout statements” as outlined in Section 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended. This kind of forward-wanting statements could be identified by the use of these phrases as “think,” “be expecting,” “foresee,” “should really,” “prepared,” “believed,” “intend” and “possible.” For these statements, Peoples statements the protection of the statutory safe harbors for forward-searching statements.

Peoples cautions you that a variety of important variables could trigger actual effects to differ materially from those at the moment anticipated in any forward-hunting assertion. This kind of factors incorporate, but are not limited to: prevailing financial and political disorders, especially in our market place place the unfolding COVID-19 disaster and the governmental responses to the disaster credit possibility linked with our lending things to do changes in interest fees, personal loan demand from customers, authentic estate values and level of competition modifications in accounting concepts, insurance policies, and suggestions alterations in any relevant legislation, rule, regulation or apply with regard to tax or legal challenges our potential to detect and handle cyber-safety hazards and other financial, competitive, governmental, regulatory and technological aspects affecting Peoples’ operations, pricing, products and solutions and solutions and other aspects that may possibly be described in Peoples’ Yearly Reports on Kind 10-K and Quarterly Reviews on Sort 10-Q as submitted with the Securities and Exchange Fee from time to time.

In addition to these challenges, acquisitions and organization mixtures, current risks other than individuals introduced by the character of the enterprise obtained. Acquisitions and enterprise mixtures may perhaps be substantially additional expensive to finish than initially predicted, and the predicted added benefits may well be appreciably more challenging-or just take more time-to realize than anticipated. As regulated economic institutions, our pursuit of desirable acquisition and business mixture prospects could be negatively impacted by regulatory delays or other regulatory problems. Regulatory and/or authorized issues relevant to the pre-acquisition functions of an acquired or put together organization may result in reputational hurt to Peoples pursuing the acquisition or blend, and integration of the obtained or blended business with ours could consequence in extra foreseeable future charges arising as a result of those challenges.

The ahead-seeking statements are manufactured as of the date of this launch, and, except as may be necessary by applicable regulation or regulation, Peoples assumes no obligation to update the ahead-looking statements or to update the good reasons why real benefits could differ from people projected in the ahead-hunting statements.

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Resource Peoples Financial Providers Corp.

COMTEX_380005334/2454/2021-02-01T18:12:05

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