M&A - PEOPLES FINANCIAL SERVICES CORP.

Form Type: 8-K

Filing Date: 2025-06-27

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925063613

Filing Summary: On June 23, 2025, Peoples Security Bank and Trust Company, a subsidiary of Peoples Financial Services Corp., entered into a Purchase and Sale Agreement to acquire real property located at 30 E.D. Preate Drive, Moosic, Pennsylvania from Moosic Holdings, LLC. The total purchase price for the property is set at $19.5 million, with additional fees including $3 million for repairs and improvements and up to $500,000 for office fit-out costs. The transaction is scheduled to close by June 30, 2026. At the closing, the Bank will assume any existing leases related to the property and all closing costs will follow local standards. The complete text of the agreement is included as an exhibit in this report.

Form Type: NT 10-K

Filing Date: 2025-03-18

Corporate Action: Merger

Type: New

Accession Number: 000110465925024783

Filing Summary: Peoples Financial Services Corp. is filing a Notification of Late Filing on Form 12b-25 regarding its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The company completed its merger with FNCB Bancorp, Inc. on July 1, 2024. Due to the merger, the Registrant requires additional time for completing consolidated financial statements and additional audit procedures. The Form 10-K could not be filed within the prescribed period without unreasonable effort or expense. The Registrant anticipates a significant change in its results of operations due to the merger, projecting net income of $8.5 million for fiscal year 2024, down from $27.4 million in 2023.