Peoples Financial Services (PFIS) Announces 225K Common Stock Repurchase Plan

Peoples Financial Services Corp. ("Peoples") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company, announced today that its board of directors has authorized a stock repurchase plan providing for the purchase of up to 225,000 shares of its outstanding common stock. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time on the open market or in privately negotiated transactions. The stock repurchase program does not require Peoples to repurchase any specific number of shares, and Peoples may terminate the repurchase program at any time. Peoples currently has approximately 7,394,143 shares of common stock outstanding.

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