PEOPLES FINANCIAL SERVICES CORP.

Peoples Financial Services Corp. is a bank holding company that provides a full range of financial services through its wholly-owned direct and indirect subsidiaries, including Peoples Security Bank and Trust Company and 1st Equipment Finance, Inc. Peoples Security Bank and Trust Company, a state-chartered bank and trust company, operates forty community banking offices. These offices are similar in economic characteristics and share common products and services, operating processes, customer bases, delivery systems, and regulatory oversight, leading them to be aggregated into a single operating segment. On July 1, 2024, Peoples Financial Services Corp. completed the acquisition of FNCB Bancorp, Inc. Following this merger, FNCB Bank merged into Peoples Security Bank and Trust Company. As a result of this acquisition, Peoples added $1.8 billion in assets, $421.9 million in investments, $1.2 billion in loans, $1.4 billion in deposits, $226.3 million in Federal Home Loan Bank advances, and $8.0 million in trust preferred debentures. The acquisition resulted in $12.6 million of goodwill. Former FNCB shareholders received 0.1460 shares of Peoples Financial Services Corp.'s common stock for each share of FNCB common stock.