Peoples Monetary Companies Corp. Announces Frequent Stock Repurchase Plan

The MarketWatch Information Section was not associated in the generation of this written content. SCRANTON,…

The MarketWatch Information Section was not associated in the generation of this written content.

SCRANTON, Pa., Feb. 1, 2021 /PRNewswire through COMTEX/ —
SCRANTON, Pa., Feb. 1, 2021 /PRNewswire/ — Peoples Economical Products and services Corp. (“Peoples”) (NASDAQ: PFIS), the bank keeping enterprise for Peoples Safety Lender and Rely on Corporation, introduced now that its board of directors has approved a stock repurchase prepare offering for the order of up to 4.9 percent its remarkable shares frequent stock, or 353,422 shares.  The timing, price tag and volume of repurchases will be based on market place disorders, suitable securities regulations and other things.  The inventory repurchases may possibly be designed from time to time on the open up market place or in privately negotiated transactions.  The inventory repurchase program does not have to have Peoples to repurchase any unique quantity of shares, and Peoples might terminate the repurchase application at any time.  As of the date of this release, Peoples has close to 7,212,702 shares of typical stock superb.

Peoples Financial Services Corp. is the dad or mum organization of Peoples Protection Financial institution and Believe in Company, a neighborhood financial institution serving Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Schuylkill, Susquehanna, and Wyoming Counties in Pennsylvania and Broome County in New York through 26 workplaces. Every single office environment, interdependent with the community, offers a thorough array of economical products and services to persons, organizations, not-for-profit organizations and authorities entities. Peoples’ business philosophy includes offering immediate access to senior management and other officers and providing friendly, knowledgeable and courteous services, nearby and timely choice creating, adaptable and sensible running strategies and persistently used credit rating policies.

Safe Harbor Forward-Searching Statements:

We make statements in this press release, and we may perhaps from time to time make other statements pertaining to our outlook or expectations for future economic or running benefits and/or other matters relating to or influencing Peoples Financial Providers Corp. and Peoples Stability Lender and Have confidence in Business (collectively, “Peoples”) that are regarded “ahead-seeking statements” as outlined in Segment 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended. These kinds of ahead-searching statements may be identified by the use of this kind of text as “think,” “expect,” “anticipate,” “need to,” “planned,” “approximated,” “intend” and “potential.” For these statements, Peoples claims the protection of the statutory safe and sound harbors for ahead-hunting statements.

Peoples cautions you that a selection of important variables could trigger actual final results to differ materially from those at present expected in any ahead-hunting assertion. These variables include things like, but are not minimal to: prevailing economic and political disorders, especially in our marketplace space the unfolding COVID-19 disaster and the governmental responses to the crisis credit rating danger connected with our lending things to do improvements in curiosity rates, bank loan demand from customers, real estate values and opposition adjustments in accounting principles, procedures, and guidelines changes in any relevant legislation, rule, regulation or practice with respect to tax or authorized difficulties our skill to identify and address cyber-stability dangers and other economic, aggressive, governmental, regulatory and technological variables impacting Peoples’ operations, pricing, merchandise and products and services and other elements that could be explained in Peoples’ Annual Studies on Kind 10-K and Quarterly Reports on Variety 10-Q as filed with the Securities and Trade Fee from time to time.

In addition to these pitfalls, acquisitions and enterprise combinations, current dangers other than people presented by the character of the business obtained. Acquisitions and company mixtures may perhaps be substantially more highly-priced to entire than originally expected, and the anticipated gains may perhaps be significantly more durable-or consider for a longer period-to attain than envisioned. As regulated financial establishments, our pursuit of attractive acquisition and organization mixture options could be negatively impacted by regulatory delays or other regulatory problems. Regulatory and/or authorized issues connected to the pre-acquisition functions of an obtained or put together organization may well result in reputational hurt to Peoples subsequent the acquisition or mix, and integration of the obtained or blended small business with ours may possibly outcome in further long run costs arising as a consequence of these issues.

The ahead-seeking statements are manufactured as of the date of this release, and, other than as may perhaps be required by applicable legislation or regulation, Peoples assumes no obligation to update the forward-seeking statements or to update the motives why precise success could vary from these projected in the forward-searching statements.

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Supply Peoples Financial Products and services Corp.

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

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