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Peoples Financial Services (PFIS) has provided an announcement.
On July 1, 2024, Peoples Financial Services Corp. successfully completed its merger with FNCB Bancorp, Inc., creating a consolidated entity under Peoples with an expanded board of directors that includes members from both companies. Shareholders of FNCB received an exchange ratio of 0.1460 shares of Peoples stock for each share of FNCB, with fractional shares compensated in cash. This strategic move is set to strengthen the financial position and market reach of the newly combined corporation, offering potentially attractive prospects for investors and customers of both Peoples and FNCB.
See more data about PFIS stock on TipRanks’ Stock Analysis page.