8-K
filed July 1, 2024, 7:59 PM ET
ticker PFIS
CIK 0001056943
M&A
confidence high
sentiment positive
materiality 0.85
Peoples Financial completes merger with FNCB Bancorp, creating $5.5B community bank
PEOPLES FINANCIAL SERVICES CORP.
- Merger effective July 1, 2024; each FNCB share converted to 0.1460 PFIS shares; total consideration ~2.94M shares.
- Combined assets ~$5.5B, loans ~$4.0B, deposits ~$4.7B; operations in PA, NY, NJ.
- Board expands to 16 directors: 8 from each legacy company; Jerry Champi named President, James Bone Jr. COO.
- Peoples assumes $10.31M of FNCB's floating rate junior subordinated debentures due 2036.
- Combined entity trades under PFIS on Nasdaq; all branches to operate under Peoples banner.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas P. Tulaney was appointed as Chief Operating Officer of Peoples Bank at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Chief Operating Officer of Peoples Bank
Exact text from the filing
Thomas P. Tulaney, the Chief Operating Officer of Peoples Bank following the effective time of the Bank Merger
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Coccia was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas J. Melone was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Louis A. DeNaples, Sr. was appointed as Vice Chairman of the Board at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Vice Chairman of the Board
Exact text from the filing
Mr. DeNaples, Sr., the chairman of the FNCB board of directors immediately prior to the Effective Time, was appointed as Vice Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gerard A. Champi was appointed as President of Peoples Bank at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- President of Peoples Bank
Exact text from the filing
Gerard A. Champi, the President of Peoples Bank following the effective time of the Bank Merger
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathleen M. Lambert was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William G. Bracey was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph L. DeNaples was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William P. Conaboy was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith W. Eckel was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Louis A. DeNaples, Sr. was appointed as Director at PEOPLES FINANCIAL SERVICES CORP..
- Action
- appointed
- Role
- Director
Exact text from the filing
The eight FNCB Continuing Directors designated by FNCB pursuant to the Merger Agreement and the Peoples bylaw amendment, each of whom was serving as a member of the board of directors of FNCB immediately prior to the Effective Time, and was appointed as a member of the Board effective as of the Effective Time, are as follows: Louis A. DeNaples, Sr., William G. Bracey, Joseph Coccia, William P. Conaboy, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert, and Thomas J. Melone.
View on SEC.gov
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