--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-076605" form_type: "8-K" ticker: "PFIS" cik: "0001056943" company_name: "PEOPLES FINANCIAL SERVICES CORP." filed_at: "2024-07-01T23:59:59+00:00" generated_at: "2026-05-31T23:54:20.899572+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Peoples Financial completes merger with FNCB Bancorp, creating $5.5B community bank ## Summary - 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. ## SEC filing metadata - accession: 0001104659-24-076605 - form_type: 8-K - ticker: PFIS - cik: 0001056943 - company_name: PEOPLES FINANCIAL SERVICES CORP. - filed_at: 2024-07-01T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 2.01, 2.03, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/tm2418346d2_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-076605 - JSON: https://secwatch.observer/filing/0001104659-24-076605.json - Plain text: https://secwatch.observer/filing/0001104659-24-076605.txt ## Key facts - Executive change 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 source text: Thomas P. Tulaney, the Chief Operating Officer of Peoples Bank following the effective time of the Bank Merger evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Joseph Coccia was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Thomas J. Melone was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Gerard A. Champi was appointed as President of Peoples Bank at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: President of Peoples Bank source text: Gerard A. Champi, the President of Peoples Bank following the effective time of the Bank Merger evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Kathleen M. Lambert was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change William G. Bracey was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Joseph L. DeNaples was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change William P. Conaboy was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Keith W. Eckel was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm - Executive change Louis A. DeNaples, Sr. was appointed as Director at PEOPLES FINANCIAL SERVICES CORP.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465924076605/0001104659-24-076605-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.