Peoples Financial appoints Champi President; Tulaney retires with consulting deal

PEOPLES FINANCIAL SERVICES CORP.

Gerard A. Champi appointed President of Peoples and Peoples Bank effective April 3, 2026, succeeding retiring Thomas P. Tulaney; Champi remains CEO.
Accelerated vesting of 207 restricted shares and 709 RSUs for Tulaney; company vehicle transferred upon retirement.
Peoples Bank entered consulting agreement with Tulaney at $8,000/month for advisory services; either party may terminate with 30 days notice.
Director Elisa Zúñiga Ramirez will not stand for reelection at 2026 annual meeting; board size reduced to 14 (Peoples) and 15 (Peoples Bank).
No disagreement cited for director departure; changes effective at 2026 annual meeting.

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