On April 2, 2026, Peoples Financial Services Corp. announced the appointment of Gerard A. Champi as the new President of the company and its banking subsidiary, Peoples Security Bank and Trust Company. This decision comes as Thomas P. Tulaney, the current President, prepares for his retirement effective April 3, 2026. Champi, who has been serving as the Chief Executive Officer since December 31, 2024, will continue in that role alongside his new responsibilities as President. The transition is expected to be smooth, given Champi's extensive experience and familiarity with the company's operations. In connection with Tulaney's retirement, the company has accelerated the vesting of certain stock options and agreed to a consulting arrangement that will see Tulaney provide advisory services to the bank post-retirement. This strategic leadership change is anticipated to have a positive impact on the company's direction and operational execution, as it seeks to enhance its market position and service offerings.

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