Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 38

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 38
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| (5)  | Includes 323.416 shares held by minor children, 9,584.946 shares owned jointly by Mr. Lochen and                                             
 his wife, and 4,957 shares in a self-directed IRA.                                                                                           |
| (6)  | Includes 3,984 shares in a self-directed IRA and 1,671 shares owned by Mr. Nicholas’s wife.                                                  |
| (7)  | Includes 2,680 shares owned jointly by Ms. Ramirez and her husband.                                                                          |
| (8)  | Includes 40 shares owned jointly by Mr. Anderson and his wife, 1,707.6392 shares under the ESOP which                                        
 have been allocated to Mr. Anderson’s account, and 930 restricted shares.                                                                    |
| (9)  | Includes 215.2168 shares under the ESOP which have been allocated to Mr. Kirtley’s account,                                                  
 and 916 restricted shares.                                                                                                                   |
| (10) | Includes 400 shares in a self-directed IRA and 368.9157 shares under the ESOP which have been allocated                                      
 to Mr. Koplin’s account, and 1,040 restricted shares.                                                                                        |
| (11) | Includes 17,690.45 shares in a self-directed IRA, 852.2164 shares under the ESOP which have been allocated                                   
 to Mr. Tulaney’s account and 1,177 shares owned jointly by Mr. Tulaney and his wife, and 1,175 restricted shares.                            |
| (12) | Based solely on Amendment No. 4 to Schedule 13G filed with the SEC on January 26, 2024. Based                                                
 upon the information contained in the filing, BlackRock, Inc. has sole voting and dispositive power with respect to 502,722 and 512,316      
 shares, respectively, and beneficially owns 512,316 shares of the Company’s common stock. BlackRock is the beneficial owner of these         
 holdings in its capacity as a parent holding company or control person.                                                                      |

<div align='center'>25</div>

Policy Regarding Hedging.
Because certain hedging or monetization transactions relative to our securities may cause the interests and objectives of those persons
engaged in such transactions to differ those of our shareholders generally,
that prohibits our directors, officers and employees, and family members and other persons and entities under their influence or control,
from engaging in any hedging or monetization