Company: PFIS
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001104659-25-063613
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Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-06-27
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On June 23, 2025, Peoples Security Bank and Trust
Company (the “ Bank”), the bank subsidiary of Peoples Financial Services Corp. (the “ Company”), entered into a
Purchase and Sale Agreement (the “ Agreement”) to purchase the real property commonly known as 30 E. D. Preate Drive, Moosic,
Pennsylvania (the “ Property”) from Moosic Holdings, LLC. The purchase price for the Property is $19.5 million, subject to
customary adjustments, prorations and credits as outlined in the Agreement. In addition to the purchase price, the Bank agreed to pay
the seller $3 million for certain repairs and improvements to the Property and up to $500,000 for certain office fit out costs. The closing
is to occur no later than June 30, 2026.

The Bank currently leases a portion of the Property.
At the closing, any and all leases at the Property will be assigned to and assumed by the Bank. All closing costs related to the transaction
will be allocated in accordance with customary, local standards.

The foregoing description of the Agreement is
not complete and is qualified in its entirety by reference to the complete text of the Agreement, which is attached as Exhibits 10.1 to
this Current Report on Form 8-K and is incorporated herein by reference.