Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 4

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 4
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strategies and expectations of Peoples Financial Services Corp. and its subsidiaries that are subject to significant risks and uncertainties,
and are subject to change based on various factors (some of which are beyond our control). These forward-looking statements are generally
identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,”
“project” and variations of such words and similar expressions, or future or conditional verbs such as “would,”
“should,” “could,” “may,” or similar expressions. All statements in this document, other than statements
of historical facts, are forward-looking statements.

You should note that many
factors, some of which are discussed elsewhere in this document and in documents that are incorporated by reference, could affect the
future financial results of Peoples and its subsidiaries and could cause those results to differ materially from those expressed in the
forward-looking statements contained or incorporated by reference in this document.

Our ability to predict results
or the actual effect of future plans or strategies is inherently uncertain. Important factors that could cause our actual results to differ
materially from those in the forward-looking statements include, but are not limited to:

| ● | changes in general economic and business conditions; |

| ● | the effects of any recession in the United States; |

| ● | the impact on financial markets from political instability, including geopolitical and military conflicts, and uncertain trade and 
 economic policies;                                                                                                                 |

| ● | risks associated with business combinations, including, the possibility that we may be unable to achieve expected synergies and operating 
 efficiencies of our merger with FNCB Bancorp, Inc. within the expected time frames or at all;                                             |

| ● | the possibility that we may be unable to successfully integrate operations of FNCB, or that the integration may be more difficult, 
 time consuming or costly than expected;                                                                                            |

| ● | changes in interest rates; |

| ● | economic conditions, particularly in our market area; |

| ● | legislative and regulatory changes and the ability to comply with the significant laws and regulations governing the banking and financial 
 services business;                                                                                                                         |

| ● | monetary and fiscal policies of the U.S. government, including policies of the U.S. Department of Treasury and the Federal Reserve 
 System;                                                                                                                            |

| ● | adverse developments in the financial industry generally, and responsive measures to mitigate and manage any such developments, related 
 supervisory and regulatory actions and costs, and related impacts on customer and client behavior;