Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 20

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 20
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 firm’s Tax Preparation and Advisory Services as well as it’s Small Business Advisory and Consulting
Services. Additionally, he has extensive experience in the financial management of public-school districts operating in the Commonwealth
of Pennsylvania. Mr. Melone is also a shareholder of Pro-Data Processing, Inc. Mr. Melone is an active member of several
professional, business and community organizations including the American Institute of Certified Public Accountants, Pennsylvania Institute
of Certified Public Accountants and the Allied Services Board, an integrated health system, specifically serving as Chairman of the Allied
Institute of Rehabilitation Medicine and the John Heinz Institute of Rehabilitation Medicine, and as Vice Chairman of the Allied Services
Foundation. Mr. Melone’s community involvement, extensive business and accounting experience and service as a director of FNCB
and FNCB Bank qualify him to serve as a director of the Company and the Bank.

<div align='center'>10</div>

James B. Nicholas,
age 73, was appointed as a director of Peoples Financial Services Corp. and Peoples Security Bank and Trust Company in connection with
the consummation of our merger with Penseco Financial Services Corporation in November 2013. Prior to that, he served as a director
of Penseco Financial Services Corporation and Penn Security Bank and Trust Company since 1981. Mr. Nicholas served as the President
of D.G. Nicholas Co., a wholesale auto parts company located in Scranton, Pennsylvania, from 1990 until 2022. Since 2022, Mr. Nicholas
is the President of DG Nicholas, a real estate company located in Scranton, Pennsylvania. Through his oversight of D.G. Nicholas Co.,
Mr. Nicholas is able to obtain insight regarding the local business and consumer environment that is valuable to our board of directors
in its oversight of the Company’s and Bank’s operations. His service as a director of Penseco and Penn Security has enabled
him to develop a knowledge of their former operations, which is beneficial to the Company’s Board. The Company has concluded that
Mr. Nicholas is qualified to serve as a director of the Company as a result of his substantial small company management experience,
particularly within the region in which the Bank conducts its business, and his familiarity with the operations of the former Penn Security
Bank and Trust Company.

Recommendation

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE FORTHE ELECTION OF EACH OF ITS NOMINEES TO THE BOARD OF DIRECTORS OF THE COMPANY