Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 2

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 2
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 on an advisory basis, the compensation of our named executive officers; |

| ● | Such other business as may properly come before the meeting. |

Shareholders of record at
the close of business on March 3, 2025 are entitled to notice of and to vote at the annual meeting. Whether or not you contemplate
participating in the virtual annual meeting, the board of directors of the Company recommends that you execute and return the enclosed
proxy by mail or submit your proxy by telephone or the internet. You may revoke your proxy at any time prior to the exercise of the proxy
by delivering to the Company a later dated proxy, by delivering a later dated written notice of revocation to the Company, or by voting
your shares at the virtual annual meeting.

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to Be Held on May 9, 2025:

Our proxy statement, annual
report to shareholders and form of proxy card are available at www.proxyvote.com.

| BY ORDER OF THE BOARD OF DIRECTORS |
| TIMOTHY H. KIRTLEY                 |
| Secretary                          |

April , 2025

<div align='center'>Preliminary proxy statement dated March 7, 2025
Subject to Completion

Peoples Financial Services Corp.102 East Drinker Street
Dunmore, Pennsylvania 18512

PROXY STATEMENT FOR ANNUAL MEETING
OF SHAREHOLDERS TO BE HELD ON May 9, 2025</div>

This proxy statement is being
furnished to shareholders of Peoples Financial Services Corp., referred to as “we,” or “Peoples,” or the “Company,”
in connection with the solicitation by the board of directors of the Company of proxies to be voted at the annual meeting of shareholders
to be held via live audio webcast at www.virtualshareholdermeeting.com/PFIS2025 at 9:00 a.m. Eastern Daylight Time on Friday, May 9,
2025, or such later date to which the annual meeting may be adjourned or postponed.

At the annual meeting, you
will be asked to consider and vote upon the following matters:

| ● | Election of five directors to the Company’s board of directors, each to serve until the 2028 annual 
 meeting of shareholders and until his or her successor has been elected and qualified;              |

| ● | A proposal to amend the Company’s bylaws by adding a new Article 25, to limit