Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 5

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 5
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 actions and costs, and related impacts on customer and client behavior;                                      |

| ● | credit risk associated with lending activities and changes in the quality and composition of our loan and investment portfolios; |

| ● | demand for loan and other products; |

| ● | deposit flows; |

| ● | competition; |

| ● | changes in the values of real estate and other collateral securing the loan portfolio, particularly in our market area; |

| ● | changes in relevant accounting principles and guidelines; |

| ● | inability of third party service providers to perform; and |

| ● | our ability to prevent, detect and respond to cybersecurity threats and incidents; and |

| ● | additional factors that may be described in our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed 
 with the Securities and Exchange Commission from time to time.                                                          |

These risks and uncertainties
should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required
by applicable law or regulation, we do not undertake, and specifically disclaim any obligation, to release publicly the result of any
revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to
reflect the occurrence of anticipated or unanticipated events.

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Information About Voting</div>

How are proxies being solicited?

This proxy solicitation is
being made by and at the direction of the board of directors of the Company, and we will pay all expenses relating to the solicitation.
Proxies may be solicited by mail, personally, by telephone or by other electronic means by officers, directors and employees of the Company
and its subsidiary, Peoples Security Bank and Trust Company, or the “Bank,” who will not be compensated for such solicitation
activities. Arrangements may be made with brokerage houses and other custodians, nominees and fiduciaries for forwarding solicitation
materials to the beneficial owners of shares held of record by such persons, and we will reimburse those persons for their reasonable
expenses.

What is on the agenda for the annual meeting?

The agenda for the annual
meeting includes: the 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 the personal liability of directors and officers for monetary damages