Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 1

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 1
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; 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 to the extent permitted
by Pennsylvania law; a proposal to approve, on an advisory basis, the compensation of our named executive officers; the ratification of
Baker Tilly US, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025, and any other
business as may properly be brought before the meeting.

On behalf of the board of
directors, we urge you to submit your proxy by mail, telephone or internet as soon as possible, even if you currently plan to attend the
virtual meeting. This will not prevent you from voting at the annual meeting, but will assure that your vote is counted if you do not
attend.

Your cooperation is appreciated,
as shareholders entitled to cast at least a majority of the votes which all shareholders are entitled to cast must be represented at the
annual meeting, either by proxy or by participation in the virtual meeting, to constitute a quorum for the conduct of business.

Very truly yours,

| William      
 E. Aubrey II |     | Gerard            
 A. Champi         |     | Thomas     
 P. Tulaney |
| Chairman     
 of the Board |     | Chief             
 Executive Officer |     | President  |

<div align='center'>Peoples Financial Services Corp.102 East Drinker Street
Dunmore, Pennsylvania 18512

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD May 9, 2025</div>

Notice is hereby given that
the 2025 Annual Meeting of Shareholders of Peoples Financial Services Corp., referred to as “we” or the “Company,”
will be held via live audio webcast at www.virtualshareholdermeeting.com/PFIS2025, on Friday, May 9, 2025, at 9:00 a.m. Eastern
Daylight Time, for the purpose of considering and voting upon the following matters:

| ● | Election of five directors to our 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 to the extent permitted by Pennsylvania law; |

| ● | A proposal to approve,