• Slice of Finance
  • Posts
  • Peoples Financial Services Corp. Completes Merger with FNCB Bancorp, Inc.

Peoples Financial Services Corp. Completes Merger with FNCB Bancorp, Inc.

Author

Slice of Finance Team
09 Jul

Key Highlights:

  • Peoples and FNCB merger completed on July 1, 2024.

  • New $5.6 billion community bank operating in PA, NY, and NJ.

  • Combined assets of $5.5 billion, $4.0 billion in loans, and $4.7 billion in deposits.

  • All branches will operate under the Peoples banner.

Source (PR Newswire)

Notable Quotes:

❝

"The completion of this merger unites two dynamic institutions to create a leading, $5.6 billion community bank with operations in Pennsylvania, New York and New Jersey."

Craig Best, Chief Executive Officer and Director at Peoples Financial Services Corp
❝

"FNCB Bank's merger with Peoples Bank marks a significant milestone in our journey. Our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust."

Jerry Champi, President at Peoples Financial Services Corp

Our Take:

The merger between Peoples Financial Services Corp. and FNCB Bancorp, Inc. represents a significant consolidation in the community banking sector, enhancing the combined entity's ability to serve a larger customer base with a more extensive array of financial products and services. This strategic union is poised to drive long-term growth and shareholder value while reinforcing the institutions' commitment to their communities. The seamless integration under the Peoples banner promises to provide customers with a consistent and enhanced banking experience across Pennsylvania, New York, and New Jersey.